On Wednesday, John Hancock Funding Administration L
On Wednesday, John Hancock Funding Administration LLC introduced the launch of the John Hancock Company Bond ETF (JHCB). The ETF is the primary mounted revenue ETF suggested by the agency and is sub-advised by Manulife Funding Administration (US) LLC, John Hancock Funding’s affiliated asset supervisor.
The brand new ETF is actively managed and seeks a excessive present revenue degree in line with prudent funding threat. Underneath regular market situations, it invests at the least 80% of its internet belongings (plus any borrowings for funding functions) in company bonds. The ETF is managed by Jeffrey N. Given, CFA, Senior Managing Director and Senior Portfolio Supervisor, and Howard C. Greene, CFA, Senior Managing Director and Senior Portfolio Supervisor, Manulife Funding Administration.
“We’re enthusiastic about our product line growth and thrilled to enter the fixed-income ETF area by providing expanded entry to the funding experience of Howard and Jeff and the fixed-income staff,” stated Andrew G. Arnott, CEO, John Hancock Funding Administration and head of wealth and asset administration, Manulife Funding Administration, United States and Europe. “That is the primary ETF managed by Manulife Funding Administration to be distributed within the U.S. and represents a brand new alternative for traders who’re aware of our fixed-income administration capabilities however choose the ETF wrapper.”
The funding capabilities out there to traders by way of the John Hancock Company Bond ETF relies on the staff’s versatile funding course of.
“We proceed to see demand from ETF traders who would really like further instruments to be extra granular on this surroundings to keep up diversification and handle threat of their portfolios,” added Steven L. Deroian, co-head of retail product, John Hancock Funding Administration. “JHCB offers traders this entry in an actively managed ETF centered on investment-grade company bonds.”
John Hancock Funding Administration LLC has additionally filed a preliminary registration assertion for the launch of two further mounted revenue ETFs: the John Hancock Mortgage Backed Securities ETF and John Hancock Extremely Brief Earnings ETF.
- John Hancock Mortgage Backed Securities ETF will search a excessive degree of present revenue whereas looking for to outperform its benchmark over a market cycle and can make investments at the least 80% of its internet belongings (plus any borrowings for funding functions) in mortgage-backed securities.
- John Hancock Extremely Brief Earnings ETF will search a excessive degree of present revenue in line with the upkeep of liquidity and capital preservation. The ETF’s common weighted length can be below one 12 months. There isn’t any restrict on common maturity.
A staff may even handle each ETFs at Manulife Funding Administration, together with Jeffrey Given and Howard Greene, and David A. Bees, CFA, Managing Director and Portfolio Supervisor and Peter M. Farley, CFA, Managing Director and Senior Portfolio Supervisor.
John Hancock Funding Administration launched its first ETFs greater than 5 years in the past. With this announcement, the agency’s ETF arm has grown to 16 ETFs with greater than $4.5 billion in belongings below administration, together with company bonds, U.S. and worldwide fairness portfolios, and a variety of sector-specific merchandise.
For extra info, go to www.jhinvestments.com.
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