TORONTO, Aug. 5, 2014 /CNW/ - Manulife Investments today announced the addition of three mutual funds to its global fund lineup: Manulife Global Dividend Fund, Manulife Global Dividend Class and Manulife Global Strategic Balanced Yield Fund.
"Global equity and fixed income exposure are important diversification tools for Canadian investors" said Paul Lorentz, Executive Vice President, Retail Markets. "Equally important is the seasoned management of those investments by a team of professionals with expertise in these markets."
Manulife Global Dividend Fund and Manulife Global Dividend Class invest primarily in a diversified portfolio of high quality dividend paying global equities. The Fund's mandate is unconstrained, allowing the portfolio managers to invest in the most attractive investment opportunities throughout the world.
Portfolio Managers Paul Boyne (27 years of industry experience) and Doug McGraw (19 years of industry experience) of Manulife Asset Management, have a strong track record managing global equity products and use a proactive bottom-up stock-by-stock research process selecting strong value and growth companies. The Fund's goal is to provide a yield premium over the MSCI World Index by focusing on companies that compound cash flows and grow earnings, resulting in dividend growth.
Manulife Global Strategic Balanced Yield Fund invests in high quality, undervalued global dividend stocks as well as a diversified portfolio of global fixed income securities. The Fund invests across the spectrum of fixed income securities of global issuers of any quality and term. The fixed income component has maximum flexibility to tactically reposition holdings at different points in the credit cycle to mitigate downside risk and capitalize on opportunities.
Portfolio Managers for the Manulife Global Strategic Balanced Yield Fund are Paul Boyne and Doug McGraw who will manage the equity portion of the Fund and John Addeo (over 20 years of industry experience), Dennis McCafferty (over 17 years of industry experience), Endre Pedersen (over 13 years of industry experience) and Daniel S. Janis III (29 years of industry experience) of Manulife Asset Management, who will manage the fixed income portion of the Fund.
"Our mandate is to provide advisors and investors with the tools they need to build a diversified portfolio" said Derek Saliba, Assistant Vice President, Mutual Funds, Manulife. "In 2013, Manulife Asset Management hired Paul and Doug, seasoned global equity managers out of London with an excellent track record of managing income-oriented global equities and providing downside protection. They join John, Dennis, Endre and Dan, to lead this new Global Balanced Fund with a mandate to deliver a diversified global portfolio."
About Manulife Investments
Manulife Investments, 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 Investments 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 and private asset classes, as well as asset allocation solutions. As at March 31, 2014, assets under management for Manulife Asset Management were C$298 billion (US$269 billion).
Manulife Asset Management's public markets units have investment expertise across a broad range of asset classes including public equity and fixed income, and asset allocation strategies. Offices with full investment capabilities are located in the United States, Canada, the United Kingdom, Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the Philippines. In addition, Manulife Asset Management has a joint venture asset management business in China, Manulife TEDA. The public markets units of Manulife Asset Management also provide investment management services to affiliates' retail clients through product offerings of Manulife and John Hancock. John Hancock Asset Management and Declaration Management and Research are units of Manulife Asset Management.
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. 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 and its subsidiaries were approximately C$635 billion (US$574 billion) as at March 31, 2014. Our group of companies operates as Manulife 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 can be found on the Internet at manulife.com.
SOURCE: Manulife Financial Corporation
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