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home / news releases / GWLIF - Manulife: Fed-Resistant Investment-Grade 5% Yield


GWLIF - Manulife: Fed-Resistant Investment-Grade 5% Yield

  • Rising interest rates offer a long-term revenue tailwind as the company rolls over its fixed-income investments into higher coupon securities.
  • Fair values of fixed income assets will initially suffer, but the company's capital buffer will allow management to navigate this transitional period.
  • I expect the company to lower its share buyback program to maintain the capital buffer. However, it is unlikely or unnecessary for the company to reduce dividends.

For further details see:

Manulife: Fed-Resistant, Investment-Grade, 5% Yield
Stock Information

Company Name: Great-West Lifeco Inc
Stock Symbol: GWLIF
Market: OTC
Website: greatwestlifeco.com

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