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Manulife adds bond fund to management portfolio

2019-10-18 10:16 ET - News Release

An anonymous director reports

JOHN HANCOCK INVESTMENT MANAGEMENT OFFERS NEW FIXED-INCOME SOLUTION SUITE FROM VETERAN MANULIFE INVESTMENT MANAGEMENT TEAM

Manulife Financial Corp., John Hancock Investment Management's affiliated asset manager, has expanded its suite of fixed-income funds managed by the veteran portfolio management team of Howard Greene and Jeffrey Given. The team at Manulife now manages John Hancock Short Duration Bond Fund in addition to its highly rated John Hancock bond and John Hancock Investment Grade Bond funds. A version of the bond and investment-grade bond strategies are also now available as separately managed accounts to give additional flexibility to financial advisers and their clients. Together, Mr. Greene and Mr. Given bring more than 50 years of combined investment experience to overseeing the funds.

"Discipline is key, especially in an uncertain economic environment," said Mr. Greene. "We're staying focused on fundamentals and trying to avoid unnecessary turnover -- we've consistently moved more incrementally than some of our peers."

Mr. Given added: "Over all, our investment process strives to creates a high degree of transparency. We think that's important both in helping to control risk in the portfolio and ultimately in giving investors the kind of ballast they're often looking for in a fixed-income allocation."

John Hancock Bond and Investment Grade Bond funds are both five-star Morningstar-rated funds; that is relative to the 631 funds in the intermediate core-plus bond category and 409 funds in the intermediate core bond category, respectively. John Hancock Short Duration Bond Fund is not yet rated as it began operations on July 16, 2019.

"Investors are concerned about interest rates, tariffs and trade, and how to position their portfolios," said Andrew G. Arnott, president and chief executive officer of John Hancock Investment Management, and head of wealth and asset management, United States and Europe, for Manulife Investment Management. "We're pleased to be able to offer a full suite of fixed-income solutions from a veteran team, so that advisers can build a portfolio custom suited to their clients' particular needs."

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