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John Hancock Launches New Mortgage-Backed Securities ETF, 'JHMB' – ETF Traits


Final week, John Hancock Funding Administration LLC introduced the supply of John Hancock Mortgage-Backed Securities ETF (JHMB). The exchange-traded fund (ETF) is sub-advised by Manulife Funding Administration (US) LLC, John Hancock Funding Administration’s affiliated asset supervisor. It’s the second actively managed fixed-income ETF launched by John Hancock Funding Administration this 12 months, following the launch of John Hancock Company Bond ETF (JHCB) in March 2021.
“We’re happy to convey one other ETF from the Manulife Funding Administration fixed-income staff to buyers,” mentioned Andrew G. Arnott, CEO, John Hancock Funding Administration and head of wealth and asset administration, Manulife Funding Administration, United States and Europe. “The staff is extremely regarded for its bottom-up sector allocation and safety choice course of in making funding choices, and we imagine this fund is one other sturdy instance of their capabilities for these buyers all for accessing this technique in an ETF wrapper.”
John Hancock Mortgage-Backed Securities ETF is actively managed and seeks a excessive stage of present revenue whereas in search of to outperform the benchmark over a market cycle. Below regular market situations, the fund invests at the least 80% of its internet belongings (plus any borrowings for funding functions) in mortgage-backed securities. The fund might put money into mortgage-related securities issued or assured by U.S. governmental entities and privately issued mortgage-related securities. These might embody residential mortgage-backed securities, industrial mortgage-backed securities, and to-be-announced mortgage contracts and could also be rated investment-grade or beneath.
The ETF is managed by David A. Bees, CFA, managing director and portfolio supervisor, Peter M. Farley, CFA, managing director and senior portfolio supervisor, and Jeffrey N. Given, CFA, and Howard C. Greene, CFA, senior managing administrators and senior portfolio managers, Manulife Funding Administration.
“In response to SIFMA, the marketplace for mortgage-backed and different asset-backed securities is massive and in demand, and represents over $12 trillion of the bond market right this moment, which is bigger than the investment-grade and high-yield company bond markets mixed,” added Steven L. Deroian, co-head of retail product, John Hancock Funding Administration. “We’re excited to convey this new ETF to market in a rising class for asset allocators and advisors.”
John Hancock Funding Administration launched its first ETFs greater than 5 years in the past. With this announcement, the agency’s ETF providing has grown to 17 ETFs with practically $5 billion in belongings beneath administration as of June 30, 2021, together with mortgage-back securities, company bonds, U.S. and worldwide fairness portfolios, and a variety of sector-specific merchandise.
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