TSX/NYSE/PSE: MFC SEHK: 945
BOSTON, Aug. 19, 2021 /PRNewswire/ - John Hancock
Investment Management LLC today announced the availability of John
Hancock Mortgage-Backed Securities ETF (ticker: JHMB). The
exchange-traded fund (ETF) is subadvised by Manulife Investment
Management (US) LLC, John Hancock Investment Management's
affiliated asset manager. It is the second actively managed
fixed-income ETF launched by John Hancock Investment Management
this year, following the launch of John Hancock Corporate Bond ETF
(ticker: JHCB) in March 2021.
"We're pleased to bring another ETF from the Manulife Investment
Management fixed-income team to investors," said Andrew G. Arnott, CEO, John Hancock Investment
Management and head of wealth and asset management, Manulife
Investment Management, United
States and Europe. "The
team is highly regarded for its bottom-up sector allocation and
security selection process in making investment decisions, and we
believe this fund is another strong example of their capabilities
for those investors interested in accessing this strategy in an ETF
wrapper."
John Hancock Mortgage-Backed Securities ETF is actively managed
and seeks a high level of current income while seeking to
outperform the benchmark over a market cycle. Under normal market
conditions, the fund invests at least 80% of its net assets (plus
any borrowings for investment purposes) in mortgage-backed
securities. The fund may invest in mortgage-related securities
issued or guaranteed by U.S. governmental entities and privately
issued mortgage-related securities. These may include residential
mortgage-backed securities, commercial mortgage-backed securities,
and to-be-announced mortgage contracts and may be rated investment
grade or below.
The ETF is managed by David A.
Bees, CFA, managing director and portfolio manager,
Peter M. Farley, CFA, managing
director and senior portfolio manager, and Jeffrey N. Given, CFA, and Howard C. Greene, CFA, senior managing directors
and senior portfolio managers, Manulife Investment Management.
"According to SIFMA, the market for mortgage-backed and other
asset-backed securities is large and in demand, and represents over
$12 trillion of the bond market
today, which is larger than the investment-grade and high-yield
corporate bond markets combined," added Steven L. Deroian, co-head of retail product,
John Hancock Investment Management. "We're excited to bring this
new ETF to market in a growing category for asset allocators and
advisors."
John Hancock Investment Management launched its first ETFs more
than five years ago. With this announcement, the firm's ETF
offering has grown to 17 ETFs with nearly $5
billion in assets under management as of June 30, 2021, including mortgage-back
securities, corporate bond, U.S. and international equity
portfolios, and a range of sector-specific products.
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 Corporate Bond ETF and John Hancock Mortgage-Backed
Securities ETF are distributed by Foreside Fund Services, LLC in
the United States. Foreside is not
affiliated with John Hancock Investment Management 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. Mortgage-backed and asset-backed securities are subject
to different combinations of prepayment, extension, interest-rate,
and other market risks. Factors that impact the value of these
securities include interest-rate changes, the reliability of
available information, credit quality or enhancement, and market
perception.
© 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.
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 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 June 30, 2021, Manulife
Investment Management's assets under management and administration,
including assets managed for Manulife's other segments, totaled
CAD$1.0 trillion (US$834 billion). Not all offerings are
available in all jurisdictions. For additional information,
please visit manulifeim.com.
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SOURCE John Hancock Investment Management