New funds help investors access the U.S. market, including Manulife U.S.
Monthly High Income Fund
TSX/NYSE/PSE: MFC
SEHK:945
TORONTO, Jan. 7, 2014 /CNW/ - On December 24, 2013, Manulife Mutual
Funds launched the following five new funds:
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Manulife U.S. Monthly High Income Fund
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Manulife U.S. Dividend Class
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Manulife U.S. Dividend Registered Fund
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Manulife U.S. Dollar U.S. All Cap Equity Fund
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Manulife U.S. Dollar Strategic Balanced Yield Fund
These new funds expand the U.S. equity and balanced fund offering from
Manulife Mutual Funds, and capitalize on its asset management expertise
in Canada and the U.S. The portfolio advisor for all five funds is
Manulife Asset Management Limited.
"The U.S. market currently offers solid investment opportunities for
investors who are looking for growth potential and income in their
portfolios," said Derek Saliba, Assistant Vice President, Manulife
Mutual Funds. "The launch of these five new funds serves to strengthen
Manulife Mutual Funds' position as a leading provider of U.S.-based
investment opportunities."
Key Highlights
The Manulife U.S. Monthly High Income Fund seeks to provide a combination of income and capital appreciation by
investing primarily in a diversified portfolio of U.S. dividend paying
and other equity securities, as well as fixed income securities. The
fund is managed by Alan Wicks, Jonathan Popper, Conrad Dabiet, Howard
Greene, Jeffrey Given and Konstantin Kizunov of Manulife Asset
Management Limited and Manulife Asset Management (US) LLC.
"We are thrilled to extend the approach of our Manulife Monthly High
Income Fund to the U.S. equity and fixed income markets through the new
Manulife U.S. Monthly High Income Fund," said Mr. Saliba. "Alan Wicks
and the team are experienced not only managing equity income
strategies, but also investing in the U.S. We are combining this
expertise with that of Howard Greene, Jeffrey Given and Konstantin
Kizunov on the fixed income side. These fixed income managers have
demonstrated an ability to generate strong performance throughout
market cycles."
The Manulife U.S. Dividend Class seeks to provide long-term capital appreciation by investing primarily
in a portfolio of U.S. dividend paying stocks and other equity
securities. It is managed by Walter McCormick and Sandy Sanders of
Manulife Asset Management (US) LLC.
The Manulife U.S. Dividend Registered Fund seeks to provide long-term capital appreciation by investing primarily
in a portfolio of U.S. dividend paying stocks and other equity
securities. This fund is offered only to certain registered plans with
qualified planholders. Unlike some other Canadian mutual funds that are
generally subject to a 15 per cent U.S. withholding tax on dividends
received from U.S. companies, the Manulife U.S. Dividend Registered
Fund aims to qualify for an exemption from this tax. The fund is
managed by Walter McCormick and Sandy Sanders of Manulife Asset
Management (US) LLC.
The Manulife U.S. Dollar U.S. All Cap Equity Fund seeks to provide long-term capital appreciation in U.S. dollars by
investing primarily in equity securities of U.S. companies of all
sizes. This U.S. dollar denominated fund is modeled after the Manulife U.S. All Cap Equity Fund with a similar
investment objective and strategy. The fund is managed by Sandy Sanders
and Walter McCormick of Manulife Asset Management (US) LLC. With the
launch of the Manulife U.S. Dollar U.S. All Cap Equity Fund, the U.S.
dollar purchase option of the Manulife U.S. All Cap Equity Fund has
been closed to new purchases (buys and switch-ins) effective December
20, 2013.
The Manulife U.S. Dollar Strategic Balanced Yield Fund seeks to provide a combination of income and capital appreciation in
U.S. dollars by investing primarily in a diversified portfolio of
dividend paying equity securities and fixed income securities. This
U.S. dollar denominated fund is modeled after the Manulife Strategic
Balanced Yield Fund with a similar investment objective and strategy. The fund is managed by
a team of experienced U.S. equity portfolio managers and global
multi-sector fixed income managers from Manulife Asset Management (US)
LLC and Manulife Asset Management (Hong Kong) Limited. With the launch
of the Manulife U.S. Dollar Strategic Balanced Yield Fund, the U.S.
dollar purchase option of the Manulife Strategic Balanced Yield Fund
has been closed to new purchases (buys and switch-ins) effective
December 20, 2013.
Available Series
With the exception of the Manulife U.S. Dividend Registered Fund, the
new funds are offered for sale in Advisor Series, Series F, Series FT,
Series I, Series IT and Series T securities. The Manulife U.S. Dividend
Registered Fund is offered for sale in Advisor Series, Series F and
Series I securities only. The Manulife U.S. Monthly High Income Fund,
the Manulife U.S. Dividend Class and the Manulife U.S. Dividend
Registered Fund may be purchased in both Canadian and U.S. dollars,
while the Manulife U.S. Dollar U.S. All Cap Equity Fund and the
Manulife U.S. Dollar Strategic Balanced Yield Fund may only be
purchased in U.S. dollars.
For more information, contact your advisor or Manulife Customer Service
at 1-888-588-7999.
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 Asset Management
Manulife Asset Management is the global asset management arm of Manulife
Financial, providing comprehensive asset management solutions for
institutional investors and investment funds in key markets around the
world. This investment expertise extends across a broad range of
public, private, and alternative asset classes, as well as asset
allocation solutions. As at September 30, 2013, assets under management
for Manulife Asset Management were C$265 billion (US $258 billion).
Additional information about Manulife Asset Management may be found at ManulifeAM.com.
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$575 billion (US$559
billion) as at September 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
