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BOSTON, Dec. 18,
2024 /PRNewswire/ - John Hancock Investment
Management, a company of Manulife Wealth and Asset Management,
announced today that it has launched John Hancock Core Bond ETF and
John Hancock Core Plus Bond ETF. The new ETFs are actively managed
and subadvised by Manulife Investment Management (US) LLC, John
Hancock Investment Management's affiliated asset manager.
"We're excited to expand our active ETFs and leverage the
expertise of the Manulife IM (US) team. They will apply a similar
investment process and philosophy to these ETFs as they do with
their other strategies," said Kristie
Feinberg, President and CEO of John Hancock Investment
Management. "We believe investors are still seeking diverse income
sources and will continue to find ways to mitigate potential
volatility and prepare for interest rate changes in the coming
year."
The investment objective of John Hancock Core Bond ETF (NYSE
Arca: JHCR) is to seek a high level of current income
consistent with preservation of capital and maintenance of
liquidity. The investment objective of John Hancock Core Plus Bond
ETF (NYSE Arca: JHCP) is to seek a high level of current income
consistent with prudent investment risk. Both ETFs are managed
by the U.S. Core and Core-Plus Fixed Income team. The team includes
Jeffrey N. Given, CFA, Howard C. Greene, CFA, co-heads of the U.S. Core
and Core-Plus team, Connor Minnaar,
CFA, and Pranay Sonalkar, CFA. The
portfolio managers have nearly 50 years of combined experience
managing U.S. core and core-plus strategies at Manulife Investment
Management.
"We are optimistic about many of the dynamics that will impact
investor portfolios this coming year," said Jeff Given. "Inflation has cooled materially,
and a more balanced labor market should also dampen inflationary
momentum to ease investors' concerns into 2025, however we believe
bottom-up security analysis during any market cycle will help to
position and provide a framework to identify portfolio leaders and
laggards and these strategies are built to identify these
opportunities in pursuit of income."
With this announcement, John Hancock Investment Management's
ETFs total 16 funds, with over $7.3
billion in assets under management1, including
preferred income, mortgage-backed securities, core and core-plus
bond, corporate bond, municipal bond, and U.S. and international
equity portfolios.
|
1
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.Bloomberg as of
12/12/2024.
|
Core Bond ETF
Investing involves risks, including the potential loss of
principal. There is no guarantee that a fund's investment strategy
will be successful. It's possible that an active trading market for
fund shares will not develop, which may hurt your ability to buy or
sell fund shares, particularly in times of market stress. Trading
securities actively can increase transactions costs, therefore
lowering performance and taxable distributions. 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.
Mortgage- and asset-backed securities may be sensitive to changes
in interest rates, and may be subject to early repayment and the
market's perception of issuer creditworthiness. Liquidity—the
extent to which a security may be sold or a derivative position
closed without negatively affecting its market value, if at all—may
be impaired by reduced trading volume, heightened volatility,
rising interest rates, and other market conditions. The use of
hedging and derivatives could produce disproportionate gains or
losses and may increase costs. Fund distributions generally depend
on income from underlying investments and may vary or cease
altogether in the future. Shares may trade at a premium or discount
to their NAV in the secondary market. These variations may be
greater when markets are volatile or subject to unusual conditions.
Please see the fund's prospectus for additional risks.
Core Bond Plus ETF
Investing involves risks, including the potential loss of
principal. There is no guarantee that a fund's investment strategy
will be successful. It's possible that an active trading market for
fund shares will not develop, which may hurt your ability to buy or
sell fund shares, particularly in times of market stress. Trading
securities actively can increase transactions costs, therefore
lowering performance and taxable distributions. 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.
Investments in higher-yielding, lower-rated securities include a
higher risk of default. Foreign investing, especially in emerging
markets, has additional risks, such as currency and market
volatility and political and social instability. Mortgage- and
asset-backed securities may be sensitive to changes in interest
rates, and may be subject to early repayment and the market's
perception of issuer creditworthiness. Liquidity—the extent to
which a security may be sold or a derivative position closed
without negatively affecting its market value, if at all—may be
impaired by reduced trading volume, heightened volatility, rising
interest rates, and other market conditions. The use of hedging and
derivatives could produce disproportionate gains or losses and may
increase costs. Fund distributions generally depend on income from
underlying investments and may vary or cease altogether in the
future. Shares may trade at a premium or discount to their NAV in
the secondary market. These variations may be greater when markets
are volatile or subject to unusual conditions. Please see the
fund's prospectus for additional risks.
Request a prospectus or summary prospectus from your
financial professional, by visiting jhinvestments.com/etf, or by
calling us at 800-225-5291. The prospectus and summary
prospectus include investment objectives, risks, fees, expenses,
and other information about the fund that you should consider
carefully before investing. Please read the prospectus
and summary prospectus carefully before investing.
This press release is not an offer to sell these securities
and is not soliciting an offer to buy these securities in any state
where the offer or sale is not permitted.
John Hancock ETFs are distributed by Foreside Fund Services, LLC
in the United States, and are
subadvised by Boston Partners, Dimensional Fund Advisors LP,
Marathon Asset Management, or our affiliate Manulife Investment
Management (US) LLC. Foreside is not affiliated with John Hancock
Investment Management Distributors LLC, Manulife Investment
Management (US) LLC, Boston Partners, Dimensional Fund Advisors LP,
or Marathon Asset Management
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.
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.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED
BY ANY GOVERNMENT AGENCY.
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 Wealth & Asset Management
As part of Manulife Financial Corporation, Manulife Wealth &
Asset Management provides global investment, financial advice, and
retirement plan services to 19 million individuals, institutions,
and retirement plan members worldwide. Our mission is to make
decisions easier and lives better by empowering people today to
invest for a better tomorrow. As a committed partner to our clients
and as a responsible steward of investor capital, we offer a
heritage of risk management, deep expertise across public and
private markets, and comprehensive retirement plan services. We
seek to provide better investment and impact outcomes and to help
people confidently save and invest for a more secure financial
future. Not all offerings are available in all jurisdictions. For
additional information, please visit manulifeim.com.
Manulife, Manulife Investment Management, Stylized M Design, and
Manulife Investment Management & Stylized M Design are
trademarks of The Manufacturers Life Insurance Company and are used
by it, and by its affiliates under license.
JHS-657943-2024-12-17 12/24
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SOURCE John Hancock Investment Management