Manulife Continues to Gain Share in US VA Market

Scotia Capital, 27 June 2006Event� U.S. variable annuity (VA) quarterly (Q1/06) industry stats were released late last week.What It Means� While MFC continues to gain market share and positioning in terms of both U.S. VA sales and assets, the same cannot be said for SLF.� SLF's heavy investment (we estimate $10 million) in expanding U.S. variable annuity distribution is expected, as per