#337 | Protection UL 22 and The Allure of Alts

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Quick Take Since 2011, John Hancock has successfully sold Protection UL as an ultra-cheap protection product fueled by a diversified portfolio of alternative long-duration assets, or ALDAs in Manulife's parlance. However, the impact of the ALDA returns on Protection UL was obfuscated by the highly complex nature of the product. No longer. The new Protection […]