Submitted by tom on
An interesting article (click here to read) from Darla Mercado at Investment News discusses Manulife's efforts to catch-up with hedging strategy.
The focus seems to be the variable annuity portfolio.
Much of the (unhedged) pain was experienced in 2008-2009.
Apparently Manulife is about half-way through a 4 year program--final objective being 75% coverage of equity market exposure.
Also hedging interest rate risk which dampens some of the potential upside in a rising rate environment.
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