TSX/NYSE/PSE: MFC SEHK: 945
BOSTON, Dec. 15, 2021 /PRNewswire/ - John Hancock
Investment Management LLC, a company of Manulife Investment
Management, today announced the availability of John Hancock
Preferred Income ETF (ticker: JHPI). The exchange-traded fund (ETF)
is subadvised by Manulife Investment Management (US) LLC, John
Hancock Investment Management's affiliated asset manager.
JHPI is an actively managed ETF that seeks to provide a high
level of current income, consistent with preservation of capital,
by investing at least 80% of its net assets in preferred stocks and
other preferred securities. The manager focuses on sector
allocation, industry allocation and security selection in making
investment decisions and looks to invest in securities that may be
undervalued relative to similar securities in the marketplace.
The ETF is managed by Joseph H.
Bozoyan, CFA, and Bradley L.
Lutz, CFA, portfolio managers, Manulife Investment
Management. The team manages more than $5
billion in preferred and other income generating
strategies.*
"We're excited to launch our first ETF focused on preferred
securities," said Andrew G. Arnott,
CEO, John Hancock Investment Management and head of wealth and
asset management, Manulife Investment Management, United States and Europe. "Manulife Investment Management has
been managing preferred strategies for nearly 20 years in our
closed end funds and is one of the largest preferred managers in
the world. We are pleased to make John Hancock Preferred Income ETF
available to investors who may want to use the ETF structure to
access this asset class."
"There is demand in the market to diversify sources of income.
Preferred securities may provide more favorable yields with less
interest-rate sensitivity than traditional bonds," added
Steven L. Deroian, co-head of retail
product, John Hancock Investment Management. "We see JHPI providing
a new opportunity for investors and asset allocators who may be
interested in diversifying their income sources and return
characteristics."
John Hancock Investment Management launched its first ETFs more
than six years ago. With this announcement, the firm's ETF offering
has grown to 18 ETFs with nearly $5
billion in assets under management as of September 30, 2021, including preferred income,
mortgage-back securities, corporate bond, U.S. and international
equity portfolios, and a range of sector-specific products.
|
* Manulife Investment Management internal
data as of 9/30/2021
|
About John Hancock Investment Management
A company of
Manulife Investment Management, we serve investors through a unique
multimanager approach, complementing our extensive in-house
capabilities with an unrivaled network of specialized asset
managers, backed by some of the most rigorous investment oversight
in the industry. The result is a diverse lineup of time-tested
investments from a premier asset manager with a heritage of
financial stewardship.
About Manulife Investment Management
Manulife
Investment Management is the global brand for the global wealth and
asset management segment of Manulife Financial Corporation. We draw
on more than a century of financial stewardship and the full
resources of our parent company to serve individuals, institutions,
and retirement plan members worldwide. Headquartered in
Toronto, our leading capabilities
in public and private markets are strengthened by an investment
footprint that spans 18 geographies. We complement these
capabilities by providing access to a network of unaffiliated asset
managers from around the world. We're committed to investing
responsibly across our businesses. We develop innovative global
frameworks for sustainable investing, collaboratively engage with
companies in our securities portfolios, and maintain a high
standard of stewardship where we own and operate assets, and we
believe in supporting financial well-being through our workplace
retirement plans. Today, plan sponsors around the world rely on our
retirement plan administration and investment expertise to help
their employees plan for, save for, and live a better
retirement.
As of September 30, 2021, Manulife
Investment Management's assets under management and administration,
including assets managed for Manulife's other segments, totaled CAD
$1.1 trillion (US $835 billion). Not all offerings are available in
all jurisdictions. For additional information, please visit
manulifeim.com.
Investors are advised to carefully consider the investment
objectives, risks, charges, and expenses of an ETF before
investing. The prospectus contains this and other important
information about the ETF and should be read carefully before
investing. A copy of the prospectus may be obtained by calling
800-225-6020. Please read the prospectus carefully before
investing.
John Hancock Preferred Income ETF is distributed by Foreside
Fund Services, LLC in the United
States, and is subadvised by our affiliate Manulife
Investment Management (US) LLC. Foreside is not affiliated with
John Hancock Investment Management Distributors LLC or Manulife
Investment Management (US) LLC.
Shares of the ETF are not redeemable with the ETF other than in
creation unit aggregations. Instead, investors must buy or sell the
ETF shares in the secondary market at market price (not NAV)
through a broker-dealer. In doing so, the investor may incur
brokerage commissions and may pay more than net asset value when
buying and may receive less than net asset value when selling.
Investing involves risks, including the potential loss of
principal. There is no guarantee that a fund's investment strategy
will be successful. Fixed-income investments are subject to
interest-rate and credit risk; their value will normally decline as
interest rates rise or if an issuer is unable or unwilling to make
principal or interest payments. Preferred stock dividends are
payable only if declared by the issuer's board. Preferred stock may
be subject to redemption provisions. Investments in
higher-yielding, lower-rated securities involve additional risks as
these securities include a higher risk of default and loss of
principal. REITs may decline in value, just like direct ownership
of real estate. Foreign investing, especially in emerging markets,
has additional risks, such as currency and market volatility and
political and social instability. The use of hedging and
derivatives could produce disproportionate gains or losses and may
increase costs. Shares may trade at a premium or discount to their
NAV in the secondary market. These variations may be greater when
markets are volatile or subject to unusual conditions. Please see
the fund's prospectus for additional risks.
© 2021 John Hancock Investment Management. All rights
reserved.
There is no guarantee that any investment strategy illustrated
will be successful or achieve any particular level of results. This
material is for informational purposes only and is not intended to
be, nor shall it be interpreted or construed as, a recommendation
or providing advice, impartial or otherwise, regarding any
security, mutual fund, ETF, sector, or index. Investors should
consult with their financial professional before making any
investment decisions.
The shares of the ETFs do not represent a deposit or an
obligation of, and are not guaranteed or endorsed by, any bank or
other insured depository institution, and are not federally insured
by the Federal Deposit Insurance Corporation, the Federal Reserve
Board, or any other government agency.
Statements in this press release that are not historical
facts are forward-looking statements as defined by the United States securities laws. You should
exercise caution in interpreting and relying on forward-looking
statements because they are subject to uncertainties and other
factors which are, in some cases, beyond the ETF's control and
could cause actual results to differ materially from those set
forth in the forward-looking statements.
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SOURCE John Hancock Investment Management