Manulife Global Fund – Global Multi-Asset Diversified Income Fund
A flexible and differentiated approach
Flexible and diversified allocation
The flexible and benchmark-agnostic allocation approach of the Fund provides diversification benefits by integrating a mix of traditional and non-traditional asset classes. Through a multi-asset allocation approach, one that includes a mix of bonds, equities and non-traditional assets, investors can potentially receive stable income from diversified sources.
Flexibility to invest across the global capital spectrum
Capture more income sources with a broad investment universe
Performance and yields across asset classes can fluctuate in different economic cycles. Investors can broaden their investment universe within bonds and equities by diversifying across sectors and geographies, which can in turn provide low-correlated income sources and also increase overall yield stability.
Income investing can provide a wide spectrum of yield and risk profiles2
A multi-asset, income-oriented solution
Flexible low volatility portfolio aiming for stable income potential1
To strive for a sustainable long-term income distribution, our strategy adopts a differentiated approach to achieving yield, minimising reliance on equity appreciation – primarily seeking yield through fixed income and an option writing strategy.
The typical asset allocation of the portfolio has a relatively low volatility profile, dominated by fixed income credits, low beta equities and an option writing (for potential income generation) structure.
Benefits of option strategies
The use of option strategies can potentially increase the overall yield of an investor’s portfolio, as well as provide a downside buffer during periods of market downturn. This can be achieved through the writing (or sale) of call and/or put options.
1. Enhancing yield
The premiums collected from option writing can possibly act as an additional source of income for investors.
Two commonly used strategies are “Covered call” or “Put writing”.
“Covered call” is to earn income from the call option premium while holding the underlying equity at the same time. This strategy, in effect, converts equity upside potential into current income from the sale of the call option.
"Put writing” is similar to downside insurance. Buyers of puts want protection if the market sells off – the market often overpays for that insurance.
2. Providing downside protection
The call premiums can help to cushion or even offset falling equity prices, effectively acting as a partial hedge.
During several market corrections since 2000, equity option strategies3 have proven to provide a downside buffer with lower drawdowns than the broad US equity market. This has become an important and popular risk management tool and has been widely adopted by many institutional investors.
Fund information
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AA (SGD Hedged) MDIST (G) | AA (USD) MDIST (G) |
Investment objective
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The Fund aims to achieve income generation by investing primarily in a diversified portfolio of equity, equity-related, fixed income and fixed income-related securities of companies and/or governments (which include agencies and supranationals in respect of fixed income and fixed income-related securities) globally (including emerging markets from time to time). | |
| Inception date | 25 Apr 2019 | |
| ISIN code | LU1935043536 | LU1935043023 |
| Bloomberg ticker | MLADASM LX | MLADAUM LX |
| Base currency | USD | |
| Mode of subscription | Cash and SRS | Cash |
| Minimum investment | USD 1,000 (or the equivalent in any other major currency) | |
| Distribution frequency1 | Monthly | |
| Management fee | 1.50% p.a. | |
| Initial sales charge | Up to 5.0% | |
| Dealing frequency | Daily | |
| Investment manager | Manulife Investment Management (US) LLC | |
| Fund size | USD 1.72 billion (as of 31 May 2025) | |
Portfolio manager
Luke Browne
Global Head of Multi-Asset Solutions
Based in London, Luke is Global Head of Multi-Asset Solutions as well as Senior Portfolio Manager and Head of Multi-Asset solutions (MAST) Asia for Manulife Investment Management. He is responsible for leading the investment performance and process execution within the Multi-asset Solutions Team and leading its strategic growth.
MAST designs bespoke solutions on behalf of retail and institutional clients around the world and includes Asset Allocation, Liability-Driven Investing, Liquid Alternative, Beta Management and OCIO / Fiduciary Solutions for pension plans. Asset solutions include target risk, target date and a wide array of strategic, tactical and absolute return multi-asset class portfolios that are highly customizable depending on client objectives.
Prior to joining the company, Luke was with UBS Asset Management in London where he served as Managing Director and Global Head of Investment Solutions Specialists, Head of Investment Solutions Portfolio Management and Deputy Global Head of Structured Solutions. Prior to that, he was at Schroder Investment Management as Head of Structured Solutions, and has also worked at Banca Popolare di Milano and Midland Bank Plc.
Key distributors
The Fund is available through banks, e-platforms, insurance companies and financial advisors.
To learn more about the fund, please contact one of our distribution partners listed below.
Frequently asked questions
A global multi-asset income fund may be suitable for investors seeking regular income alongside the potential for long-term capital growth through a diversified portfolio. It may also appeal to those looking for exposure to multiple asset classes through a professionally managed investment solution and who are comfortable with the risks associated with investing in financial markets.
A multi-asset fund invests across multiple asset classes, such as equities and fixed income, while many traditional mutual funds focus primarily on a single asset class or investment strategy. This broader approach aims to provide diversification and manage risk across different market conditions.
A global multi-asset income fund may be considered by investors seeking diversified exposure through a single investment solution. Before investing, it's important to understand the fund's objectives, risks and features, and consider whether it aligns with your financial goals, investment horizon and risk tolerance.
A multi-asset fund invests across multiple asset classes, such as equities and fixed income, to provide diversified exposure. An equity fund primarily invests in shares of companies. As a result, the two fund types may have different investment objectives, risk profiles and return characteristics, depending on their strategies.
1. The intention of Manulife Global Fund to make the monthly distribution and the distribution yield for the Fund is not guaranteed, and Manulife Global Fund may in the future review the distribution policy depending on prevailing market conditions.
* While the Fund does not make extensive use of financial derivatives instruments (“FDI”) as part of its investment approach, it may, from time to time, use them for hedging and/or efficient portfolio management purposes. This usage may expose investors to the risks associated with the non-investment use of FDIs (i.e., volatility risk, management risk, market risk, credit risk and liquidity risk).
2. Bloomberg and Multi-Asset Solutions Team, Manulife Investment Management, as of 30 Apr 2025. For illustrative purposes only. No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment.
3. Equity option strategies refer to 50% CBOE S&P 500 BuyWrite Index and 50% CBOE S&P 500 PutWrite Index. No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment.
Manulife Global Fund (the “Company”) is an open-ended investment company registered in the Grand Duchy of Luxembourg. The Manulife Global Fund – Global Multi-Asset Diversified Income Fund (the "Fund") is recognised under the Securities and Futures Act of Singapore for retail distribution. The Company has appointed Manulife Investment Management (Singapore) Pte. Ltd. (Company Registration Number: 200709952G) as its Singapore Representative and agent for service of process in Singapore. The information provided herein does not constitute financial advice, an offer or a recommendation with respect to the Fund. Opinions, forecasts and estimates on the economy, financial markets or economic trends of the markets mentioned herein are not necessarily indicative of the future or likely performance of the Fund. The Fund may use financial derivative instruments for the purposes of investment, efficient portfolio management and/or hedging.
Investments in the Fund are not deposits in, guaranteed or insured by the Manager and involve risks. Past performance of the manager or sub-manager is not necessarily indicative of their future performance. The value of units in the Fund and any income accruing to them may fall or rise. Past performance of the Fund is not necessarily indicative of future performance. Investors should read the Singapore prospectus and seek advice from a financial adviser before deciding whether to purchase units in the Fund. A copy of the Singapore prospectus and the product highlights sheet can be obtained from Manulife or its distributors. In the event an investor chooses not to seek advice from a financial adviser, he should consider whether the Fund is suitable for him.
Distributions are not guaranteed. Investors should refer to the Singapore prospectus for the distribution policy of the Fund. The Directors of the Company shall have the absolute discretion to determine whether a distribution is to be made in respect of the Fund as well as the rate and frequency of distributions to be made. Distributions may be made out of (a) income, or (b) net realised gains, or (c) capital of the Fund, or (d) gross income while charging all or part of the fees and expenses to capital, or (e) any combination of (a), (b), (c) and/or (d). Past distribution yields and payments are not necessarily indicative of future distribution yields and payments. Any payment of distributions by the Fund is expected to result in an immediate decrease in the net asset value per share of the Fund.
This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.