May 10, 2021
Manila ― Global life insurer Manulife Philippines recently added three new fund options to its variable life portfolio: Tiger Growth Fund, US Growth Fund, and Global Preferred Securities Income Fund. These new funds are available with select Manulife variable life insurance (VUL) products.
“Filipinos have shown greater interest in purchasing life insurance because of the uncertainties brought about by the pandemic. Recognizing this key finding from our recent Asia Care Survey, we are focused on offering customers relevant insurance products, which can provide both life protection and investment opportunities in key global markets,” Richard Bates, Chief Executive Officer of Manulife Philippines, said. “Through these new funds available with our investment-linked insurance products, Filipinos can expand their portfolios to include global markets and optimize potential returns.”
Tiger Growth Fund invests in innovative publicly traded companies in the growing economies of mainland China and Hong Kong, which have a track record for high revenues and have been performing well in the market. Customers will also have access to mainland China’s sizable economy and transformative growth, driven by their biggest companies in the e-commerce and technology industries.
Meanwhile, the US Growth Fund invests in some of the largest and most profitable publicly traded companies in the United States -- including popular high-performing conglomerates in big tech, e-commerce and social media -- and provides access to the US equity market and companies with sustainable competitive advantages.
Lastly, the Global Preferred Securities Income Fund invests in preferred securities of publicly traded companies worldwide that can provide income payouts and long-term growth potential and diversify assets through high-quality securities traded in global markets.
Customers who are interested in Tiger Growth and US Growth Funds can link these to Manulife’s VUL products such as Affluence Builder Plus. They are also available to China Bank clients through Manulife China Bank Life Assurance Corporation’s (MCBL) Invest plans. Meanwhile, the Global Preferred Securities Income Fund can be accessed through Manulife’s VUL products like Affluence Max Elite and Affluence Max Gold, and MCBL’s products like Platinum Invest Elite and Affluence Max Elite.
Existing customers of eligible VUL products can top up their current funds with these new funds. They can go to Manulife Online or speak to their financial advisor for assistance.
To learn more about Manulife’s three new funds, visit the Manulife Philippines website at www.manulife.com.ph.
About Manulife Philippines
The Manufacturers Life Insurance Company opened its doors for business in the Philippines in 1907. Since then, Manulife's Philippine Branch and later The Manufacturers Life Insurance Co. (Phils.), Inc. (Manulife Philippines) has grown to become one of the country’s leading life insurance companies. Manulife Philippines is a wholly-owned domestic subsidiary of Manulife Financial Corporation, among the world's largest life insurance companies by market capitalization. Learn more about Manulife Philippines by visiting their website www.manulife.com.ph and following them on Facebook (www.facebook.com/ManulifePH), Twitter (@ManulifePH), and Instagram (@manulifeph).
Manulife Financial Corporation is a leading international financial services provider that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and our global wealth and asset management segment, Manulife Investment Management, serves individuals, institutions and retirement plan members worldwide. At the end of 2020, we had more than 37,000 employees, over 118,000 agents, and thousands of distribution partners, serving over 30 million customers. As of March 31, 2021, we had CAD$1.3 trillion (US$1.0 trillion) in assets under management and administration, and in the previous 12 months we made $31.3 billion in payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 155 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.