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Recipient of five prestigious LSEG Lipper Fund Awards
Manulife Investment Management received three Lipper mutual fund awards, one ETF award, and an ETF group award in 2024.
Performance
1 year |
3 year |
5 year |
10 year | 15 year | 20 year | Since inception |
|
|---|---|---|---|---|---|---|---|
Manulife Fundamental Equity Fund - Series F (MMF699) |
28.48% | 10.88% | 14.05% | 11.57% | 10.80% | 9.36% | 9.49% |
Canadian focused equity category |
28.36% | 7.10% | 11.08% | 8.32% | 9.04% | 7.69% | — |
Percentage of peers beaten |
59% | 87% | 86% | 90% | 81% | 83% | — |
Winning domestic performance—see the difference
Morningstar RatingTM
|
Overall |
3 year |
5 year |
10 year |
Rating |
★★★★★ |
★★★★ |
★★★★ |
★★★★★ |
Number of funds in the category |
— |
478 | 461 | 323 |
Source: Morningstar Direct, as of October 31, 2024
Difference in performance between Manulife Fundamental Equity Fund and its Morningstar category, rolling 5-year basis since inception
Since inception on a rolling 5-year basis, Manulife Fundamental Equity Fund has outperformed its Morningstar fund category 98.9% of the time, with an average annual outperformance of 278 basis points
Tangible cash flow:
a differentiated approach to valuing stocks
There are many ways to value a company. While some use established metrics such as price to earnings and price to sales, the team chooses to rely on tangible cash flow.
It's a meticulous process that entails combing through financial statements to understand a firm's sources of cash and how that's being allocated. Although this approach involves additional work, the outcome speaks for itself.
Fundamentals the team looks for
Historically focusing on these facets has helped generate attractive risk-adjusted returns over the long term.
More resources for your practice
"We liked the volatility": why inflation means opportunities
Inflation and volatility tend to evoke negative emotions as concerns about reduced affordability and market sell-offs creep in. It's an experience that Patrick Blais, CFA, FSA, senior portfolio manager of Manulife Fundamental Canadian Equity Fund, doesn't share; he views them as opportunities.
The state of Canadian financial institutions in the wake of bank failures abroad
The string of bank failures on both sides of the Atlantic in H1 2023 rocked the financial community. Our fundamental equity team takes a closer look at the Canadian banking sector and examines what differentiates it from its peers abroad.
Manulife Fundamental Equity Fund—fund profile
The fund's profile has everything you want to know about the fund. Learn about the fund's goals and philosophy and see how it's different from its competitors.
Learn more about the fundamental equity team
The hallmark of a truly well-run, high-quality business lies far beyond its profits. That’s why the fundamental equity team is intensely focused on a firm’s ability to generate free cash flow, the sustainability of its profits, and its valuation. Learn more about the team and its investment process.
Performance²
1 year |
3 year |
5 year |
10 year | Since inception² |
|
|---|---|---|---|---|---|
Manulife Global Equity Class - Series F (MMF4606) |
15.24% | 5.68% | 9.91% | 11.11% | 12.12% |
Global equity fund category |
29.27% | 6.19% | 9.92% | 8.99% | — |
Percentage of peers beaten |
1% | 40% | 52% | 86% | — |
2 Morningstar Direct, as of October 31, 2024. The fund was incepted on November 2, 2009.
A powerful combination—active and systematic portfolio management
Systematic bond screening
- Optimize sector weights and yield curve positoning
- Match volatility and duration of marketing index
- Preserve diversification and liquidity
Active screening and security selection
- Maximize yield
- Maintain index risk profile
- Minimize transaction costs
Morningstar RatingTM
|
Overall |
3 year |
5 year |
10 year |
Rating |
★★★★ |
★★★ |
★★★ |
★★★★★ |
Number of funds in the category |
— |
1,505 | 1,263 | 630 |
Source: Morningstar Direct, as of October 31, 2024
Global equities as a way to mitigate risk
Concentration risk is real and can take many forms—home bias, sector bias, and style bias are common examples. It's an important consideration in the portfolio construction process. Investing in global equities, for instance, can be a useful way to mitigate home bias, complement investors’ domestic allocations, and potentially yield higher returns.
Based on market returns between 2010 and 2023, using the MSCI World Index as a proxy for global stocks and the S&P/TSX Composite Index to represent Canadian stocks, the level of risk (as represented by standard deviation) faced by investors with a traditional 60/40 stock-bond portfolio fell as investors increased their allocation to foreign stocks.
Conversely, annualized total returns for those who allocated 30% of their portfolios to foreign stocks during this period were higher (>1%) than those who didn't allocate to foreign stocks at all. While past performance doesn't guarantee future results, it's difficult to disagree that the data tells a compelling story.
Investing in global equities can be a useful way to mitigate home bias, complement domestic allocations, and potentially yield higher returns.
Complement your domestic allocation by reducing portfolio risk
More resources for your practice
Why invest in Manulife Global Equity Class?
Tap into overseas markets, broaden your investment universe, and uncover pockets of opportunity worldwide with Manulife Global Equity Class.
Build portfolio resilience with global equities—a blueprint
Prepare, don't predict: Focusing on what we can control is a more sensible way to deal with uncertainty than relying on guesswork. The fund's investment process is designed with that in mind.
Manulife Global Equity Class—fund profile
The fund's profile has everything you want to know about the fund. Learn about the fund's goals and philosophy and see how it's different from its competitors.
Learn more about Mawer Investment Management
Mawer has been helping investors navigate financial markets since 1974. The firm describes its approach to investing as being boring—but we think consistent might be more accurate.
Performance
| YTD | 1 year |
3 year |
Since inception |
|
|---|---|---|---|---|
Manulife Smart Core Bond ETF (BSKT) |
3.59% | 12.09% | 0.47% | -0.64% |
| Canadian fixed income category | 3.49% | 11.47% | -0.20% | — |
Percentage of peers beaten |
65% | 73% | 85% | — |
A powerful combination—active and systematic portfolio management
Systematic bond screening
- Optimize sector weights and yield curve positoning
- Match volatility and duration of marketing index
- Preserve diversification and liquidity
Active screening and security selection
- Maximize yield
- Maintain index risk profile
- Minimize transaction costs
Morningstar RatingTM
|
Overall |
3 y |
5 y | 10 y |
Rating |
★★★★ |
★★★★ |
— | — |
Number of funds in the category |
— |
485 | 439 | 277 |
Source: Morningstar Direct, as of October 31, 2024
Staying on the sidelines isn't always a good idea
Canadian bonds have typically outperformed GICs
Since the creation of the FTSE Canada Universe Bond Index, Canadian bonds have outperformed guaranteed investment certificates (GICs) nearly 73% and 90% of the time on a one- and three-year rolling basis, repsectively.³ When investors compare GICs with bonds, they typically only look at the GIC rate on offer and current bond yields. While this may be a useful way to gauge the amount of income that investors can expect from these instruments in the short term, it ignores one material aspect: the potential for bond prices to appreciate. GICs, understandably, aren't priced or traded, and, as such, can't appreciate in price.
It's also important to note that the inverse correlation between bonds and interest rates that had been a headwind to bond returns over the past couple of years can soon morph into a tailwind moving forward. Measures of inflation that we follow indicate that inflation has peaked, and the Bank of Canada may begin easing rates soon. When that happens, bond prices are likely to rise even as GIC rates head in the opposite direction.
That said, GICs can have a place in certain investor portfolios; however, historical data shows that they haven't always been a meaningful driver of investment return.
3 Bloomberg, as of October 31, 2023.
Relative outperformance of 3-year annualized returns of FTSE Canada Universe Bond Index vs. Bank of Canada 3-year GIC rates
Canadian Bonds vs GICs
The rise in interest rates has tempted some investors away from bonds and into GICs, but investors risk missing out on a rare opportunity in bond markets. With the percentage of discount bonds more than doubling in Canada and the United States in the last year, we believe that active bond funds have a lot more upside to offer.
Manulife Core Plus Bond Fund ★★★★
Demand for high-quality corporate and government fixed income in Canada continues to grow, especially as Canada was the first G7 country to cut interest rates. As the transition out of cash-like investments progresses, consider an active strategy that emphasizes sector allocation, credit quality, active security selection, and yield-curve management.
Performance
| 1 year | 3 year |
5 year | 10 year | 15 year |
Since inception |
|
|---|---|---|---|---|---|---|
Manulife Core Plus Bond Fund - Series F (MMF620) |
13.45% | 0.27% | 1.18% | 2.06% | 2.87% | 3.35% |
| Canadian fixed income category | 11.47% | -0.20% | 0.34% | 1.64% | 2.42% | |
| Morningstar Ratingᵀᴹ | — | ★★★★ | ★★★★ | ★★★★ | — | — |
Percentage of peers beaten |
95% | 82% | 92% | 81% | 82% | — |
| Number of funds in the category | 523 | 485 | 439 | 277 | 131 | — |
Manulife Strategic Income Fund ★★★★
Global growth is moderating and inflationary pressures appear to be cooling. We could finally be on the cusp of a global monetary easing cycle. As rates fall, cash may no longer be king. Fixed-income assets have historically done well in such an environment. Might now be the time to take another look at your portfolio and tap into opportunities in global fixed income?
Performance
| 1 year | 3 year | 5 year | 10 year | 15 year | Since inception | |
|---|---|---|---|---|---|---|
| Manulife Strategic Income Fund - Series F (MMF659) | 10.51% | 0.22% | 1.46% | 2.98% | 4.42% | 5.16% |
| Multi-sector fixed income fund category | 11.43% | 0.77% | 1.58% | 2.37% | 3.74% | — |
| Morningstar Ratingᵀᴹ | — | ★★★ | ★★★ | ★★★★ | — | — |
| Percentage of peers beaten | 39% | 44% | 48% | 75% | 66% | — |
| Number of funds in the category | 274 | 259 | 225 | 76 | 19 | — |
More resources for your practice
Bonds vs GICs
Investors typically view bonds as a way to mitigate stock sell-offs; however, the traditional correlation between stocks and bonds broke down in recent years. Our capital markets strategy team examines if that's weakened fixed income's appeal relative to GICs amid higher rates and rising uncertainty.
Investing happily ever after: lessons from fairy tales
Fairy tales often shed light on human behavior and offer lessons for those of us who are keen to learn―including investors. In fact, the more we study the investment landscape, the more we’re reminded of fairy tales.
The dividends of policy divergence
The global interest-rate easing cycle is under way. We explore what that means for investors taking a global view on fixed-income opportunities while putting credit and currency risk in perspective.
Global reach, infinite possibilities
The argument for expanding your investment horizon has rarely been stronger. Discover why now might be an opportune moment to tap into global yield opportunities.
Understanding the value of advice
Try as we may, it’s hard to put a value on compassion, integrity, and a willingness to listen. These are qualities that define good advisors—those who understand the full picture do that. Although it isn’t always possible to put a value on everything, we know through research that investors who receive professional financial advice accumulate nearly four times more assets than those who don’t.⁴ To help your clients understand the true value of advice, share our "Advice matters" brochure.
Download your copy4 The Gamma Factor and the Value of Financial Advice, 2019.
Advisor stories
Life happens—sometimes unpredictably. See how these advisors came through for their clients when life events occurred.
The farm
See how one advisor helped a family for generations to come.
Watch now Download transcript (PDF)
The baby
For one advisor, his clients’ desire to grow their family brought new challenges.
Watch now Download transcript (PDF)The father
An advisor goes above and beyond to help her client’s family during a difficult time.
Watch now Download transcript (PDF)Get in touch
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Important disclosures
Investing involves risks, including the potential loss of principal. Financial markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. The information provided does not take into account the suitability, investment objectives, financial situation, or particular needs of any specific person. Past performance does not guarantee future results, and you should not rely on it as the basis for making an investment decision.
All overviews and commentary are intended to be general in nature and for current interest. While helpful, these overviews are no substitute for professional tax, investment, or legal advice. Clients and prospects should seek professional advice for their particular situation. Neither Manulife Investment Management nor any of our affiliates or representatives (collectively Manulife Investment Management) is providing tax, investment or legal advice.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns net of fees and expenses payable by the fund (except for figures of one year or less, which are simple total returns) including changes in security value and reinvestment of all dividends/distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated
Series F is generally designed for investors who have a fee-based or wrap account with their dealer. Series F performance is net of fees and expenses. Advisor Series is also available and includes a 1.00% trailing commission.
© 2024 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
The Morningstar Rating, commonly referred to as the Star Rating, relates how a fund has performed on a risk-adjusted basis against its Morningstar category peers and is subject to change every month. Calculations are based on the funds in each Morningstar category to better measure fund manager skill. Funds are ranked by their Morningstar Risk-Adjusted Return scores with the top 10% of funds in a category receiving 5 stars, the top 22.5% receiving 4 stars; a fund in the middle 35% receiving 3 stars; a fund in the next 22.5% receiving 2 stars and a fund in the bottom 10% receiving 1 star. The Overall Star Rating for a fund is a weighted combination of its 3, 5 and 10 year ratings. Overall ratings are adjusted where a fund has less than 5 or 10 years of history. Please refer to www.morningstar.ca for greater detail on the calculation of the Star Ratings.