BOSTON, June 20,
2024 /PRNewswire/ - John Hancock Investment
Management, a company of Manulife Investment Management,
announced today that it has launched John Hancock Multi Asset
Credit Fund (the fund) with its affiliated investment manager
Manulife | CQS Investment Management (Manulife | CQS), a
London-based multi-sector
alternative credit specialist.
The fund's investment objective is to seek to generate a return
comprising both current income and capital appreciation,
emphasizing current income with low volatility and low correlation
to the broader markets. The fund will invest into multi-asset
credit strategies and fixed-income asset classes, including
sub-investment-grade assets with potentially less risk and
volatility of high-yield assets, such as loans and high-yield
bonds, asset-backed securities, regulatory capital, and convertible
bonds. Risk management, through diversification and minimizing the
risk of default, is an integral part of the investment process.
"We're thrilled to showcase the investment expertise at Manulife
| CQS Investment Management across the credit space," said
Kristie Feinberg, head of U.S. and
Europe, Manulife Investment
Management, and president and chief executive officer, John Hancock
Investment Management. "By leveraging our expanded capabilities
with the addition of the CQS team, we bring a semi-liquid
alternative fund to advisors in an asset class that has seen recent
growth in demand and may help their clients achieve their financial
goals."
"We're excited to bring our multi-asset credit capabilities to
the John Hancock platform as a solution for investors seeking
consistent and high-yielding income," said Soraya Chabarek, CEO, Manulife | CQS Investment
Management. "In today's market, to deliver income while seeking to
mitigate risk, credit selection matters more than ever. Our team of
skilled credit investors, who have managed global multi-asset
credit strategies together over the last 11 years, have an
established history of lending to the right businesses, and
positioning in the right asset classes, geographies, and sectors at
the right time."
Craig Scordellis, co-chief
investment officer and senior partner at Manulife | CQS, and
James Fitzpatrick, chief investment
officer, North America and head of
global loans at Manulife | CQS, are primarily responsible for the
management of the fund's portfolio.
"With CQS' differentiated expertise in global alternative
credit, John Hancock Multi Asset Credit Fund is a strong addition
to our growing lineup of liquid and semi-liquid alternative
offerings and our larger credit franchise. We believe the fund can
be used as an alternative all-weather strategy with the potential
to deliver high current income and a focus on downside risk
mitigation," added York Lo, head of
global alternative product management, Manulife Investment
Management.
John Hancock Investment Management continues to expand its
alternative investment capabilities. Having launched its first
alternative allocation fund in 2009, the firm believes interest in
alternative and private markets solutions will continue to grow and
has brought a range of additional strategies to meet the demand of
advisors, their clients, and qualified investors through multiple
distribution platforms.
This material is not intended to be, nor shall it be interpreted
or construed as a recommendation or for providing advice, impartial
or otherwise. John Hancock Investments and its representatives and
affiliates may receive compensation derived from the sale of and/or
from any investment made in its products and services.
The fund's use of leverage may not be successful and may create
additional risks, including the risk of magnified return volatility
and the potential for unlimited loss. ABS include interests in
pools of debt securities, commercial or consumer loans, or other
receivables. The value of these securities depends on many factors,
including changes in interest rates, the availability of
information concerning the pool and its structure, the credit
quality of the underlying assets, the market's perception of the
servicer of the pool, and any credit enhancement provided. In
addition, ABS have prepayment risk. Investors could lose all or
substantially all of their investment. Convertible securities are
subject to certain risks of both equity and debt securities. Fund
distributions generally depend on income from underlying
investments and may vary or cease altogether in the future.
Investing in distressed debt securities is speculative and involves
substantial risks in addition to those of non-distressed high-yield
securities. Distressed debt securities generally do not generate
interest payments. Principal on distressed debt might not be
repaid, and a fund could lose up to its entire investment. Changes
in the state and U.S. federal laws may negatively affect the fund's
returns. Exposure to credit risk due to the types of investments
and loans made by the fund. Fixed-income investments are subject to
interest-rate and credit risk; their value will normally decline as
interest rates rise or if an issuer is unable or unwilling to make
principal or interest payments. Foreign investing, especially in
emerging markets, has additional risks, such as currency and market
volatility and political and social instability.
Clients should read and carefully consider a fund's
investment objectives, risks, charges, and expenses before
investing. To request a prospectus or summary prospectus with this
and other important information, please call us at800-225-6020, or
visit us at jhinvestments.com.
John Hancock Investment Management Distributors LLC ▪ Member
FINRA, SIPC ▪ 200 Berkeley Street ▪ Boston, MA 02116 ▪ 800-225-6020 ▪
jhinvestments.com
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY
ANY GOVERNMENT AGENCY.
About Manulife Investment
Management
Manulife Investment Management is the brand for the global
wealth and asset management segment of Manulife Financial
Corporation. Our mission is to make decisions easier and lives
better by empowering investors for a better tomorrow. Serving more
than 17 million individuals, institutions, and retirement plan
members, we believe our global reach, complementary businesses, and
the strength of our parent company position us to help investors
capitalize on today's emerging global trends. We provide our
clients access to public and private investment solutions across
equities, fixed income, multi-asset, alternative, and
sustainability-linked strategies, such as natural capital, to help
them make more informed financial decisions and achieve their
investment objectives. Not all offerings are available in all
jurisdictions. For additional information, please visit
manulifeim.com.
About Manulife | CQS Investment
Management
Manulife | CQS Investment Management, a company of Manulife
Investment Management, is a multi-sector alternative credit
manager. The firm has a 20+ year history of managing
research-driven credit strategies over multiple market cycles, with
core capabilities that span corporate credit (loans and bonds),
asset-backed securities, regulatory capital, collateralized loan
obligations and convertible bonds. Our ambition is to continue to
help investors achieve their goals across market cycles by
selecting good quality credits and generating income. We are
committed to building enduring partnerships with investors,
generating long-term risk-adjusted returns and delivering high
levels of service, tailoring mandates across a range of return
objectives and risk appetites. For additional information, please
visit cqs.com.
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SOURCE John Hancock Investment Management