TORONTO, Nov. 28, 2014 /CNW/ - Manulife Investments, a division of Manulife Asset Management Limited, today announced that Manulife Monthly High Income Fund has won the 2014 Morningstar Award in the category of "Best Canadian Balanced Fund".
Manulife Monthly High Income Fund, launched in 1997, is managed by veteran portfolio managers Alan Wicks, Jonathan Popper and Conrad Dabiet of Manulife Asset Management. Wicks' Value Equity Team manages over $13 billion in assets for investors and consists of six portfolio managers and two investment analysts.
"We have an investment process which has demonstrated consistent results since the Fund's inception" said Wicks, Senior Managing Director and Senior Portfolio Manager. "This award is the result of a sound investment process and a lot of hard work and collaboration in the interest of delivering on investor expectations."
"Manulife Monthly High Income Fund is a great example of an investment strategy which delivers on its objective and has done so for 17 years" said Derek Saliba, Assistant Vice President and Head of Mutual Funds Product. "We've recently extended the 'Monthly High Income' approach to the U.S. market with Manulife U.S. Monthly High Income Fund, led by Alan and his team. This Fund applies the same award-winning investment philosophy to the much broader and far more diverse U.S. market."
In addition to this Award, Manulife Investments was also nominated by Morningstar for its Global Infrastructure Fund in the "Best Specialty Equity Fund" category.
"Brookfield Investment Management Inc. has tremendous listed infrastructure capabilities which we offer to Canadian investors" said Saliba. "The infrastructure asset class has very attractive diversification and income generation characteristics which can be a great component of an investor's portfolio."
Mawer Investment Management Ltd., a key sub-advisor of Manulife Investments, also won several fund awards in their respective categories.
The Morningstar Awards are designed to help investors identify Canada's most exceptional funds of the year. The awards are based on a combination of quantitative and qualitative considerations including absolute and relative performance, risk/return profile, style consistency, tax efficiency, price, and investment objective/product structure and capacity constraints. For more information about the Morningstar Awards, please visit www.investmentawards.com.
For more information on the Manulife Monthly High Income Fund and Manulife Global Infrastructure Fund, please visit manulifemutualfunds.ca or contact Manulife Investments at the following telephone numbers:
About Manulife Investments
Manulife Investments, a division of Manulife Asset Management Limited, builds on 125 years of Manulife's wealth and investment management expertise in managing assets for Canadian investors. As one of Canada's leading integrated financial services providers, Manulife Investments offers a variety of products and services including segregated fund contracts, mutual funds, annuities and guaranteed interest contracts.
About Manulife Asset Management
Manulife Asset Management is the global asset management arm of Manulife, 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 and private asset classes, as well as asset allocation solutions. As at September 30, 2014, assets under management for Manulife Asset Management were approximately C$309.0 Billion (US$275.7Billion). Additional information about Manulife Asset Management may be found at ManulifeAM.com.
Manulife is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. We operate as John Hancock in the U.S. and as Manulife in other parts of the world. We provide strong, reliable, trustworthy and forward-thinking solutions for our customers' 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 and its subsidiaries were approximately C$663 billion (US$591 billion) as at September 30, 2014.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife can be found on the Internet at manulife.com
SOURCE: Manulife Financial Corporation
For further information: Media contact: Bev MacLean, Manulife, 416-852-8501, [email protected]