Manulife Investments has added two new options to its line-up of Manulife Private Investment Pools – Manulife US Fixed Income Private Trust, and Manulife Global Balanced Private Trust.
Mawer Investment Management Ltd. respectively are both offered in a trust structure as follows:
Manulife US Fixed Income Private Trust, which will be managed by Manulife Asset Management (US), is a highly flexible approach to investing in the world's largest and most dynamic credit market. The Pool seeks to provide long-term total return consisting of income and the potential for capital appreciation by investing primarily in a portfolio of US investment grade and high yield debt securities.
The Portfolio Managers for this Pool include Manulife Asset Management (US) LLC's John F Addeo, a value-oriented fundamental investor with more than 20 years of experience investing across the entire capital structure and credit spectrum, and Dennis F McCafferty, who specialises in high-yield fixed income and floating rate strategies, and has more than 17 years of investment experience.
Manulife Global Balanced Private Trust is managed by Mawer Investment Management Ltd.'s Greg Peterson, Director and Senior Portfolio Manager, Paul Moroz, Deputy Chief Investment Officer, and Jim Hall, Chief Investment Officer. On the equity side, the Portfolio Managers adopt a bottom-up brick-by-brick investment approach to identify wealth-creating companies that they believe have solid management teams but are trading at discounts to their intrinsic values. These equities are combined with global and Canadian fixed income exposure, which will be a minimum of 30 per cent of the Pool. The Pool may be suitable for investors seeking a diversified approach to global equity and fixed income investing.
"To strengthen our Manulife Private Investment Pools offering, we've added a US fixed income pool that can take advantage of all interest rate environments," says Derek Saliba, AVP, Mutual Funds. "At launch, there will be a significant allocation to floating rate loans, which may be an attractive fixed income asset class during a rising interest rate environment. We've also added a second Mawer-managed pool to our line-up which may be an appealing option for affluent clients to invest in the global equity markets with less volatility."
Manulife Investments is also renaming Manulife Balanced Private Pool and Manulife Balanced Private Trust to Manulife US Balanced Private Pool and Manulife US Balanced Private Trust, respectively. In addition to the renaming, Manulife Investments will be making minor adjustments to the current broad investment strategies language to more accurately reflect the pools' focus on US equities and US and international fixed income. These name changes provide investors with better clarity as to the underlying investments held by the pools.
First launched in December 2012, Manulife Private Investment Pools offer a comprehensive suite of investment pools spanning a range of asset classes, and portfolio management by award-winning asset managers from Manulife Asset Management and Mawer Investment Management Ltd.
The minimum investment for the Manulife Private Investment Pools is USD150,000 per pool, per account.
