On Wednesday, John Hancock Investment Management LLC, a Manulife Investment Management company, announced the availability of John Hancock Preferred Income ETF (JHPI). The exchange-traded fund (ETF) is sub-advised by Manulife Investment Management (US) LLC, an asset manager affiliated with John Hancock Investment Management.
JHPI is an actively managed ETF which seeks to provide a high level of current income, consistent with the 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, sector allocation and security selection in making investment decisions and seeks to invest in securities that may be undervalued relative to similar securities in the market.
The ETF is managed by Joseph H. BozoyanCFA and Bradley L. Lutz, CFA, portfolio managers, Manulife Investment Management. The team manages more than $5 billion in Preferred Strategies and Other Income Generating Strategies.*
“We are excited to launch our first ETF focused on preferred securities,” said Andrew G. ArnottCEO, John Hancock Investment Management and Head of Wealth and Asset Management, Manulife Investment Management, United States and Europe. “Manulife Investment Management has managed 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 the John Hancock Preferred Income ETF available to investors who wish to use the Structure ETF to access this asset class.”
“There is a demand in the market to diversify sources of income. Preferred securities can offer more favorable yields with less sensitivity to interest rates than traditional bonds,” added Steven L. Deroian, Co-Head of Retail Products, John Hancock Investment Management. “We see JHPI providing a new opportunity for investors and asset allocators who may be interested in diversifying their income streams and return characteristics.”
John Hancock Investment Management launched its first ETFs more than six years ago. With this announcement, the company’s ETF offering grew to 18 ETFs with nearly $5 billion of assets under management at September 30, 2021including preferred income securities, mortgage securities, corporate bonds, US and international equity portfolios, as well as a range of sector products.
About John Hancock Investment Management
As a Manulife Investment Management company, we serve investors through a unique multi-manager approach, complementing our extensive in-house capabilities with an unparalleled network of specialist asset managers, backed by some of the most rigorous investment oversight in the industry. industry. The result is a diverse range of proven investments from a leading 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 business of Manulife Financial Corporation. We draw on more than a century of financial stewardship and all the resources of our parent company to serve individuals, institutions and pension plan members around the world. Based at Toronto, our industry-leading capabilities in public and private markets are bolstered by an investment footprint that spans 18 geographies. We complement these capabilities by providing access to a network of unaffiliated asset managers around the world. We are committed to investing responsibly in our business. We develop innovative global frameworks for sustainable investing, collaborate 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 pension plans. Today, plan sponsors around the world rely on our expertise in pension plan administration and investment to help their employees plan, save and live a better retirement.
From September 30, 2021Manulife Investment Management’s assets under management and administration, including assets under management for Manulife’s other segments, were totaled in Canadian dollars $1.1 trillion (WE $835 billion). Not all offers are available in all jurisdictions. For more information, please visit manulifeim.com.
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