Manulife Asset Management, the investment management arm of Manulife, has been recognized for communications excellence by the League of American Communication Professional (LACP)
Unlike term life insurance policies, which are cheaper, temporary and have pay-outs that are only accessible upon death, permanent policies offer a cash-value component.
Reuters reported in December that CIBC, which holds a 91.5 percent stake in FirstCaribbean, was considering listing 20 percent of the business early in 2018, and, subsequently, selling more shares.
The report further indicates that the increase of more interested parties will urge total assets under management by robo-advisors upwards to $4.1 trillion in 2022, from an estimated $330 billion in 2017.
To recognize outstanding fund managers, Morningstar selects leaders in four categories: domestic stock, international stock, fixed income, and allocation/alternatives.