The investment objective of JHID is to seek a high level of current income, with long-term growth of capital as a secondary objective
BOSTON, Dec. 21, 2022 /PRNewswire/ – John Hancock Investment Management, a company of Manulife Investment Management, announced today that it has launched John Hancock International High Dividend ETF (NYSE: JHID). The new ETF is actively managed and subadvised by Manulife Investment Management (US) LLC, John Hancock Investment Management’s affiliated asset manager.
The investment objective of JHID 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 in dividend-paying large- and mid-cap equity securities of non-U.S. developed-market companies. These dividend-paying large- and mid-cap equity securities are incorporated in, or have their primary listing exchange in, developed markets, excluding the United States.
“We’re pleased to expand our ETF suite, and once again tap the expertise of our affiliated asset manager, Manulife Investment Management, and its systematic equity portfolio management team,” said Steve Deroian, co-head of retail product, John Hancock Investment Management. “We’re aware of the hurdles investors faced this year with unique market conditions persisting and overall returns being challenged. We anticipate a demand for equity income to continue into 2023 and beyond as investors refocus their portfolios.”
The portfolio managers of JHID are Geoff Kelley, CFA, senior portfolio manager, global head of strategic asset allocation and systematic equity, multi-asset solutions team; Boncana Maiga, CFA, CIM, portfolio manager; and Ashikhusein Shahpurwala, CFA, PRM, managing director and senior portfolio manager.
“According to Morningstar data, $45 billion has flowed into dividend-focused ETFs over the first 10 months of this year alone,” added Jeff Duckworth, president, U.S. intermediary distribution, John Hancock Investment Management.* “We’re pleased to provide investors with another potential yield solution that may help them address their needs for both income and diversification through exposure to non-U.S. developed-market companies.”
With this announcement, John Hancock Investment Management’s ETFs total 10 funds, including the multifactor equity suite subadvised by Dimensional Fund Advisors and the income-focused ETFs subadvised by Manulife Investment Management.
*Morningstar data as of 10/31/22 shows dividend-focused ETFs represented by ETFs with Morningstar objective “equity income.”
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.
