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BOSTON, December 15, 2021 /PRNewswire/ – John Hancock Investment Management LLC, a Manulife Investment Management company, today announced the availability of the John Hancock Preferred Income ETF (ticker: 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 ETF. structure 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.
*Data internal to Manulife Investment Management as of 09/30/2021
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 unrivaled 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.
Investors are advised to carefully consider an ETF’s investment objectives, risks, charges and expenses 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 can 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 United States, and is sub-advised 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.
ETF shares are not redeemable from the ETF other than as part of aggregates of creative units. Instead, investors must buy or sell ETF shares in the secondary market at market price (not net asset value) through a broker. In doing so, the investor may incur brokerage commissions and may pay more than NAV when buying and may receive less than NAV when selling.
Investing involves risk, including the potential loss of principal. There can be no assurance 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 not payable unless declared by the issuer’s board of directors. Preferred shares may be subject to redemption clauses. Investments in higher yielding, lower rated securities involve additional risks as such securities carry a higher risk of default and loss of principal. REITs can lose value, just like direct ownership of real estate. Foreign investment, particularly in emerging markets, involves additional risks, such as currency and market volatility and political and social instability. The use of hedging and derivative instruments could produce disproportionate gains or losses and increase costs. Shares may trade at a premium or discount to their net asset value in the secondary market. These variations may be greater when the 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 provided for informational purposes only and is not intended to be, nor should it be construed as a recommendation or advice, unbiased or otherwise, regarding any security, mutual fund, ETF, sector or index. Investors should consult their financial professional before making any investment decision.
ETF shares do not represent a deposit or obligation of any bank or other insured deposit-taking institution, and are not guaranteed or endorsed by any bank or other insured deposit-taking institution, and are not insured at federal level by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency.
Statements contained in this press release that are not historical facts are forward-looking statements as defined by United States securities laws. You should exercise caution when interpreting and relying on forward-looking statements, as they are subject to uncertainties and other factors, which in some cases are beyond the ETF’s control and could cause actual results actuals differ materially from those set forth in the forward-looking statements. statements.
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SOURCE John Hancock Investment Management