The Pension Bridge Institutional Asset Management Award evaluates both quantitative and qualitative factors to determine honor
TORONTO, Oct. 1, 2020 /CNW/ – Manulife Investment Management announced today that Manulife Strategic Fixed Income Strategy was recently awarded Active Global Fixed Income Strategy of the year from the Pension Bridge Institutional Asset Management Awards. The strategy was evaluated on 1,3, and 5 year active performance returns in U.S. dollars compared with the most relevant benchmark. When evaluated against the institutional active global fixed income peer group, Manulife Strategic Fixed Income Strategy ranked in the top quartile on a 1 year basis and the second quartile on both a 3 and 5 year basis.1
The award criteria also examined the number of mandates that have been won over a 12 month period, assets under management, consistency in investment style, environmental, social, and governance (ESG) integration and analysis in the portfolio, and the quality of client servicing.
“Thank you to Pension Bridge Institutional Asset Management Awards for recognizing not only the performance of our flagship Strategic Fixed Income Strategy, but also for giving the team an opportunity to showcase the transparency of their investment process,” said Christopher P. Conkey, CFA, global head of public markets, Manulife Investment Management. “From a firm perspective, we believe in supporting our clients with the benefit of knowledge exchange, in facilitating an in-depth understanding of their mandates, and in providing insight on wider industry developments in capital markets and asset management.”
The Manulife Investment Management Strategic Fixed Income Strategy seeks to generate competitive, risk-adjusted performance by investing across global fixed-income markets. The strategy is managed by Daniel S. Janis III, senior portfolio manager, head of global multi-sector fixed income; Thomas C. Goggins and Kisoo Park, senior portfolio managers; and Christopher M. Chapman, CFA, portfolio manager. The team looks to add value primarily through sector rotation, security selection, and opportunistic currency investments and believes in a fundamental, risk-managed investment process that finds opportunities around the globe while controlling interest-rate, credit, currency, and liquidity risk. Together, the portfolio management team averages 31 years of investment industry experience and manages over US$35 billion in assets on behalf of institutional and retail investors.
“We’re honored to have our team recognized by Pension Bridge for our philosophical approach to managing risk and commitment to our long-term investment process. We believe there are still opportunities within global fixed income to add value to our clients’ portfolios despite the challenges of the current rate environment and expected event-driven volatility,” added Mr. Janis.
###
1 eVestment Global Multi-Sector and Global Unconstrained universes, as of June 30, 2020.
Methodology and judging criteria The first stage used purely the quantitative elements to derive leaderboards from the entries. These leaderboards informed and populated the short lists for each category, which went through to the second stage of judging, where a panel of independent and impartial judges from Institutional Investors and Consultants ensured firstly that the data is correct and then used their knowledge and the qualitative elements of the entry process to decide on the winners by category. All data requested is through June 2020.
Fund performance category mix 1: fixed income, equities, hedge funds, and other
Quantitative > 1-year active performance return next to the most appropriate benchmark (20% of the overall scoring) ended June 2020
> 3-year active performance return next to the most appropriate benchmark (10% of the overall scoring) ended June 2020
> 5-year active performance return next to the most appropriate benchmark (10% of the overall scoring) ended June 2020
> Net AUM growth in real terms over a 12 month-period (AUM to be supplied in USD) (10% of the overall scoring) ended June 2020
> Net AUM growth in % terms over 12-month period (AUM to be supplied in USD) (10% of the overall scoring) ended June 2020
> Number of institutional mandates won over a 12-month period (10% of the overall scoring) ended June 2020
Qualitative Items to take into consideration are ESG/Innovation, key staff turnover, usage of any marketing and sales materials, etc. (30% of the overall scoring)
About Manulife Investment Management Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 17 countries and territories. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We’re committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement.
As of June 30, 2020, Manulife Investment Management had CAD$900 billion (US$660 billion) in assets under management and administration. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.
SOURCE Manulife Investment Management
For further information: Media contacts: Brooke Tucker-Reid, Manulife Investment Management, Canada, 647-528-9601, [email protected]; Elizabeth Bartlett, Manulife Investment Management, United States and Europe, 857-210-2286, [email protected]; Carl Wong, Manulife Investment Management, Asia, 852-2510-3180, [email protected]
NEW YORK (AP) — Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House.
Tesla stands to make significant gains under a Trump administration with the threat of diminished subsidies for alternative energy and electric vehicles doing the most harm to smaller competitors. Trump’s plans for extensive tariffs on Chinese imports make it less likely that Chinese EVs will be sold in bulk in the U.S. anytime soon.
“Tesla has the scale and scope that is unmatched,” said Wedbush analyst Dan Ives, in a note to investors. “This dynamic could give Musk and Tesla a clear competitive advantage in a non-EV subsidy environment, coupled by likely higher China tariffs that would continue to push away cheaper Chinese EV players.”
Tesla shares jumped 14.8% Wednesday while shares of rival electric vehicle makers tumbled. Nio, based in Shanghai, fell 5.3%. Shares of electric truck maker Rivian dropped 8.3% and Lucid Group fell 5.3%.
Tesla dominates sales of electric vehicles in the U.S, with 48.9% in market share through the middle of 2024, according to the U.S. Energy Information Administration.
Subsidies for clean energy are part of the Inflation Reduction Act, signed into law by President Joe Biden in 2022. It included tax credits for manufacturing, along with tax credits for consumers of electric vehicles.
Musk was one of Trump’s biggest donors, spending at least $119 million mobilizing Trump’s supporters to back the Republican nominee. He also pledged to give away $1 million a day to voters signing a petition for his political action committee.
In some ways, it has been a rocky year for Tesla, with sales and profit declining through the first half of the year. Profit did rise 17.3% in the third quarter.
The U.S. opened an investigation into the company’s “Full Self-Driving” system after reports of crashes in low-visibility conditions, including one that killed a pedestrian. The investigation covers roughly 2.4 million Teslas from the 2016 through 2024 model years.
And investors sent company shares tumbling last month after Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, seeing not much progress at Tesla on autonomous vehicles while other companies have been making notable progress.
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
