Tariq Ahmad, head of Asia Pacific at Franklin Templeton, said buying out its China partner was one of the options on the table.
Below-trend GDP and the uneven effects across sectors and geographies have complicated matters for investors.
Rising interest rates and a weakening US dollar will benefit emerging market assets, especially in Asia, Manulife said.
Despite the sudden surge in approvals for foreign-owned mutual funds, global asset managers struggle to gain much traction in China.
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The move is meant to enhance its real estate private equity investment business in Asia.
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Manulife sees value in ESG-themed investment grade fixed income.
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