Manulife adds China fund to MPF investment platform
Insurer aims to give MPF contributors more choice.
Manulife, the world's fifth largest insurer, has added the aggressive China-concept fund to its Global Select MPF platform in a bid to grab a larger share of the growing Mandatory Provident Fund market.
The Canadian-owned insurance giant, which has boosted its share of the HK$146.3 billion $18.8 billion MPF market from 14.8% to 15.6% since the end of last year, says the move was all about consumer choice.
As Nick Crouch, senior vice-president of Employee Benefits Asia comments,...
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