Manulife in the Market for More U.S Fund Companies
by:
Erin Kello
Manulife has accumulated a substantial amount of capital that it want to use for that perfect little black U.S mutual fund company. SeekingAlpha reports that at a Manulife investor day earlier this week, the company said it would buy businesses that would add to its mutual fund operations in Canada and the U.S. Manulife bought John Hancock in 2004.
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