Segregated Fund


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Segregated Fund

An investment company in Canada that has features of a life insurance policy and a mutual fund. The investment company sells life insurance to policyholders, who have rights to all benefits, just like any other life insurance policy. It then uses the proceeds to buy securities, which it packages and sells as shares in a mutual fund. The two aspects of a segregated fund must be kept separate from each other, except in the manner described above.
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The notes are being issued to partially fund the county's 2005 Revolving Fund, which is a separate segregated fund established within the county's Delinquent Tax Revolving Fund (DTRF).
As a result of the sharp declines in equity markets, balance sheet reserves for segregated fund guarantees were increased to $5,783 million as at December 31, 2008 compared with $526 million at the prior year end.
The rating affirmation of TLC reflects its profitable operations, favorable market position in the Canadian segregated fund and universal life market and its very adequate capitalization.
The pro forma MCCSR after reflecting the new financing, the latest capital requirements for segregated fund guarantees, and market movements since September 30th is estimated at a very robust 225 per cent, which is well above the Company's target range of 180 to 200 per cent.
Individual Wealth Management continued to generate strong sales momentum, with segregated fund sales exceeding $1.
This increase in turn was a consequence of the 53% increase in individual insurance sales and the 95% increase in segregated fund sales relative to the first quarter of 2004, coupled with a temporary enhanced commission promotion on segregated fund products.
Individual Wealth Management (IWM) ranked #1 in segregated fund sales in 2007(2), reflecting the success of IncomePlus, our guaranteed minimum withdrawal benefit product introduced in 2006.
The notes are being issued to partially fund the county's 2004 Revolving Fund, which is a separate segregated fund established within the county's Delinquent Tax Revolving Fund (DTRF).
This quarter's results were also dampened by an increase in segregated fund guarantee reserves.
As one of Canada's leading integrated financial services providers, Manulife Investments offers a variety of products and services including segregated fund contracts, mutual funds, annuities and guaranteed interest contracts.
Manulife Investments, a division of Manulife Asset Management Limited - the global asset management arm of Manulife Financial Corporation (NYSE: MFC), is one of Canada's leading integrated financial services providing a variety of products and services including segregated fund contracts, mutual funds, annuities and guaranteed interest contracts.
Its asset management capabilities include creating segregated fund vehicles tailored to client's investment needs.