Manulife Financial (MFC.TO) has little exposure to the debt crisis in Europe, but the insurer will be on the lookout for acquisition opportunities if hard-hit European financials decide to sell assets, the company's chief executive said on Wednesday. "Thankfully, our exposure (to Europe) is trivial, absolutely trivial on the asset side," Donald Guloien told the Barclays Capital Global Financial Services Conference in New York, monitored via the Internet. "I think that (the crisis) is going to provide a great opportunity for us down the road ... a lot of things will go on sale," he said. Guloien said several European companies have substantial wealth management operations -- particularly in Asia -- that could be attractive to Manulife, which operates insurance and wealth management businesses in Canada, the United States, and Asia.
Shares of MFC traded higher by 0.08% or $0.01/share to $12.27. In the past year, the shares have traded as low as $11.89 and as high as $19.50. On average, 3464970 shares of MFC exchange hands on a given day and today's volume is recorded at 2155326.
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