This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Manulife Financial's Management Hosts UBS Global Financial Services Conference (Transcript)

It shocks people that we expanded from Canada to Asia before we expanded from Canada to United States. I think we have the longest continuing history of operations of any international life insurer in Asia. We built a very solid foundation of the experience, a solid foundation of relationships throughout the region, which will enable us to continue to drive our growth going forward.

The second thing that surprises people when I tell them Manulife Asia’s story is how big a part of Manulife we already are. There are a lot companies around the world who are pursuing international strategies in Asia and in many cases that’s a promise for the future or it’s a tiny 5% sleeve of their total operations. But as Peter said in his introduction of me and as you can see from the slide here, the Manulife Asia story is already being delivered today.

Over the last five years, we have moved our share of the Company’s worldwide insurance sales from less than a fifth to half of the Company’s worldwide insurance sales coming from Asia. On the bottom line, you see a very diversified picture there of earnings from around the world, but again a third of our bottom line is already coming from Asia. So this is not a story that is a promise for the future. This is a story that is already being delivered today.

Now as most of you know, Asia is not a homogenous market in the sense that the United States is – we operate in 11 countries in Asia and our approach has to vary market-by-market. But what this slide gives you is kind of a sense of some of the threads of strategy that weaved through our various operations in Asia.

I think the first thing to highlight is the little circle in the middle there is that our approach to Asia is to manage as a Pan-Asian portfolio. Our approach, a little different from some countries, is we’re consistent with our overall theme of diversification. We want exposure to both developed market and non-developed markets. We want exposure to Northern Asia, as well as Southeast Asia. So that is the essence of the strategy we’re trying to pursue. There are really just kind of three elements of my strategy in Asia that cross all the countries.

Read the rest of this transcript for free on seekingalpha.com

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs