Manulife Finl Stock Price, News & Analysis

John Hancock Investment Management, part of Manulife Investment Management, announced the creation of three strategic roles in its distribution organization to enhance client service and internal synergies. The appointments include Andrew J. McFetridge as head of strategic relationships, Darren D. Smith as head of U.S. sales, and Kathleen Pritchard as head of value add. These changes aim to better adapt to the evolving needs of financial professionals, as highlighted by Jeffrey O. Duckworth, head of intermediary distribution.

Manulife Investment Management has appointed Scott Greenberg as managing director of institutional distribution, focusing on business development in the southeast United States. He will work from Miami, Florida, collaborating with institutional investors to provide various investment solutions including agriculture, real estate, and fixed income. Reporting to Michael Kotarski, Greenberg brings extensive experience from his previous roles at Nuveen and GE Asset Management. As of September 30, 2020, Manulife managed CAD$923 billion (US$692 billion) in assets.

Manulife Investment Management's Hancock Natural Resource Group (HNRG) has released its inaugural climate disclosure report, highlighting the importance of carbon removal in timber and agriculture investments. The report follows the Task Force on Climate-related Financial Disclosures' guidelines and outlines HNRG's strategies for assessing climate risks and opportunities. CEO William E. Peressini emphasized the shift towards 'impact-first investments' aimed at maximizing carbon sequestration. The report also discusses HNRG's risk management processes and commitment to sustainable practices, underscoring the significance of these measures for investor returns.

Manulife Investment Management announced the acquisition of the Bellingham Logistics Center, a Class A industrial park in Bellingham, MA, comprising two buildings with a total area of 427,000 square feet. This strategic acquisition is aimed at enhancing their portfolio, capitalizing on the favorable market dynamics in the Greater Boston area, including strong rent growth and limited available land. The property is fully occupied by three high-quality tenants and is situated in a key industrial submarket, benefiting from its proximity to major transportation routes.

John Hancock Investment Trust has announced changes to the dial-in instructions for the special meeting of shareholders of John Hancock Infrastructure Fund, scheduled for December 18, 2020, at 10:00 a.m. ET. The meeting will be conducted virtually due to COVID-19 safety concerns. Shareholders can still vote without attending by authorizing a proxy in advance. Relevant proxy materials have been filed and are accessible online. The meeting aims to approve an update to the fund's investment restrictions.

John Hancock Funds III has announced a change in the dial-in instructions for the special shareholders meeting of John Hancock U.S. Growth Fund, scheduled for December 18, 2020, at 2:00 p.m. ET. The meeting will be held virtually due to COVID-19 concerns and is accessible only to eligible shareholders. The purpose is to vote on an update to the fund's diversification status. Proxy materials were filed with the SEC on October 20, 2020, and mailed to shareholders on November 5, 2020. Shareholders are encouraged to vote in advance by proxy.

On December 14, 2020, John Hancock, the U.S. division of Manulife (NYSE: MFC), announced the integration of Amazon Halo as the complimentary wearable for its Vitality Program. This collaboration aims to enhance customer health engagement by offering insights into activity, sleep, and health metrics. Eligible life insurance customers can earn Vitality Points through various health-related activities. The partnership aligns with John Hancock's commitment to improving customer wellness while providing life insurance benefits. The Amazon Halo service includes a wristband and a three-year membership for new Vitality PLUS members.

Roy Gori, President and CEO of Manulife, will address the Singapore Fintech Festival on December 11, 2020, at 4:40 pm ET. His talk will focus on the transformation within the insurance and asset management industry, emphasizing the importance of people and culture in this evolution. Manulife has a significant global presence, with over 35,000 employees and $1.3 trillion in assets under management. Interested participants can register through the provided link.