Manulife Investment Management (IM), the global wealth and asset management division of the Canadian insurance giant, remains bullish on certain segments of the China market, unlike several investors who are looking at alternative geographies to invest in Asia.
“In the past… China accounted for 40-50% of Asian markets. But now, China has a weaker appeal…,” Myron Zhu, head of private markets in Asia at Manulife IM told DealStreetAsia in an exclusive interview. “Having talked to various US and European investors, I will say people are scratching their heads [about China] and especially at the board level, any proposal related to China seems to be difficult to pass,” Zhu added.
