Manulife Investment Management has launched five ETFs that use active management strategies.
The Manulife Smart Dividend ETF invests primarily in a portfolio of Canadian dividend-paying securities with the goal of providing investors with a steady flow of income and long-term capital appreciation. The fund has a management fee of 0.25%.
The Manulife Smart U.S. Dividend ETF has the same investment objective as its Canadian counterpart but invests in U.S. dividend-paying securities. This fund is available in unhedged and hedged units. Management fees for the fund are 0.28% (unhedged) and 0.33% (hedged).
The Manulife Smart Short-Term Bond ETF invests primarily in a diversified portfolio of short-term fixed income securities issued by Canadian corporations. The fund may also invest in short-term fixed income securities issued by federal, provincial or municipal governments. The management fee is 0.2%.
The Manulife Smart Core Bond ETF invests in a portfolio of fixed-income securities issued by Canadian federal, provincial and municipal governments as well as corporations. The fund has a management fee of 0.22%.
The Manulife Corporate Bond ETF invests in fixed-income securities issued by Canadian corporations. Its management fee is 0.24%.
Each of the fixed income ETFs has an investment objective of earning the highest level of income while also preserving capital.
All five funds are listed on the Toronto Stock Exchange.
Correction: An earlier version of this story identified these funds as smart-beta ETFs. They are actively managed ETFs.