RBC CM on Manulife

RBC Capital Markets, 28 September 2007F/X drag and low interest rates should not negatively impact Manulife's target of 15% organic EPS growth. Manulife believes that it can reach its target of 15% organic EPS growth in the current environment as long as it achieves 10% year over year growth in Premiums and Deposits, which it views as possible now that Japan variable annuity sales have returned