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Manulife Financial CEO Donald Guloien
Manulife Financial CEO Donald Guloien
(ADRIEN VECZAN/REUTERS)

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Manulife caters to investor demand for yield

Manulife Financial Corp. issued preferred shares Tuesday in a bid to shore up its balance sheet while tapping demand for yield.

In the last quarter, chief executive Donald Guloien said the company was comfortable with its capital ratio. Thanks to moves like hedging, Manulife significantly reduced its susceptibility to market volatility and strengthened its reserves.