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10 year milestone achieved by less than 10 per cent of funds in its peer
category
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Managed by Terry Carr, since inception and co-managed by Richard Kos
since 2009
C$ unless otherwise stated
TSX/NYSE/PSE: MFC
SEHK:945
TORONTO, Sept. 23, 2013 /CNW/ - Manulife Mutual Funds today announced
that its Manulife Corporate Bond Fund (the "Fund") reached its 10 year
anniversary, a milestone achieved by less than 10 per cent of the funds
in the High Yield Fixed Income category.¹ The Fund, launched on August
26, 2003 has been managed since inception by Terry Carr and his team,
and provides investors with a diversified fixed income solution
comprised of both U.S. and Canadian investment grade corporate and high
yield bonds.
"The longevity of Manulife Corporate Bond Fund is a testament to the
design of the strategy, and the execution by the lead portfolio
manager, Terry Carr," said Derek Saliba, Assistant Vice President,
Manulife Mutual Funds. "This Fund was designed to give investors the
opportunity to participate in the upside of high yield bonds while
protecting on the downside with investment grade corporate bonds for
better risk adjusted returns. This strategy has proven to be popular
with investors and has delivered consistent returns, particularly
during a cycle that included a global recession."
Throughout the last 10 years, the Fund's investment strategy has
provided investors with an attractive alternative to the traditional
Canadian bond strategies - GICs, Real Return Bonds and Fixed Income
ETFs. The Fund has had proven returns throughout many market cycles
over the past 10 years - 1yr 4.8%, 3yr 6.0%, 5yr 7.5% and 10yr 5.5%.²
The total net asset value (NAV) of Manulife Corporate Bond Fund is
approximately C$1.1 billion.
"We believe the Fund is an ideal core holding for the fixed income
portion of an investor's portfolio," said Terry Carr, Portfolio Manager
of the Manulife Corporate Bond Fund. "The Fund has gone through a
decade of market cycles and has performed consistently, affirming our
core strategy's approach that we intend to continue with for the next
10 years."
1Source: Morningstar Direct.
2Source: Morningstar. As at August 31, 2013.
About Manulife Mutual Funds
Manulife Mutual Funds, a division of Manulife Asset Management Limited,
builds on 125 years of Manulife Financial's wealth and investment
management expertise in managing assets for Canadian investors, through
a diverse portfolio of forward-thinking mutual fund products. Our
experienced Portfolio Managers offer access to markets in Canada, the
United States and around the world, in a range of investment styles to
help meet individual needs. Manulife Mutual Funds is part of Manulife
Investments, which offers personal wealth management products and
services, such as mutual funds, segregated fund contracts, annuities
and guaranteed interest contracts. For more information, please visit manulifemutualfunds.ca.
About Manulife Financial
Manulife Financial is a leading Canada-based financial services group
with principal operations in Asia, Canada and the United States.
Clients look to Manulife for strong, reliable, trustworthy and
forward-thinking solutions for their most significant financial
decisions. Our international network of employees, agents and
distribution partners offers financial protection and wealth management
products and services to millions of clients. We also provide asset
management services to institutional customers. Funds under management
by Manulife Financial and its subsidiaries were C$567 billion (US$539
billion) as at June 30, 2013. The Company operates as Manulife
Financial in Canada and Asia and primarily as John Hancock in the
United States.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '945' on the SEHK. Manulife Financial can be found on the
Internet at manulife.com.
SOURCE Manulife Financial Corporation
