September 24, 2021

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John Hancock Launches New Home finance loan-Backed Securities ETF, ‘JHMB’

Final 7 days, John Hancock Investment decision Administration LLC announced the availability of John Hancock Home loan-Backed Securities ETF (JHMB). The exchange-traded fund (ETF) is sub-encouraged by Manulife Investment decision Management (US) LLC, John Hancock Expense Management’s affiliated asset manager. It is the 2nd actively managed preset-revenue ETF introduced by John Hancock Financial investment Management this calendar year, following the start of John Hancock Company Bond ETF (JHCB) in March 2021.

“We’re delighted to deliver yet another ETF from the Manulife Financial commitment Administration fixed-earnings group to buyers,” said Andrew G. Arnott, CEO, John Hancock Financial commitment Administration and head of prosperity and asset management, Manulife Financial commitment Management, United States and Europe. “The team is highly regarded for its base-up sector allocation and security variety procedure in producing financial investment decisions, and we imagine this fund is another solid example of their abilities for those people buyers intrigued in accessing this approach in an ETF wrapper.”

John Hancock Home loan-Backed Securities ETF is actively managed and seeks a superior level of present-day income although trying to get to outperform the benchmark about a market cycle. Beneath regular sector problems, the fund invests at least 80% of its internet belongings (additionally any borrowings for investment decision purposes) in house loan-backed securities. The fund may possibly devote in house loan-connected securities issued or assured by U.S. governmental entities and privately issued home finance loan-linked securities. These might contain household mortgage loan-backed securities, business house loan-backed securities, and to-be-introduced home loan contracts and might be rated financial investment-quality or beneath.

The ETF is managed by David A. Bees, CFA, controlling director and portfolio supervisor, Peter M. Farley, CFA, handling director and senior portfolio supervisor, and Jeffrey N. Provided, CFA, and Howard C. Greene, CFA, senior running administrators and senior portfolio managers, Manulife Financial investment Administration.

“According to SIFMA, the marketplace for home finance loan-backed and other asset-backed securities is big and in demand from customers, and signifies over $12 trillion of the bond industry now, which is more substantial than the expenditure-grade and substantial-yield corporate bond markets merged,” added Steven L. Deroian, co-head of retail products, John Hancock Expenditure Management. “We’re enthusiastic to provide this new ETF to market in a developing group for asset allocators and advisors.”

John Hancock Investment Management introduced its initial ETFs extra than five several years back. With this announcement, the firm’s ETF featuring has developed to 17 ETFs with nearly $5 billion in belongings underneath administration as of June 30, 2021, like home finance loan-back securities, company bonds, U.S. and global equity portfolios, and a selection of sector-precise items.

For a lot more sector developments, visit ETF Trends.