Generally buying individual stocks after they have had a big run-up is a prescription for subpar long-run returns according to most of the research studies I have read. Normally, that would make me somewhat cautious on Manulife Financial (NYSE:MFC) which has seen a big rise since bottoming late last year. In this case though, I think the Canadian life insurance company and wealth management company could have more room to run… but probably after a pause.
MFC is one of the world's biggest life insurers and is mainly focused on North America and Asia. The first thing an investor should think when they hear about a life insurance company is 'distribution network', and the second thing is 'investment...
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