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Mutual funds

Manulife launches four mutual funds


Manulife Mutual Funds is launching four new mutual funds: the Manulife Global Balanced Fund; the Manulife US Dollar Floating Rate Income Fund; the Manulife Canadian Conservative Balanced Fund; and the Manulife Preferred Income Class.

Manulife Global Balanced Fund is managed by Greg Peterson, director and senior portfolio manager, Jim Hall, chief investment officer and Paul Moroz, deputy chief investment officer of Mawer Investment Management.
On the equity side, the portfolio managers adopt a bottom-up brick-by-brick investment approach to identify wealth-creating companies that they believe have solid management teams but are trading at a discount to their intrinsic values. These equities are combined with global and Canadian fixed income exposure, which will be a minimum of 30 per cent of the fund. The fund is suitable for investors seeking a diversified approach to global equity and fixed income investing.
"Mawer has more than 25 years’ experience managing global equities, and we are pleased to offer advisors and their clients access to Mawer’s core global equity strategy combined with a diversified portfolio of fixed income securities," says Saliba. "This may be an attractive way for investors to access the global equity markets with less volatility."
The new Manulife US Dollar Floating Rate Income Fund is a US dollar denominated version of the Manulife Floating Rate Income Fund, managed by Dennis McCafferty, managing director and portfolio manager, Manulife Asset Management (US). Supporting McCafferty on the fund are Joseph Rizzo, managing director and head trader, Manager Manulife Asset Management (US), and John Addeo, managing director and portfolio manager, Manulife Asset Management (US). The fund generates US dollar income through investment in short duration, senior bank loans that periodically adjust their income as interest rates rise. This fund is suitable for investors who wish to gain exposure to this asset class by investing their US dollars without risk of US dollar exchange rate fluctuations. Manulife Asset Management (US) manages more than USD1.5bn in bank loans across multiple mandates and uses top-down screening methods to identify opportunities in particular industries, and rigorous bottom-up credit research within the context of the business cycle to add value on a security-by-security basis.
Manulife Canadian Conservative Balanced Fund seeks to generate income and capital appreciation primarily through exposure to a diversified portfolio of Canadian fixed income and equity securities. The fund primarily invests in Canadian corporate bonds and dividend paying equities, but also provides diversification by credit quality and moderate exposure to US equities. The lead portfolio manager on the fixed income portion of the fund is Terry Carr, Senior managing director and head of Canadian fixed income, Manulife Asset Management. Jonathan Popper, managing director and portfolio manager, Alan Wicks, senior managing director and senior portfolio manager, and Conrad Dabiet, managing director and portfolio manager, Manulife Asset Management, manage the equity portion of the fund. This is the same combination of experienced teams that manages Manulife Monthly High Income Fund/Class and Manulife Yield Opportunities Fund/Class. This fund has a conservative target asset allocation of 30 per cent equities and 70 per cent fixed income. Additionally, the fund’s exposure to a broad range of yield-oriented securities makes it very suitable for investors that desire income with the potential for capital growth.
The new Manulife Preferred Income Class seeks to generate steady income and achieve capital appreciation by investing primarily in preferred shares, royalty and income trusts, and fixed income securities of Canadian companies, within the tax deferred corporate class structure. The fund is managed by Randy Le Clair, managing director and senior fixed income strategist, Manulife Asset Management. He has more than 25 years of experience in fixed income markets and has covered preferred shares since 1990.
Managing this strategy, Le Clair actively manages credit and interest rate risk by tactically shifting between types of preferred shares throughout the market cycle. In addition, the preferred shares produce dividend income; this is one of the most tax-efficient forms of income for non-registered investors to receive from their investments and a great way to boost total returns after tax.

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