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Rating:A $183B-AUM Shop Debuts an MBS ETF Not Rated 5.0 Email Routing List Email & Route  Print Print
Friday, August 20, 2021

A $183B-AUM Shop Debuts an MBS ETF

Reported by Neil Anderson, Managing Editor

The team at a multinational insurer's Boston-based, U.S. multi-manager mutual fund business is launching their second new active fixed income ETF of 2021.

Andrew Grant "Andy" Arnott
John Hancock Investment Management
President, CEO
Yesterday, Andy Arnott, CEO of John Hancock Investment Management LLC [profile], unveiled the debut of the John Hancock Mortgage-Backed Securities ETF (JHBM on the NYSE Arca). The new MBS fund is subadvised by Hancock affiliate Manulife Investment Management (US) LLC.

The fund comes with an expense ratio of 39 basis points, thanks in part to a 33-bps fee waiver that will last until at least August 31, 2022. And the fund is PMed by a Manulife IM quartet: David Bees, managing director and portfolio manager; Peter Farley, managing director and senior PM; Jeffrey Given, senior managing director and senior PM; and Howard Greene, senior managing director and senior PM.

"The team is highly regarded for its bottom-up sector allocation and security selection process in making investment decisions," Arnott states.

Other key vendors on the new fund include: Foreside Fund Services, LLC as distributor; PricewaterhouseCoopers LLP (PwC) as the independent accounting firm; and State Street as booking agent, custodian, and transfer agent.

Yesterday's launch follows another Hancock active fixed income ETF launch back in March. The firm now offers 17 ETFs in total, and as of June 30 it had nearly $5 billion in ETF AUM. (That's about three percent of Hancock's $183.4 billion in total AUM. The fund firm works with 24 boutiques in total.) Worldwide, Manulife IM had CAD$1 trillion (US$834 billion) in AUM as of June 30. 

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