Manila, Philippines – Manulife Asset Management and Trust Corporation (MAMTC) recently launched the Manulife Global Preferred Income Feeder Fund (the “Fund”), a unit investment trust fund (UITF) that aims to provide investors with the potential for regular income pay-outs and long-term capital growth.
“The Fund aims to maximize total returns by investing all or substantially all of its assets in Manulife Global Fund (MGF) Preferred Securities Income Fund (the “Target Fund”). The Target Fund invests at least 70% of its net assets in preferred securities, including preferred stocks and/or subordinated debt securities, listed or traded in any regulated market in the world,” said Aira Gaspar, President and Chief Executive Officer, MAMTC. “The Fund offers investors access to a portfolio of high quality securities with above average yields that can generate high income.”
Preferred securities are a unique hybrid of bonds and equities with features from both asset classes, issued mainly by large and regulated institutions and/or companies with strong and stable cash flows such as banks, utilities, and real-estate investment trusts (REITs). They can offer attractive yields relative to other income-generating securities, similar to high yield bonds, but with generally lower credit risks. They also have lower historical correlations to other asset classes which serve to diversify clients’ investment portfolios.
The rise of digital enabled jobs could provide new opportunities for Filipinos to continue working after retirement. According to MISI, there is strong interest among those 50 years old and above to pursue digital work, either on a full-time or part-time basis.
“Aside from their compelling yields, preferred securities also show less interest rate sensitivity even in changing interest rate environments. They have also experienced fewer defaults compared to high yield issuers, and are in line with investment-grade issuers, globally1,” added Gaspar.
Customers can avail of the fund for a minimum investment of Php 50,000 or USD 1,000.
For more information about Manulife’s Global Preferred Income Feeder Fund, visit assetmanagement.manulife.com.ph or call (02) 884-7000.
About Manulife Asset Management and Trust Corporation
Manulife Asset Management and Trust Corporation (MAMTC) is a wholly-owned subsidiary of The Manufacturers Life Insurance Co. (Phils.) Inc. (Manulife Philippines). It provides investment solutions to both retail and institutional clients. MAMTC started its operations in September 2017. MAMTC is part of Manulife Asset Management, the global asset management arm of Manulife.
About Manulife Philippines
The Manufacturers Life Insurance Company opened its doors for business in the Philippines in 1907. Since then, Manulife’s Philippine Branch and later The Manufacturers Life Insurance Co. (Phils.), Inc. (Manulife Philippines) has grown to become one of the leading life insurance companies in the country. Manulife Philippines is a wholly-owned domestic subsidiary of Manulife Financial Corporation, among the world’s largest life insurance companies by market capitalization. Learn more about Manulife Philippines by visiting their website www.manulife.com.ph and following them on Facebook (www.facebook.com/ManulifePH), Twitter (@ManulifePH), and Instagram (@manulifeph).
About Manulife Asset Management
Manulife Asset Management is the global asset management arm of Manulife Financial Corporation (“Manulife”). We provide comprehensive asset management solutions for investors across a broad range of public and private asset classes, as well as asset allocation solutions. We also provide portfolio management for affiliated retail Manulife and John Hancock product offerings.
Our investment expertise includes public and private equity and fixed income, real estate and infrastructure equity and debt, timberland and farmland, oil and gas, and mezzanine debt. We operate in the United States, Canada, Brazil, the United Kingdom, New Zealand, Australia, Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, the Philippines, as well as through a China joint venture, Manulife TEDA. We also serve investors in select European, Middle Eastern, and Latin American markets.
As at December 31, 2018, assets under management for Manulife Asset Management were approximately US$364 billion. Additional information may be found at ManulifeAM.com.
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. We operate primarily as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2018, we had more than 34,000 employees, over 82,000 agents, and thousands of distribution partners, serving almost 28 million customers. As of March 31, 2019, we had over $1.1 trillion (US$849 billion) in assets under management and administration, and in the previous 12 months we made $29.4 billion in payments to our customers. Our principal operations in Asia, Canada and the United States are where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.
The Manulife Asset Management and Trust Corporation’s products and services are trust and/or investment solutions and NOT deposit accounts, obligations of, guaranteed or insured by the Trustee or its affiliates. The Fund/s are not insured or governed by the Philippine Deposit Insurance Corporation (PDIC). Due to the nature of the investment, yields and potential yields cannot be guaranteed. Any loss/income arising from market fluctuations and price volatility of the securities held by the Fund/s, even if invested in government securities, is for the account of the client/participant. As such, the units of participation of the investor in the Fund/s, when redeemed, may be worth more or be worth less than his/her initial investment contributions. Historical performance, when presented, is purely for reference purposes and is not a guarantee of similar future result. Manulife Asset Management and Trust Corporation is not liable for losses unless upon willful default, bad faith or gross negligence on its part.
Manulife Asset Management and Trust Corporation, its products and services are regulated and governed by the Bangko Sentral ng Pilipinas (BSP) with telephone number (02) 708-7087 and email address email@example.com. For inquiries or complaints relating to our products and services, you may call our Customer Care Hotline at (02) 884-7000 or send an email to firstname.lastname@example.org. To know your rights under BSP Circular No. 857 (Regulations on Financial Consumer Protection), please access a copy at the BSP website (www.bsp.gov.ph).