Toronto-based Manulife Investments added three new funds to its global lineup on Tuesday.
The new additions to Manulife’s roster of funds are called the Manulife Global Dividend Fund, Manulife Global Dividend Class and Manulife Global Strategic Balanced Yield Fund.
The global dividend and dividend class funds will invest primarily in a diversified portfolio of high quality dividend paying global equities. Paul Boyne and Doug McGraw of Manulife Asset Management will act as portfolio managers for the two funds. The goal of the funds will be to provide yield premium over the MSCI World Index by focusing on companies that compound cash flows and grow earnings, resulting in dividend growth.
The strategic balanced fund will invest in high quality, undervalued global dividend stocks as a diversified portfolio of global fixed income securities. The fund will invest across a spectrum of fixed income securities of global issuers of any quality and term. The fixed income component has maximum flexibility to tactically reposition holdings at different points in the credit cycle to mitigate downside risk and capitalize on opportunities. Boyne and McGraw will manage the equity portion of the fund while John Addeo and Dennis McCafferty, Endre Pedersen and Daniel Janis III will focus on the fixed income portion.
“Our mandate is to provide advisors and investors with the tools they need to build a diversified portfolio,” said Derek Saliba, assistant vice president, mutual funds, Manulife. “In 2013, Manulife Asset Management hired Paul and Doug, seasoned global equity managers out of London with an excellent track record of managing income-oriented global equities and providing downside protection. They join John, Dennis, Endre and Dan, to lead this new Global Balanced Fund with a mandate to deliver a diversified global portfolio.”