Welcome to our dedicated page for Manulife Financial news (Ticker: MFC), a resource for investors and traders seeking the latest updates and insights on Manulife Financial stock.
Manulife Financial Corporation reports developments across its international insurance, financial advice, health solutions, and wealth and asset management businesses. The company operates as Manulife in Canada and Asia and primarily as John Hancock in the United States, with news commonly covering insurance distribution, retirement services, investment solutions, customer health and longevity initiatives, and community programs.
Recurring updates also include quarterly and annual results, dividend announcements, annual meeting materials, management information circulars, shareholder voting matters, executive conference participation, and capital actions involving common and preferred shares. News from John Hancock adds detail on U.S. insurance sales, executive benefits, the John Hancock Vitality program, and longevity-focused research and planning tools.
John Hancock Investment Management has launched the John Hancock International High Dividend ETF (JHID), aiming for high current income and long-term capital growth. The ETF targets at least 80% of its net assets in dividend-paying large- and mid-cap equities from non-U.S. developed markets. This expansion brings John Hancock's ETF offerings to ten funds. Notably, $45 billion flowed into dividend-focused ETFs in 2022, indicating strong market interest. The investment strategy entails risks, including potential losses and market volatility.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
On December 5, 2022, John Hancock Investment Management announced enhancements to the John Hancock Freedom 529 education savings plan. A new Stable Value Portfolio was added to the investment options, aimed at maintaining principal stability and maximizing income. The plan also saw fee reductions, effective October 15, 2022, which lowered total annual asset-based fees by converting several funds to lower-cost share classes, averaging a 12% reduction. The Freedom 529 plan helps families save for education, managing around $5 billion in assets.
Manulife Investment Management has launched the Manulife Forest Climate Fund, a closed-end fund aimed at promoting climate change mitigation through sustainably managed forests. The fund seeks to raise US$500 million in committed capital and will focus on acquiring forests with strong carbon potential. It plans to deliver carbon credits to investors while ensuring compliance with sustainability regulations, including the EU's Article 9. This initiative highlights Manulife's commitment to environmental stewardship and aims to align with the growing demand for sustainable investing.
Manulife Financial Corporation has appointed Don Lindsay as Vice Chair of the Board of Directors, effective immediately. Lindsay, who brings extensive leadership experience from his tenure at Teck Resources Limited and CIBC World Markets, will succeed John Cassaday as Chair upon Cassaday's retirement on February 15, 2023. The change aims to enhance board leadership as Manulife continues its mission of improving customer experiences.
John Hancock Investment Management announced enhancements to its municipal fund suite, effective October 1, 2022. These changes include management fee reductions and expense cap adjustments for the John Hancock Municipal Opportunities Fund, California Municipal Bond Fund, and High Yield Municipal Bond Fund, resulting in lower expense ratios for shareholders. Additionally, the eligibility for Class A shares was lowered from $1 million to $250,000, increasing access for investors. The launch of the John Hancock Short Duration Municipal Opportunities Fund also aims for tax-exempt total returns while preserving capital.
Summary not available.