Manulife Investment Management announces lower management fees for certain Manulife ETFs
March 20, 2020
TORONTO - Manulife Investment Management today announced that it will reduce the annual management fee for select Manulife Exchange Traded Funds (ETFs) effective on or about March 30, 2020.
ETF management fee reductions
ETF name
Ticker
Current annual management fee
New annual management fee
Manulife Multifactor Canadian Large Cap Index ETF - unhedged
MCLC
0.40%
0.35%
Manulife Multifactor Developed International Index ETF - unhedged
MINT.B
0.50%
0.40%
Manulife Multifactor Developed International Index ETF - hedged
MINT
0.55%
0.45%
Manulife Multifactor U.S. Large Cap Index ETF - unhedged
MULC.B
0.35%
0.32%
Manulife Multifactor U.S. Large Cap Index ETF - hedged
MULC
0.40%
0.37%
Manulife Multifactor Canadian SMID Cap Index ETF - unhedged
MCSM
0.60%
0.50%
Manulife Multifactor U.S. Small Cap Index ETF - unhedged
MUSC.B
0.50%
0.45%
Manulife Multifactor U.S. Small Cap Index ETF - hedged
MUSC
0.55%
0.50%
The reduction in management fees may result in a reduction in the management expense ratio of these Manulife ETFs over time. Manulife Investment Management is committed to continuously reviewing itsETF lineup to ensure it is evolving to meet the needs of advisors and investors.
Manulife ETFs are managed by Manulife Investment Management (formerly named Manulife Asset Management Limited). Manulife Investment Management is a trade name of Manulife Investment Management Limited. Commissions, management fees and expenses all may be associated with exchange traded funds (ETFs). Investment objectives, risks, fees, expenses and other important information are contained in the ETF Facts as well as the prospectus, please read before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
About Manulife Investment Management
Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than 150 years of financial stewardship to partner with clients across our institutional, retail, and retirement businesses globally. Our specialist approach to money management includes the highly differentiated strategies of our fixed-income, specialized equity, multi-asset solutions, and private markets teams—along with access to specialized, unaffiliated asset managers from around the world through our multimanager model. Our personalized, data-driven approach to retirement is focused on delivering financial wellness in retirement plans of all sizes to help plan participants and members retire with dignity.
Headquartered in Toronto, we operate as Manulife Investment Management throughout the world, with the exception of the United States, where the retail and retirement businesses operate as John Hancock Investment Management and John Hancock, respectively; and in Asia and Canada, where the retirement business operates as Manulife. Manulife Investment Management had CAD$879 billion (US$677 billion) in assets under management and administration.*Not all offerings are available in all jurisdictions. For additional information, please visit our website at manulifeinvestmentmgt.com.
* Manulife Financial Corporation financials. Global Wealth and Asset Management AUMA as of December 31, 2019, was CAD$879 billion and includes CAD$198 billion of assets managed on behalf of other segments and CAD$145 billion of assets under administration.
About Manulife
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2019, we had more than 35,000 employees, over 98,000 agents, and thousands of distribution partners, serving almost 30 million customers. As of December 31, 2019, we had $1.2 trillion (US$0.9 trillion) in assets under management and administration, and in the previous 12 months we made $29.7 billion in payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.
