Most of Manulife Investment's revenue comes from collecting investment portfolio management fees from its parent company, Manulife (320 billion VND).
According to the 2023 financial statements of Manulife Investment (Vietnam) Company Limited, this enterprise currently has an investment trust portfolio of up to 112,208 billion VND (equivalent to about 4.7 billion USD), an increase of nearly 32% compared to number at the beginning of the year. This number also increases by more than 12,000 billion VND compared to the portfolio in mid-2023. The majority of Manulife Investment's investment portfolio is entrusted by Manulife (more than 111,000 billion VND).
Manulife's total investment trust amount at Manulife Investment increases in 2023, so the amounts in the portfolio also increase. First, more than 68% of the money invested by this fund is in the bond channel. This number has increased by 17,941 billion compared to the number at the beginning of the year and increased by more than 4,000 billion VND compared to June 30, 2023.
According to Manulife Investment's semi-annual reviewed financial statements, this company has bought bonds of many famous businesses with outstanding debt and issued large bonds such as Trung Nam Group, Vingroup, Masan Group and even bank bonds.
After bonds, the second largest item in Manulife Investment's investment portfolio is bank deposits. This number at the end of 2023 for this fund is at VND 18,712 billion, an increase of VND 4,743 billion. However, the company's bank deposits had previously decreased in the first half of 2023.
Finally, Manulife's stock investment trust portfolio increased by more than 4,300 billion VND to 16,323 billion VND. In the 2023 semi-annual financial statements, the stocks that this fund invests in include many blue chips such as GAS, VHM, VIC, HPG, VRE, VPB, VNM...
Manulife Vietnam's annual financial statements show that the company is quite actively participating in the Vietnamese stock market.
If in 2015-2016, the Company only held two blue chips, VNM of Vinamilk and GAS of PV Gas with a value of only a few tens of billions (while the total value of cash and cash equivalents held was thousands of billions of dong). ), since 2017, Manulife Vietnam has invested more heavily in stocks with a portfolio value exceeding VND 1,100 billion.
The growth rate of the value of the stock investment portfolio recorded an average increase of 70%/year in the period 2015-2022, especially increasing by the same amount in the two hot years of the market, 2020-2021. The company also changed its taste and accepted more risk, with an annual price reduction provision of hundreds of billions.
According to Manulife's 2023 semi-annual reviewed financial statements, this insurance company must make a provision of VND 392 billion for investments in stocks and a temporary loss of VND 240 billion.
About Manulife Investment Vietnam Co., Ltd., this unit is a branch of Manulife Global Fund Management Group in Vietnam, established in 2005. This is an independent fund management enterprise and operates under supervision. of the State Securities Commission. The capital of this unit is at 83 billion VND.
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In 2023, this company brings in revenue of 336 billion VND, an increase of more than 20% over the same period last year. Of which, most of Manulife Investment's revenue comes from collecting investment portfolio management fees from its parent company, Manulife (320 billion VND). As a result, this business reported a profit of 230 billion VND, an increase of nearly 37%.
A special thing is that Manulife Investment currently has 33 employees, but is willing to pay more than 31 billion VND in employee costs in the past year. Thus, this company paid each employee nearly 1 billion VND in the past year.
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