Manulife Investment Management and Trust Corp. launched two new unit investment trust funds in the Philippines.
It said Manulife Asia Short Duration Bond Feeder Fund is a bond feeder UITF investing primarily in a portfolio of mainly investment-grade short duration fixed-income securities issued by governments, agencies, supranationals and corporations in Asia, Australia and New Zealand. Portfolio duration is a maximum of three years.
Meanwhile, Manulife Global Dynamic Leaders Equity Feeder Fund is an equity feeder UITF investing primarily in a concentrated portfolio of equity and equity-related securities of large capitalization companies listed globally. Investors may access both UITFs in both peso and US dollar share classes for as low as P1,000 or $100, respectively.
“While global economic growth could remain challenged this year, Manulife Investment Management sees opportunities in high-quality Asian bonds as a resilient investment in the current environment. For aggressive investors, high-quality global equities can offer long-term potential capital appreciation and dividends,” said AiraGaspar, president and chief executive of Manulife Investment Management.