Investment Q&A

MFC has historically had the highest volatility level, while GWO has the lowest volatility levels. 

SLF has been one of the weaker names of the group recently, but we continue to like SLF for its asset management business. MFC does have a strong Asian market growth engine right now, and GWO is positioned well in the US retirement space. SLF outperformed MFC for years up until the last couple of years, and SLF also saw nice relative strength to GWO from 2011 to 2020. We think all names can perform well, and in any given year one name might have its relative strengths or weaknesses. We think SLF can see its asset management business offset other weaknesses and eventually show outperformance against GWO and MFC. But, largely, we think all three names can perform similarly over the years.