Investment Thesis
Manulife Financial Corporation (MFC) has achieved a total return of ~30% since I last recommended the company in January 2019. In that analysis: "Manulife Is Looking Like A Promising Turnaround Story" I outlined the company’s business fundamentals and associated valuation. This article will focus on the opportunity Manulife has to continue expanding its business in Asia. The rise of the Asian middle class represents a compelling growth opportunity for Manulife to expand its insurance and wealth management operations in a region with strong demographic tailwinds. With a vast footprint