TSX/NYSE/PSE: MFC SEHK:
945
BOSTON, Sept. 28,
2022 /PRNewswire/ - John Hancock Investment
Management, a company of Manulife Investment Management, announced
today that it has launched John Hancock U.S. High Dividend ETF
(NYSE: JHDV). The ETF is actively managed and subadvised by
Manulife Investment Management (US) LLC, John Hancock Investment
Management's affiliated asset manager.
The investment objective of JHDV is to seek a high level of
current income with long-term growth of capital as a secondary
objective. Under normal market conditions, the fund invests at
least 80% of its net assets (plus any borrowings for investment
purposes) in dividend-paying U.S. large- and mid-cap equity
securities. These dividend-paying U.S. large- and mid-cap equity
securities are incorporated in, or have their primary listing in,
the United States.
"Manulife Investment Management has provided sophisticated
access to income opportunities for more than 25 years,"
said Andrew G. Arnott, CEO, John Hancock Investment
Management, and head of wealth and asset management, Manulife
Investment Management, United States and Europe.
"We're pleased to bring the expertise of the Manulife Investment
Management systematic equity portfolio management team and a new
high dividend ETF to U.S. investors."
The managers of JHDV are Geoffrey
Kelley, CFA, senior portfolio manager, global head of
systematic equity, multi-asset solutions team; Boncana Maiga, CFA,
CIM, managing director and portfolio manager; and Ashikhusein
Shahpurwala, CFA, PRM, managing director and senior portfolio
manager.
"As the economy signals contraction and, in our view, the
outlook for global growth over the next quarters continues to dim,
investors may be considering investment strategies like JHDV to
find diversification and income," added Steve Deroian, co-head of retail product, John
Hancock Investment Management.
With this announcement, John Hancock Investment Management's
ETFs include the multifactor equity suite subadvised by Dimensional
Fund Advisors and the income-focused ETFs subadvised by Manulife
Investment Management.
Investing involves risks, including the potential loss of
principal. There is no guarantee that a fund's investment strategy
will be successful. The fund may cease or reduce the level of its
distribution if income or dividends paid from its investments
declines.
The value of a company's equity securities is subject to
change in the company's financial condition and overall market and
economic conditions. Quantitative models may not accurately predict
future market movements or characteristics, which may negatively
impact performance. The stock prices of midsize companies can
change more frequently and dramatically than those of large
companies. Large company stocks could fall out of favor. Preferred
stock dividends are payable only if declared by the issuer's board.
Preferred stock may be subject to redemption provisions.
Convertible securities generally offer lower interest or
dividend yields than nonconvertible fixed-income securities of
similar credit quality because of the potential for capital
appreciation. The market values of convertible securities tend to
decline as interest rates increase and, conversely, to increase as
interest rates decline. Warrant prices may be more volatile than
the price of the underlying securities and may offer greater
potential for capital appreciation as well as capital loss. Warrant
holders do not have dividends, voting rights, or rights to the
assets of an issuer, and warrants cease to have value if not
exercised prior to the expiration date. REITs may decline in
value, just like direct ownership of real estate. The use of
hedging and derivatives could produce disproportionate gains or
losses and may increase costs. 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 transaction costs,
therefore lowering performance and taxable distributions.
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. A portfolio concentrated in one sector that holds a
limited number of securities may fluctuate more than a more broadly
diversified fund. 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 includes investment
objectives, risks, fees, expenses, and other information that you
should consider 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 Dimensional Fund Advisors LP or our affiliate
Manulife Investment Management (US) LLC. Foreside is not affiliated
with John Hancock Investment Management Distributors LLC, Manulife
Investment Management (US) LLC, or Dimensional Fund Advisors
LP.
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.
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 brand for 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 19 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.
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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/john-hancock-investment-management-announces-the-launch-of-its-us-high-dividend-etf-301635488.html
SOURCE John Hancock Investment Management