The fund house is already present in 10 markets in Asia. The next step is expanding its reach in those markets, plus looking at opportunities in Korea and India.
Melinda Wiria assumes the newly created role at Manulife Aset Manajemen Indonesia with the task of driving business development and overseeing client servicing.
The fund house favours these sectors: banking, rail construction, cement, steel, oil refining, automakers and internet-related companies.
Within the region, he also adds exposure to technology, financials, and property stocks, while reducing holdings in select consumer staples and telecoms.
The Institutional Class Greater China Opportunities Fund is the first in a series of institutional funds from MFC Global that invests in Asia.
The four new hires boost MFC Global's relatively lean team in Asia and reflect the growing importance of the region to the fund house.
Investment Outlook Series: Tahnoon Pasha, head of investments for equities at MFC Global Investment Management, says many stocks now offer good dividend yields compared to cash rates.