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BOSTON, Dec. 21,
2022 /PRNewswire/ - John Hancock Investment
Management, a company of Manulife Investment Management, announced
today that it has launched John Hancock International High Dividend
ETF (NYSE: JHID). The new ETF is actively managed and subadvised by
Manulife Investment Management (US) LLC, John Hancock Investment
Management's affiliated asset manager.
The investment objective of JHID is to seek a high level of
current income, with long-term growth of capital as a secondary
objective. Under normal market conditions, the fund invests at
least 80% of its net assets in dividend-paying large- and mid-cap
equity securities of non-U.S. developed-market companies. These
dividend-paying large- and mid-cap equity securities are
incorporated in, or have their primary listing exchange in,
developed markets, excluding the United
States.
"We're pleased to expand our ETF suite, and once again tap the
expertise of our affiliated asset manager, Manulife Investment
Management, and its systematic equity portfolio management team,"
said Steve Deroian, co-head of
retail product, John Hancock Investment Management. "We're aware of
the hurdles investors faced this year with unique market conditions
persisting and overall returns being challenged. We anticipate a
demand for equity income to continue into 2023 and beyond as
investors refocus their portfolios."
The portfolio managers of JHID are Geoff
Kelley, CFA, senior portfolio manager, global head of
strategic asset allocation and systematic equity, multi-asset
solutions team; Boncana Maiga, CFA, CIM, portfolio manager; and
Ashikhusein Shahpurwala, CFA, PRM, managing director and senior
portfolio manager.
"According to Morningstar data, $45
billion has flowed into dividend-focused ETFs over the first
10 months of this year alone," added Jeff
Duckworth, president, U.S. intermediary distribution, John
Hancock Investment Management.* "We're pleased to provide investors
with another potential yield solution that may help them address
their needs for both income and diversification through exposure to
non-U.S. developed-market companies."
With this announcement, John Hancock Investment Management's
ETFs total 10 funds, including the multifactor equity suite
subadvised by Dimensional Fund Advisors and the income-focused ETFs
subadvised by Manulife Investment Management.
*Morningstar data as of 10/31/22
shows dividend-focused ETFs represented by ETFs with Morningstar
objective "equity income."
Investing involves risks, including the potential loss of
principal. There is no guarantee that a fund's investment strategy
will be successful. Foreign investing, especially in
emerging markets, has additional risks, such as currency and market
volatility and political and social instability. The fund may cease
or reduce the level of its distribution if income or dividends paid
from its investments decline. The value of a company's equity
securities is subject to change in the company's financial
condition and overall market and economic conditions. Quantitative
models may not accurately predict future market movements or
characteristics, which may negatively affect performance. The stock
prices of midsize companies can change more frequently and
dramatically than those of large companies, and large company
stocks could fall out of favor. Preferred stock dividends are
payable only if declared by the issuer's board and may be subject
to redemption provisions. Convertible securities generally offer
lower interest or dividend yields than nonconvertible fixed-income
securities of similar credit quality because of the potential for
capital appreciation. The market values of convertible securities
tend to decline as interest rates increase and, conversely, to
increase as interest rates decline. Warrant prices may be more
volatile than the price of the underlying securities and may offer
greater potential for capital appreciation as well as capital loss.
Warrant holders do not have dividends, voting rights, or rights to
the assets of an issuer, and warrants cease to have value if not
exercised prior to the expiration date. REITs may decline in value,
just like direct ownership of real estate. The use of hedging
and derivatives could produce disproportionate gains or losses and
may increase costs. It is possible that an active trading market
for fund shares will not develop, which may hurt your ability to
buy or sell fund shares, particularly in times of market stress.
Trading securities actively can increase transaction costs,
therefore lowering performance and taxable distributions.
Liquidity—the extent to which a security may be sold or a
derivative position closed without negatively affecting its market
value, if at all—may be impaired by reduced trading volume,
heightened volatility, rising interest rates, and other market
conditions. A portfolio concentrated in one sector that holds a
limited number of securities may fluctuate more than a more broadly
diversified fund. Fund distributions generally depend on income
from underlying investments and may vary or cease altogether in the
future. 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. There can be no
assurance that active trading markets for the shares will develop
or be maintained by market makers or authorized participants.
Please see the fund's prospectus for additional risks.
Request a prospectus or summary prospectus from your
financial professional, by visiting jhinvestments.com/etf, or by
calling us at 800-225-5291. The prospectus and summary
prospectus include investment objectives, risks, fees, expenses,
and other information about the fund that you should consider
carefully before investing. Please read the prospectus
and summary prospectus carefully before investing.
This press release is not an offer to sell these securities
and is not soliciting an offer to buy these securities in any state
where the offer or sale is not permitted.
John Hancock ETFs are distributed by Foreside Fund Services, LLC
in the United States, and are
subadvised by Dimensional Fund Advisors LP or our affiliate
Manulife Investment Management (US) LLC. Foreside is not affiliated
with John Hancock Investment Management Distributors LLC, Manulife
Investment Management (US) LLC, or Dimensional Fund Advisors
LP.
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.
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.
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 19
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. Not all offerings are available in all
jurisdictions. For additional information, please
visit manulifeim.com.
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.
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SOURCE John Hancock Investment Management