C$ unless otherwise
stated
Innovative total return strategies designed to complement a
traditional bond portfolio
TORONTO, May 14, 2024
/CNW/ - Manulife Investment Management (Manulife IM) announced
today that it has launched two new liquid alternative funds:
Manulife Alternative Opportunities Fund and Manulife Strategic
Income Plus Fund. The funds are managed by Manulife Investment
Management's Canadian fixed-income team and global multi-sector
fixed-income team, respectively. The teams manage more than
CAD$54 billion combined in assets
globally.1
The Manulife Alternative Opportunities Fund aims to generate
attractive long-term total returns through income and capital
appreciation while mitigating potential volatility through hedging
strategies. The Canadian fixed-income team applies their expertise
in North American fixed income to deliver a tactical bond solution
that may provide higher yields with potentially less volatility
than a typical bond fund. The fund is managed by Roshan Thiru, CFA, Altaf
Nanji, CFA, Sivan Nair, CFA, and Jonathan Crescenzi, CFA, who have more than 85
years of combined industry experience.
"Our focus is on managing the risks and opportunities associated
with a typical bond portfolio through the use of interest rate
futures, credit default swaps, options and synthetic leverage,"
said Roshan Thiru, head of Canadian
fixed income. "While we have historically used these tools for risk
mitigation purposes, the ability to add exposure synthetically
gives us added flexibility to drive returns in an increasingly
volatile investment landscape."
The Manulife Strategic Income Plus Fund seeks to maximize total
return through income generation and capital appreciation. The
global multi-sector fixed-income team will leverage its deep
knowledge and experience in the global fixed-income market and the
increased adaptability with this strategy to deliver a global bond
solution that provides potentially higher yields than a typical
bond fund, while also actively managing duration and currency
exposure. Manulife Strategic Income Plus Fund is managed by
Christopher Chapman, CFA,
Kisoo Park, Thomas C. Goggins, Bradley Lutz, CFA, and Charles Tomes who have more than 140 years of
combined industry experience.
"In addition to the fund's dynamic sector allocation and global
outlook, the increased derivatives flexibility and leverage
capability brings further levers and resilience to the Strategic
Income Plus portfolio," said Christopher
Chapman, head of global multi-sector fixed income. "With
this nimble approach, the fund could be a new source of potential
alpha for clients who may be interested in diversifying their
fixed-income exposure."
"We're excited to launch these strategies and leverage the
experience of these two well-established teams to expand our
capabilities in liquid alternative income solutions. Manulife
Investment Management has a legacy of fixed income and alternatives
investing and is well-positioned to grow its existing line-up and
bring these strategies to investors who may be interested in
complementary approaches to their existing portfolio allocation,"
concluded Jordy Chilcott, head of
retail intermediary distribution, Canada, Manulife Investment Management.
Commissions, trailing commissions, management fees and
expenses all may be associated with mutual fund investments. Please
read the prospectus before investing. Mutual funds are not
guaranteed, their values change frequently, and past performance
may not be repeated.
Manulife Alternative Mutual Funds have the ability to invest
in asset classes or use investment strategies that are not
permitted for conventional mutual funds. The specific strategies
that differentiate these alternative mutual funds from conventional
mutual funds may include the increased use of derivatives for
hedging and non-hedging purposes, the increased ability to sell
securities short and the ability to borrow cash to use for
investment purposes. If undertaken, these strategies will be used
in accordance with the Funds' objectives and strategies, and during
certain market conditions, may accelerate the pace at which the
Funds decrease in value.
Manulife Funds are managed by Manulife Investment Management
Limited. Manulife Investment Management is a trade name of Manulife
Investment Management Limited.
Manulife, Manulife Investment Management, Stylized M Design,
and Manulife Investment Management & Stylized M Design are
trademarks of The Manufacturers Life Insurance Company and are used
by it, and by its affiliates under license.
About Manulife Investment Management
Manulife
Investment Management is the brand for the global wealth and asset
management segment of Manulife Financial Corporation. Our mission
is to make decisions easier and lives better by empowering
investors for a better tomorrow. Serving more than 17 million
individuals, institutions, and retirement plan members, we believe
our global reach, complementary businesses, and the strength of our
parent company position us to help investors capitalize on today's
emerging global trends. We provide our clients access to public and
private investment solutions across equities, fixed income,
multi-asset, alternative, and sustainability-linked strategies,
such as natural capital, to help them make more informed financial
decisions and achieve their investment objectives. Not all
offerings are available in all jurisdictions. For additional
information, please visit manulifeim.com.
SOURCE Manulife Investment Management