Manulife Investment Management's Strategic Fixed Income Strategy wins Active Global Fixed Income Strategy of the year - Canada NewsWire | Canada News Media
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.
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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]
TORONTO – Canada’s main stock index was down more than 200 points in late-morning trading, weighed down by losses in the technology, base metal and energy sectors, while U.S. stock markets also fell.
The S&P/TSX composite index was down 239.24 points at 22,749.04.
In New York, the Dow Jones industrial average was down 312.36 points at 40,443.39. The S&P 500 index was down 80.94 points at 5,422.47, while the Nasdaq composite was down 380.17 points at 16,747.49.
The Canadian dollar traded for 73.80 cents US compared with 74.00 cents US on Thursday.
The October crude oil contract was down US$1.07 at US$68.08 per barrel and the October natural gas contract was up less than a penny at US$2.26 per mmBTU.
The December gold contract was down US$2.10 at US$2,541.00 an ounce and the December copper contract was down four cents at US$4.10 a pound.
This report by The Canadian Press was first published Sept. 6, 2024.
TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in technology, financial and energy stocks, while U.S. stock markets also pushed higher.
The S&P/TSX composite index was up 171.41 points at 23,298.39.
In New York, the Dow Jones industrial average was up 278.37 points at 41,369.79. The S&P 500 index was up 38.17 points at 5,630.35, while the Nasdaq composite was up 177.15 points at 17,733.18.
The Canadian dollar traded for 74.19 cents US compared with 74.23 cents US on Wednesday.
The October crude oil contract was up US$1.75 at US$76.27 per barrel and the October natural gas contract was up less than a penny at US$2.10 per mmBTU.
The December gold contract was up US$18.70 at US$2,556.50 an ounce and the December copper contract was down less than a penny at US$4.22 a pound.
This report by The Canadian Press was first published Aug. 29, 2024.
The crypto market has recently experienced a significant downturn, mirroring broader risk asset sell-offs. Over the past week, Bitcoin’s price dropped by 24%, reaching $53,000, while Ethereum plummeted nearly a third to $2,340. Major altcoins also suffered, with Cardano down 27.7%, Solana 36.2%, Dogecoin 34.6%, XRP 23.1%, Shiba Inu 30.1%, and BNB 25.7%.
The severe downturn in the crypto market appears to be part of a broader flight to safety, triggered by disappointing economic data. A worse-than-expected unemployment report on Friday marked the beginning of a technical recession, as defined by the Sahm Rule. This rule identifies a recession when the three-month average unemployment rate rises by at least half a percentage point from its lowest point in the past year.
Friday’s figures met this threshold, signaling an abrupt economic downshift. Consequently, investors sought safer assets, leading to declines in major stock indices: the S&P 500 dropped 2%, the Nasdaq 2.5%, and the Dow 1.5%. This trend continued into Monday with further sell-offs overseas.
The crypto market’s rapid decline raises questions about its role as either a speculative asset or a hedge against inflation and recession. Despite hopes that crypto could act as a risk hedge, the recent crash suggests it remains a speculative investment.
Since the downturn, the crypto market has seen its largest three-day sell-off in nearly a year, losing over $500 billion in market value. According to CoinGlass data, this bloodbath wiped out more than $1 billion in leveraged positions within the last 24 hours, including $365 million in Bitcoin and $348 million in Ether.
Khushboo Khullar of Lightning Ventures, speaking to Bloomberg, argued that the crypto sell-off is part of a broader liquidity panic as traders rush to cover margin calls. Khullar views this as a temporary sell-off, presenting a potential buying opportunity.
Josh Gilbert, an eToro market analyst, supports Khullar’s perspective, suggesting that the expected Federal Reserve rate cuts could benefit crypto assets. “Crypto assets have sold off, but many investors will see an opportunity. We see Federal Reserve rate cuts, which are now likely to come sharper than expected, as hugely positive for crypto assets,” Gilbert told Coindesk.
Despite the recent volatility, crypto continues to make strides toward mainstream acceptance. Notably, Morgan Stanley will allow its advisors to offer Bitcoin ETFs starting Wednesday. This follows more than half a year after the introduction of the first Bitcoin ETF. The investment bank will enable over 15,000 of its financial advisors to sell BlackRock’s IBIT and Fidelity’s FBTC. This move is seen as a significant step toward the “mainstreamization” of crypto, given the lengthy regulatory and company processes in major investment banks.
The recent crypto market downturn highlights its volatility and the broader economic concerns affecting all risk assets. While some analysts see the current situation as a temporary sell-off and a buying opportunity, others caution against the speculative nature of crypto. As the market evolves, its role as a mainstream alternative asset continues to grow, marked by increasing institutional acceptance and new investment opportunities.
