Manulife Investment Management launches Money Market Fund

MANILA October 5, 2021 - Manulife Investment Management Philippines (Manulife IM [Philippines]) has recently launched the Manulife Money Market Fund, a unit investment trust fund (UITF) that seeks to preserve capital and generate income by investing in fixed income securities and deposits, with a maximum remaining term to maturity of up to one year.  Investors may avail of the Fund for as low as Php1,000. 

"In light of the continued uncertainties and market volatility brought by the pandemic, the Manulife Money Market Fund offers a holding place for investors while awaiting other investment opportunities," said Aira Gaspar, President and CEO of Manulife IM Philippines. “The Fund is a good entry point for younger Filipinos who want to start their investment journey with a professionally managed fund that aims to preserve capital while earning income.”

According to Manulife’s recent study,“Know Your Ys and Zs: A closer look at the financial and mental well-being of Filipino millennials and Generation Zs in the time of COVID-19,” the surveyed millennial and Gen Z Filipinos, on average, have started investing in their early 20s, with more than 20% of them already owning UITFs currently.  In addition, 25% of millennials covered in the study maintain a very balanced approach of risk and protection in their investment goals, and have a grasp of longer-term wealth accumulation. 

“The Manulife Money Market Fund can help investors build and diversify their investment portfolios, especially those who have relatively lower risk appetites, to achieve their important financial goals across market cycles,” Gaspar added. 

Committed to provide a diversified range of investment solutions for varied investment objectives and risk appetites, Manulife IM (Philippines) was named as one of the top investment houses in the country by leading Asia financial magazine The Asset in the 2021 Benchmark Research Awards. 

Interested investors who want to avail of the Fund may contact a Manulife Wealth Specialist or visit www.manulifeim.com.ph  

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About Manulife Investment Management and Trust Corporation

Manulife Investment Management and Trust Corporation is a wholly owned subsidiary of The Manufacturers Life Insurance Co. (Phils.) Inc. (Manulife Philippines). It acquired its trust and other fiduciary business license from the Bangko Sentral ng Pilipinas in 2017 and started operations in September 2017. It operates under the brand name of Manulife Investment Management, the global wealth and asset management segment of Manulife Financial Corporation. For additional information, please visit www.manulifeim.com.ph.

About Manulife Philippines 

The Manufacturers Life Insurance Company opened its doors for business in the Philippines in 1907. Since then, Manulife’s Philippine Branch and later The Manufacturers Life Insurance Co. (Phils.), Inc. (Manulife Philippines) has grown to become one of the country’s leading life insurance companies. Manulife Philippines is a wholly-owned domestic subsidiary of Manulife Financial Corporation, among the world’s largest life insurance companies by market capitalization. Learn more about Manulife Philippines by visiting their website www.manulife.com.ph and following them on Facebook (www.facebook.com/ManulifePH), Twitter (@ManulifePH), and Instagram (@manulifeph).

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 March 31, 2021, Manulife Investment Management had CAD $764.1 billion (US $607.6 billion) in assets under management and administration. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.

About Manulife

Manulife Financial Corporation is a leading international financial services provider 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 our global wealth and asset management segment, Manulife Investment Management, serves individuals, institutions and retirement plan members worldwide. At the end of 2020, we had more than 37,000 employees, over 118,000 agents, and thousands of distribution partners, serving over 30 million customers. As of March 31, 2021, we had CAD$1.3 trillion (US$1.0 trillion) in assets under management and administration, and in the previous 12 months we made $31.3 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 155 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.

Disclaimer

The products and services of Manulife Investment Management and Trust Corporation are trust and/or investment solutions and NOT deposit accounts, obligations of, guaranteed, or insured by the company, its parent company or its affiliates. The Fund/s are not insured or governed by the Philippine Deposit Insurance Corporation (PDIC). Due to the nature of the investment, yields and potential yields cannot be and are not guaranteed. Any loss/income arising from market fluctuations and price volatility of the securities held by the Fund/s, even if invested in government securities, is for the account of the client/participant. As such, the units of participation of the investor in the Fund/s, when redeemed, may be worth more or be worth less than his/her initial investment contributions. When presented, historical performance is purely for reference purposes and is not a guarantee of similar future results. Manulife Investment Management and Trust Corporation is not liable for losses unless upon willful default, bad faith, or gross negligence on its part.

Manulife Investment Management and Trust Corporation, its products and services are regulated and governed by the Bangko Sentral ng Pilipinas (BSP) with telephone number (02) 8708-7087 and email address consumeraffairs@bsp.gov.ph. For inquiries or complaints relating to our products and services, you may call our Customer Care Hotline at (02) 8884-7000 or send an email to phtrust@manulife.com. To know your rights under BSP Circular No. 857 (Regulations on Financial Consumer Protection), please access a copy at the BSP website (www.bsp.gov.ph).