Allianz Global Investors Asia Pacific and Manulife International today jointly announced an alliance for their Mandatory Provident Fund (MPF) businesses. Through this alliance, Manulife will become the sponsor of Allianz Global Investors MPF Plan, subject to regulatory approvals,while Allianz GI continues to be the Scheme's investment manager and to provide offerings in Manulife's multi-manager MPF platform with its global investment expertise. The alliance will mean Manulife would have a 25.6% market share based on the insurer's AuM as at 30 September 2020. Damien Green, CEO, Manu...
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