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Manulife Investment Management (MIM) and its parent company, Manulife are fully committed to taking positive action on sustainability issues. At Manulife, these cover a range of objectives including climate change, diversity, equity and inclusion, customer centricity and shareholder value, and health and wellness. With our proud history as a trusted insurer, long-term investor, and good corporate citizen, we want to make decisions easier and lives better for customers, work with external and internal parties to benefit all stakeholders and have a positive environmental and social impact.

Read about Manulife’s approach to embrace and achieve its sustainability goals here.

Our commitment to sustainability extends across the organization

At MIM, we are fully aligned with our parent company’s commitment to advance sustainable investing globally. We believe sustainable investing improves risk-adjusted returns and goes beyond financial performance to help create long-term value for our stakeholders and communities. 

Why we strive to deliver sustainable outcomes 

From an investor perspective, sustainability issues can significantly impact investment returns over the medium and longer term. Therefore, we believe that companies with strong environmental, social, and governance characteristics represent better investment opportunities. These firms tend to be more resource-efficient, possess a lower ESG risk profile and have processes and products that can adapt to changes in regulations. We take full advantage of our public and private markets capabilities, combining our global sustainability and investment teams with local insights to deliver sustainable outcomes.

How we can help with understanding ESG

What is sustainable investing? Who should consider adopting a sustainable investing approach? At MIM, we provide wide-ranging research resources to support your understanding of ESG investing. Read more related articles below:

Navigating ESG integration in China A-Shares investing

ESG investing in Asia – an invisible evolution

Evolving the ESG conversation

Our solutions
Our solutions
Our capabilities
Our capabilities

Sustainability

 

When building investment portfolios, we take a holistic approach to cover both ESG-related risks and opportunities; this involves the following key components:

Across all asset classes, we continue to integrate ESG analysis into our investment and operating activitiesa. Our integration strategy involves identifying and assessing sustainability factors and engaging with the companies we invest in to gather information, reduce or remove ESG-related challenges and enhance risk-adjusted returns.

Our approach to ESG integration aims to increase returns and reduce risks, and has resulted in industry recognition 


For illustrative purposes only 

A demonstrated commitment to sustainability, as supported by our most recent PRI assessmentb.

See our 2021 Summary Scorecard

Manulife was named to the PRI Leaders’ Group 2020 for excellence in climate reportingc.

Highly commended by Savvy Investor Awardd for The Best White Papers of 2020: ESG investing in Asia—an invisible evolution.

a We look to incorporate material ESG considerations throughout the stages of our investment and asset ownership lifecycles, taking into account the characteristics of the asset class and investment process in question, as well as industry and geography, among other factors. Each investment team operates in different markets and with different nuances to its approach to investing. Accordingly, each team integrates ESG factors into its investment process in a manner that best aligns with its investment approach.
b Manulife Investment Management is a signatory to the Principles for Responsible Investment (PRI) and pays an annual fee. It is compulsory for signatories to report on their responsible investment activities annually.
c Please visit the PRI website to learn more about the methodology for PRI Leaders. As of September 18, 2020. Most recent PRI Leaders’ Group. PRI has announced that the 2021 PRI Leaders’ Group on Stewardship has been postponed.
d www.savvyinvestor.net/awards-2020

As active owners, we work closely and engage with management teams, collaborate with other stakeholders and/or exercise our shareholder voting rights to help these businesses and our operations progress toward their sustainability goals. This involves establishing a framework of policies, training, and governance to promote sustainability, address risks in investment practices, and ensure that all clients’ interests are prioritized. 

Applying stewardship to all assets* helps companies move towards sustainability 


For illustrative purposes only 
* Manulife Investment Management is an asset manager of public markets in equities and fixed income with 1,313 total number of company engagements conducted in 2021a. We are also asset managers of timber assets and green-certified buildings in our global real estate equity portfolio. Note that certain assets are not applicable to retail investors.

a Full report is not publicly available. More information is available upon request. Information as of December 2021.

We also work with international working groups, market participants, policymakers, and non-governmental organizations (NGOs) to amplify our efforts in tackling sustainability issues. In 2017, we were a founding member of Climate Action 100+a, a five-year initiative that now represents US$55 trillion in investor capital globally as of August 2021. It’s the largest investor-led collaborative engagement initiative of its kind ever assembled. 

Our lead initiatives and sustainability partnersb

a www.climateaction100.org
b Selected affiliations.  (i) Leading harvest: www.leadingharvest.org. (ii) Task Force on Nature- Related Financial Disclosures: www.fsb-tcfd.org. (iii) Climate Action 100+: www.climateaction100.org. (iv) Asia Investor Group on Climate Change (AIGCC): www.aigcc.net/members. (v) Investor Network on Climate Risk: www.ceres.org/networks/ceres-investor-network. (vi) United Nations Environment Programme Finance Initiative (UNEP FI): www.unepfi.org. (vii) World Benchmarking Alliance: www.worldbenchmarkingalliance.org/wba-allies. (viii) SASB: www.sasb.org/investor-use/supporters. (ix) PRI: www.unpri.org. (x) Asian Corporate Governance Association: www.acga-asia.org. (xi) 30% Club Canadian Investor Group: 30percentclub.org/initiatives/investor-group.

Our commitment to transparency includes reporting on the outcomes of our sustainable-investing efforts and asset-management process and approach. We support the adoption of industry-wide standards for disclosure, including the framework outlined by the task force on climate-related financial disclosures (TCFD)a.

Governance and ethics

Stewardship report

Cluster munitions policy

Pre-contractual Disclosure

 

Environmental impact

Climate change statement

Disclosures on Climate-related Risk Management

Climate Metrics Disclosure

Social responsibility

Manulife Investment Management SRI (Sustainable and Responsible Investing) report

 

a The Task Force on Climate-related Financial Disclosures (TCFD) framework, established in 2017 by the Financial Stability Board suggests disclosures in four categories: governance, strategy, risk management and metrics, and targets. Task Force on Nature- Related Financial Disclosures: www.fsb-tcfd.org.

Our case studies

We believe in action, making a positive impact on the community, environment, and investment industry. We aim to lead by example and share our stories to inspire change.

  • Problem: A lack of reporting on TCFD (Task Force Climate Related Financial Disclosures) and climate change strategy. 
  • Action: Our investment team guided the company on developing ESG best practices. It subsequently joined PRI and Climate Action 100+, developed a low carbon strategy and prepared its first TCFD report. 

Stewardship: Climate change risk management

We engaged with a Chinese insurance company on its ESG disclosure, TCFD alignment, and climate change strategy. We shared our view that climate change was a key risk for the company and outlined the additional information that it could provide to help our investment analysis. We also highlighted best practices from other global insurance companies in an effort to encourage changed behavior at the firm.

The company subsequently joined PRI and Climate Action 100+. It further developed a low-carbon strategy and began preparing its first TCFD report. This became the first TCFD report in China, and the company aims to be a leader in ESG standards in the country. We believe our engagement was a contributing factor to these changes. The actions taken by the company also bolstered our investment thesis by demonstrating that climate risks are being addressed. Our teams have since shared this firm’s TCFD report as a model for other companies in China.

For illustrative purpose only.

  • Problem: A lack of female representation and complicated shareholding structure within company. 
  • Action: Through our engagement and risk mitigation techniques, company improved gender diversity and streamlined cross-shareholding structure. 

Stewardship: Greenhouse gas (GHG) emissions, gender diversity, and systemic market risk

In 2019, we engaged with a Japanese steel company across several ESG topics in an effort to learn more about its risk mitigation techniques, encourage better disclosure, and seek other behavioral changes.

The steel industry is one of the highest GHG-emitting industries, and so we focused on environmental topics in our conversation with the issuer. The company completed a TCFD report, and for its scenario analysis, used both a 2°C and 4°C scenario. The company also identified significant potential to reduce carbon emissions in the future by using hydrogen in the ferro-coke process.

We also discussed human capital development efforts with specific attention to diversity. The firm noted that it’s working on improving gender diversity in the workplace and had already achieved three times its 2014 baseline.

Finally, we raised the issue of crossholdings—a governance risk systemic to the Japanese market. We encouraged the company to ensure any crossholdings were relevant to the business and to avoid an inefficient lockup of capital.

For illustrative purpose only.

  • Problem: Lacks governance framework that clearly defines company’s strategy on climate change and GHG reduction. 
  • Action: Collaboration under Climate 100+ to co-lead discussions with company management. The company subsequently updated its emission reduction targets, expanded its net zero target strategy, and improved disclosures. 

Collaboration: Co-lead efforts to reduce greenhouse gas (GHG) emissions

Manulife Investment Management is a member of the Climate Action 100+ initiative, which seeks commitments from the boards and senior management of target companies to take three actions:

  1. Implement a strong governance framework that clearly articulates the board’s accountability and oversight of climate change risks and opportunities
  2. Reduce GHG emissions across the value chain, consistent with the Paris Agreement’s goal of limiting the global average temperature increase to well below 2°C above preindustrial levels
  3. Enhance corporate disclosure in line with the final recommendations of the TCFD

Under the Climate Action 100+ umbrella, Manulife Investment Management co-led engagement efforts since 2018 with an oil and gas company to work toward the three goals above. Multiple discussions included senior management and members of the board. Over the course of 2019, the company took the noteworthy step of adopting a net zero aspirational target in relation to certain operations. The company subsequently updated short-term emission reduction targets that helped provide some insight into how the company could work toward achieving its target. Discussions are ongoing, and we continue to collaborate with other investors to support the company to increase its commitment to GHG emissions reduction, improved disclosure, and strengthened targets.

For illustrative purpose only.

  • Problem: An issuer’s debt was maturing at a time of significant market stress. 
  • Action: Our fixed income team collaborated with 10 other debt holders to successfully negotiate refinancing. 

Collaboration: Refinancing in the face of market stress

In 2020, one of our fixed-income teams led an engagement, in collaboration  with 10 other debt holders, to address debt set to mature in 2021 for an  environmental waste services firm. Our team, along with the issuer, had  significant concerns around the debt maturing at a time of significant market  stress when refinancing would be unlikely. We engaged in an active dialogue  with the company, bankers, and other debt holders to guide the company on market terms and open up the dialogue with large creditors. Our efforts  ultimately resulted in a successful refinancing of all the relevant debt, and we  continue to hold a position in the newly issued debt.

For illustrative purpose only.

1 Refer to Manulife Investment Management: Sustainable and responsible investing 2019 report here.

2 Refer to Manulife Investment Management: Stewardship report 2021 here.

 

Take the next step of the sustainability journey
Take the next step of the sustainability journey

ESG investing in Asia continues to evolve. Make a meaningful, sustainable impact with your investments.

Explore the next step of the sustainability journey here.

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Disclosures on Climate-related Risk Management
 

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Pre-contractual Disclosure


Disclosures on Liquidity Risk Management

This website may contain information provided, compiled or arrived at from sources believed to be reliable but Manulife Investment Management (Hong Kong) Limited does not make any representation as to the accuracy, correctness, usefulness or completeness of the information on this website and does not accept liability for any loss arising from the use hereof or the information and/or analysis contained herein.

Please take note that information provided here is for your reference only. No information contained here should be relied upon as investment advice or regarded as a substitute for any investment advice.

Investment involves risk. Investors should not only base on this website alone to make investment decisions and should read the offering documents for details, including the risk factors, charges and features of the products and services. This website has not been reviewed by the Securities and Futures Commission of Hong Kong. Issued by Manulife Investment Management (Hong Kong) Limited.

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Global

 General Risk Disclosure
 

  • Funds offered on this platform may invest in equity, fixed income securities, exchange-traded funds, collective investment schemes and/or other instruments, including derivatives, and each of which has its specific investment objective/ policy with its specific features and different risk profile.
  • Distribution of dividends, the frequency of distribution and the amount/rate of dividends are not guaranteed. Dividend of certain share/unit classes, at the fund or the investment manager’s discretion, may be paid out of capital or gross income while charging / paying all or part of its fees and expenses out of its capital. This amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment, and may result in an immediate reduction of the net asset value per share/unit of the respective share/unit classes after the distribution date.
  • Some funds may invest in bonds or debt securities which may be subject to credit, liquidity, counterparty and market risks.
  • Some funds may invest in non-investment grade bonds and unrated securities which may be subject to greater credit and liquidity risks, and may be more volatile than higher rated securities. Some funds may invest in investment grade debt securities, which may be subject to ratings downgrades by the rating agencies that may affect the net asset value of the fund.
  • Some funds may invest in derivative instruments which may involve additional risks. (For example, leverage may cause greater volatility.)
  • Some funds may make extensive use of derivatives including more complex derivative instruments or strategies to achieve the investment objective, this may give rise to additional exposure in that performance may rise or fall more than it would have done otherwise. In adverse situations, the fund’s use of derivative instruments may become ineffective and the fund may suffer significant losses. The use of derivatives may give rise to leverage, liquidity, counterparty and valuation risks.
  • Some funds may invest in emerging economies or markets, where special risks, including liquidity, volatility, government policies, taxation, currency, currency repatriation, political and regulatory risks, may be substantially higher than the risks normally associated with more developed economies or markets.
  • Some funds may invest in securities of small and/or medium sized companies in the relevant markets. This can involve greater risk than is customarily associated with investments in larger and more established companies.
  • Some funds may invest in a single country/region and/or a particular industry sector which may be concentrated and subject to greater risks than diversified investments in several countries and/or regions and across sectors.
  • Some funds may invest directly in certain China A shares via the Stock Connect, which may involve risks related to investments via the Stock Connect and Mainland China investment.
  • Some funds may have significant exposure to Renminbi ("RMB") bonds/equity/assets or emerging markets, which will be subject to debt instrument, credit/counterparty, concentration, liquidity, volatility, currency, tax, economic, foreign exchange/multi-currency conversion, down-grading, regulatory and political risks and these risks could be substantially higher than the risks normally associated with more established markets.
  • Some funds with significant exposure to RMB bonds/equity/assets may hold a significant portion of assets in deposits if there are not sufficient RMB instruments to invest in. This may adversely affect the funds’ return and performance.
  • Some funds using Qualified Foreign Institutional Investor (“QFII”) quota to invest directly in debt instruments/shares in Mainland China may be subject to various requirements and restrictions under the laws of Mainland China related to QFII investment and custodial risks.
  • Some funds are subject to the risks of investing in other funds and the risks relating to asset allocation strategy and/or downside risk management process.
  • As RMB is not freely convertible, currency conversion is subject to exchange controls and restrictions. There can be no assurance that RMB will not be subject to devaluation. Insufficient amount of RMB for currency conversion or devaluation of RMB could adversely affect the value of investors’ investments in the RMB denominated class(es) of certain funds. The “Dim Sum” bond market is still a relatively small market which is more susceptible to volatility and illiquidity. Due to RMB concentration risk, the value of the funds with substantial RMB exposure may be more volatile than that of a fund having a more diverse portfolio of investments.
  • Some funds’ performance will be closely tied to the economic, political, regulatory, geopolitical, market, currency or other conditions in the European Economic Area and may be subject to increased liquidity, price, and foreign exchange risk.
  • Some funds may invest in Russia and some investments in Russian securities may be unlisted securities not dealt on a regulated market. The Russian market presents specific risks in relation to the settlement and safekeeping of securities.
  • Investment involves risk. Investors may expose to capital loss and should not invest solely based on the information on this website alone and should read the offering documents for details including the associated risk factors, charges and features of the funds and their share/unit classes. Past performance information is not indicative of future performance.


Manulife Global Fund

  • Manulife Global Fund is an umbrella fund comprising a number of sub-funds investing in equity and/or fixed income securities, each of which has a different investment objective and risk profile and may involve equity market,  geographical concentration, sovereign debt, liquidity, volatility, credit downgrade, interest rate, counterparty risks. 
  • The relevant distributing class of the sub-funds does not guarantee distribution of dividends, the frequency of distribution and the amount/rate of dividends. Dividends may be paid out of income, realized capital gains and/or out of capital of certain sub-funds in respect of Inc share class(es). Dividends may be paid out of realized capital gains, capital and/or gross income while charging all or part of their fees and expenses to capital (i.e. payment of fees and expenses out of capital) in respect of MDIST (G) and R MDIST (G) share class(es).  Dividends paid out of capital of these sub-funds amounts to a return or withdrawal of part of the amount of an investor’s original investment or from any capital gains attributable to that original investment and may result in an immediate decrease in the net asset value per share in respect of such class(es) of the sub-funds.
  • Certain sub-funds invest in emerging economies or markets, where special risks, including liquidity, volatility, government policies, taxation, currency, currency repatriation, political and regulatory risks, may be substantially higher than the risks normally associated with more developed economies or markets.
  • Certain sub-funds invest in securities of small and medium sized companies in the relevant markets. This can involve greater risk than is customarily associated with investments in larger and more established companies.
  • Certain sub-funds concentrate their investments in a single country and/or a particular industry sector are subject to greater risks than diversified investments in several countries and/or regions and across sectors.
  • Certain sub-funds may invest directly in certain China A shares via Stock Connect, which may involve in risk related to Investments via Stock Connect and Mainland China investment.
  • Investment involves risk. The sub-funds may expose their investors to capital loss. Investors should not invest solely based on this material and should read the offering document for details including the risk factors, charges and features of the sub-funds and their share classes.
  • Each sub-fund intends to use financial derivative instruments (“FDIs”) for investment, efficient portfolio management and/or hedging purposes.  The use of FDIs exposes the Fund to additional risks, including counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. 
  • Given RMB is currently not a freely convertible currency,  payment of redemptions and/or dividend payment in RMB may be delayed due to the exchange controls and restrictions applicable to RMB. As offshore RMB (CNH) will be used for the valuation of RMB denominated Class(es), CNH rate may be at a premium or discount to the exchange rate for onshore RMB (CNY) and there may be significant bid and offer spreads and thus the value of the RMB denominated Class(es) will be subject to fluctuation.  Any devaluation of RMB could adversely affect the value of investors’ investments in the RMB denominated Class(es) of certain sub-funds.


Manulife Advanced Fund SPC

  • Manulife Advanced Fund SPC is an umbrella fund comprising a number of sub-funds investing primarily in equity and bond securities, each of which has a different investment objective and risk level.
  • The sub-funds do not guarantee distribution of dividends, the frequency of distribution, and the amount/rate of dividends. A sub-fund may at its discretion pay dividend out of capital or gross income while charging / paying all or part of its fees and expenses out of its capital. This amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment, and may result in an immediate reduction of the net asset value per share of the respective share classes after the distribution date.
  • Certain sub-funds with significant exposure to Renminbi (“RMB”) bonds/equity/assets or emerging markets, may involve debt instrument, credit/counterparty, concentration, liquidity, volatility, currency, tax, economic, foreign exchange/multi-currency conversion, down-grading, regulatory and political risks and these risks could be substantially higher than the risks normally associated with the world's more established markets.
  • A bond sub-fund may hold a significant portion of assets in deposits if there are not sufficient RMB instruments for it to invest in.  This may adversely affect its return and performance.
  • Certain sub-funds using invest directly in debt instruments/shares via QFII regime, the Bond Connect and/or the Foreign Access Regime are subject to various requirements and restrictions under the laws of Mainland China related to investment in QFII and/or China Interbank Market and custodial risks.
  • RMB is not freely convertible and is subject to exchange controls and restrictions.
  • Certain sub-funds may have significant concentrated exposures to particular industry sectors and geography's, which subjects investors to concentration and equity market risk.
  • Certain sub-funds may invest in equities of small- and mid-capitalization companies, which can expose investors to liquidity and volatility risks, and is subject to greater risk than is customarily associated with investments in larger capitalization companies.
  • Investment involves risk. The sub-funds may expose to a high risk of capital loss. Investors should not invest solely based on this material and should read the offering document for details including the risk factors, charges and features of the sub-funds.


Manulife Hong Kong Series

  • Manulife Hong Kong Series (“the Series”) is an open-ended unit trust comprising a number of funds primarily investing in equities, debt securities, exchange-traded funds and/or collective investment schemes, each of which has a different investment objective and risk level.
  • The funds do not guarantee distribution of dividends, the frequency of distribution, and the amount/rate of dividends. Dividends may be paid out of capital and/or out of gross income of certain funds in respect of Inc classes, while charging/paying all or part of certain funds’ fees and expenses to/out of capital of certain funds. This represents a return or a withdrawal of part of an investor's original investment amount or capital gain attributable to that amount. Distributions will result in an immediate decrease in the net asset value of the relevant units. Class AA (RMB) Inc Hedged Unit of certain funds is subject to higher distribution risks than other non-hedged unit classes.
  • Certain funds may involve equity market, emerging markets, Dim Sum bond market, concentration, volatility, liquidity, credit, credit ratings, below investment grade and unrated securities, credit rating downgrading, interest rates, valuation, sovereign debt, unlisted debt securities, political and regulatory, currency, foreign exchange, derivative and structured product, hedging, and distribution risks.
  • Certain funds are subject to the risks of investing in other funds and the risks relating to asset allocation strategy and/or downside risk management process.
  • Certain fund is subject to the risks of investing in other funds and the risks relating to investment in exchange traded funds, Strategic and Tactical Asset Rebalancing Strategy (“STARS”), small- and mid-capped companies, convertible bonds and the risks associated with securitised debt instruments and investments in loss-absorption features. Certain fund is a feeder fund that invests all or substantially all of its assets in another collective investment scheme (the “master fund”) and is therefore subject to the risks of investing in the master fund.
  • As RMB is not freely convertible, currency conversion is subject to exchange controls, and restrictions. There can be no assurance that RMB will not be subject to devaluation. Insufficient amount of RMB for currency conversion or devaluation of RMB could adversely affect the value of investors’ investments in the RMB denominated class(es) of certain funds. The “Dim Sum” bond market is still a relatively small market which is more susceptible to volatility and illiquidity. Due to RMB concentration risk, the value of the funds may be more volatile than that of a fund having a more diverse portfolio of investments.
  • Certain fund will not have direct investments other than cash, cash equivalents and financial derivative instruments (such as futures, options and forwards).
  • Investment involves risk. The funds may expose its investors to capital loss. Investors should not make investment decisions based on this material alone but should read the offering document for details, including the risk factors, charges and features of the Fund and its unit classes.

 General Risk Disclosure
 

  • Funds offered on this platform may invest in equity, fixed income securities, exchange-traded funds, collective investment schemes and/or other instruments, including derivatives, and each of which has its specific investment objective/ policy with its specific features and different risk profile.
  • Distribution of dividends, the frequency of distribution and the amount/rate of dividends are not guaranteed. Dividend of certain share/unit classes, at the fund or the investment manager’s discretion, may be paid out of capital or gross income while charging / paying all or part of its fees and expenses out of its capital. This amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment, and may result in an immediate reduction of the net asset value per share/unit of the respective share/unit classes after the distribution date.
  • Some funds may invest in bonds or debt securities which may be subject to credit, liquidity, counterparty and market risks.
  • Some funds may invest in non-investment grade bonds and unrated securities which may be subject to greater credit and liquidity risks, and may be more volatile than higher rated securities. Some funds may invest in investment grade debt securities, which may be subject to ratings downgrades by the rating agencies that may affect the net asset value of the fund.
  • Some funds may invest in derivative instruments which may involve additional risks. (For example, leverage may cause greater volatility.)
  • Some funds may make extensive use of derivatives including more complex derivative instruments or strategies to achieve the investment objective, this may give rise to additional exposure in that performance may rise or fall more than it would have done otherwise. In adverse situations, the fund’s use of derivative instruments may become ineffective and the fund may suffer significant losses. The use of derivatives may give rise to leverage, liquidity, counterparty and valuation risks.
  • Some funds may invest in emerging economies or markets, where special risks, including liquidity, volatility, government policies, taxation, currency, currency repatriation, political and regulatory risks, may be substantially higher than the risks normally associated with more developed economies or markets.
  • Some funds may invest in securities of small and/or medium sized companies in the relevant markets. This can involve greater risk than is customarily associated with investments in larger and more established companies.
  • Some funds may invest in a single country/region and/or a particular industry sector which may be concentrated and subject to greater risks than diversified investments in several countries and/or regions and across sectors.
  • Some funds may invest directly in certain China A shares via the Stock Connect, which may involve risks related to investments via the Stock Connect and Mainland China investment.
  • Some funds may have significant exposure to Renminbi ("RMB") bonds/equity/assets or emerging markets, which will be subject to debt instrument, credit/counterparty, concentration, liquidity, volatility, currency, tax, economic, foreign exchange/multi-currency conversion, down-grading, regulatory and political risks and these risks could be substantially higher than the risks normally associated with more established markets.
  • Some funds with significant exposure to RMB bonds/equity/assets may hold a significant portion of assets in deposits if there are not sufficient RMB instruments to invest in. This may adversely affect the funds’ return and performance.
  • Some funds using Qualified Foreign Institutional Investor (“QFII”) quota to invest directly in debt instruments/shares in Mainland China may be subject to various requirements and restrictions under the laws of Mainland China related to QFII investment and custodial risks.
  • Some funds are subject to the risks of investing in other funds and the risks relating to asset allocation strategy and/or downside risk management process.
  • As RMB is not freely convertible, currency conversion is subject to exchange controls and restrictions. There can be no assurance that RMB will not be subject to devaluation. Insufficient amount of RMB for currency conversion or devaluation of RMB could adversely affect the value of investors’ investments in the RMB denominated class(es) of certain funds. The “Dim Sum” bond market is still a relatively small market which is more susceptible to volatility and illiquidity. Due to RMB concentration risk, the value of the funds with substantial RMB exposure may be more volatile than that of a fund having a more diverse portfolio of investments.
  • Some funds’ performance will be closely tied to the economic, political, regulatory, geopolitical, market, currency or other conditions in the European Economic Area and may be subject to increased liquidity, price, and foreign exchange risk.
  • Some funds may invest in Russia and some investments in Russian securities may be unlisted securities not dealt on a regulated market. The Russian market presents specific risks in relation to the settlement and safekeeping of securities.
  • Investment involves risk. Investors may expose to capital loss and should not invest solely based on the information on this website alone and should read the offering documents for details including the associated risk factors, charges and features of the funds and their share/unit classes. Past performance information is not indicative of future performance.


Manulife Global Fund

  • Manulife Global Fund is an umbrella fund comprising a number of sub-funds investing in equity and/or fixed income securities, each of which has a different investment objective and risk profile and may involve equity market,  geographical concentration, sovereign debt, liquidity, volatility, credit downgrade, interest rate, counterparty risks. 
  • The relevant distributing class of the sub-funds does not guarantee distribution of dividends, the frequency of distribution and the amount/rate of dividends. Dividends may be paid out of income, realized capital gains and/or out of capital of certain sub-funds in respect of Inc share class(es). Dividends may be paid out of realized capital gains, capital and/or gross income while charging all or part of their fees and expenses to capital (i.e. payment of fees and expenses out of capital) in respect of MDIST (G) and R MDIST (G) share class(es).  Dividends paid out of capital of these sub-funds amounts to a return or withdrawal of part of the amount of an investor’s original investment or from any capital gains attributable to that original investment and may result in an immediate decrease in the net asset value per share in respect of such class(es) of the sub-funds.
  • Certain sub-funds invest in emerging economies or markets, where special risks, including liquidity, volatility, government policies, taxation, currency, currency repatriation, political and regulatory risks, may be substantially higher than the risks normally associated with more developed economies or markets.
  • Certain sub-funds invest in securities of small and medium sized companies in the relevant markets. This can involve greater risk than is customarily associated with investments in larger and more established companies.
  • Certain sub-funds concentrate their investments in a single country and/or a particular industry sector are subject to greater risks than diversified investments in several countries and/or regions and across sectors.
  • Certain sub-funds may invest directly in certain China A shares via Stock Connect, which may involve in risk related to Investments via Stock Connect and Mainland China investment.
  • Investment involves risk. The sub-funds may expose their investors to capital loss. Investors should not invest solely based on this material and should read the offering document for details including the risk factors, charges and features of the sub-funds and their share classes.
  • Each sub-fund intends to use financial derivative instruments (“FDIs”) for investment, efficient portfolio management and/or hedging purposes.  The use of FDIs exposes the Fund to additional risks, including counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. 
  • Given RMB is currently not a freely convertible currency,  payment of redemptions and/or dividend payment in RMB may be delayed due to the exchange controls and restrictions applicable to RMB. As offshore RMB (CNH) will be used for the valuation of RMB denominated Class(es), CNH rate may be at a premium or discount to the exchange rate for onshore RMB (CNY) and there may be significant bid and offer spreads and thus the value of the RMB denominated Class(es) will be subject to fluctuation.  Any devaluation of RMB could adversely affect the value of investors’ investments in the RMB denominated Class(es) of certain sub-funds.


Manulife Advanced Fund SPC

  • Manulife Advanced Fund SPC is an umbrella fund comprising a number of sub-funds investing primarily in equity and bond securities, each of which has a different investment objective and risk level.
  • The sub-funds do not guarantee distribution of dividends, the frequency of distribution, and the amount/rate of dividends. A sub-fund may at its discretion pay dividend out of capital or gross income while charging / paying all or part of its fees and expenses out of its capital. This amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment, and may result in an immediate reduction of the net asset value per share of the respective share classes after the distribution date.
  • Certain sub-funds with significant exposure to Renminbi (“RMB”) bonds/equity/assets or emerging markets, may involve debt instrument, credit/counterparty, concentration, liquidity, volatility, currency, tax, economic, foreign exchange/multi-currency conversion, down-grading, regulatory and political risks and these risks could be substantially higher than the risks normally associated with the world's more established markets.
  • A bond sub-fund may hold a significant portion of assets in deposits if there are not sufficient RMB instruments for it to invest in.  This may adversely affect its return and performance.
  • Certain sub-funds using invest directly in debt instruments/shares via QFII regime, the Bond Connect and/or the Foreign Access Regime are subject to various requirements and restrictions under the laws of Mainland China related to investment in QFII and/or China Interbank Market and custodial risks.
  • RMB is not freely convertible and is subject to exchange controls and restrictions.
  • Certain sub-funds may have significant concentrated exposures to particular industry sectors and geography's, which subjects investors to concentration and equity market risk.
  • Certain sub-funds may invest in equities of small- and mid-capitalization companies, which can expose investors to liquidity and volatility risks, and is subject to greater risk than is customarily associated with investments in larger capitalization companies.
  • Investment involves risk. The sub-funds may expose to a high risk of capital loss. Investors should not invest solely based on this material and should read the offering document for details including the risk factors, charges and features of the sub-funds.


Manulife Hong Kong Series

  • Manulife Hong Kong Series (“the Series”) is an open-ended unit trust comprising a number of funds primarily investing in equities, debt securities, exchange-traded funds and/or collective investment schemes, each of which has a different investment objective and risk level.
  • The funds do not guarantee distribution of dividends, the frequency of distribution, and the amount/rate of dividends. Dividends may be paid out of capital and/or out of gross income of certain funds in respect of Inc classes, while charging/paying all or part of certain funds’ fees and expenses to/out of capital of certain funds. This represents a return or a withdrawal of part of an investor's original investment amount or capital gain attributable to that amount. Distributions will result in an immediate decrease in the net asset value of the relevant units. Class AA (RMB) Inc Hedged Unit of certain funds is subject to higher distribution risks than other non-hedged unit classes.
  • Certain funds may involve equity market, emerging markets, Dim Sum bond market, concentration, volatility, liquidity, credit, credit ratings, below investment grade and unrated securities, credit rating downgrading, interest rates, valuation, sovereign debt, unlisted debt securities, political and regulatory, currency, foreign exchange, derivative and structured product, hedging, and distribution risks.
  • Certain funds are subject to the risks of investing in other funds and the risks relating to asset allocation strategy and/or downside risk management process.
  • Certain fund is subject to the risks of investing in other funds and the risks relating to investment in exchange traded funds, Strategic and Tactical Asset Rebalancing Strategy (“STARS”), small- and mid-capped companies, convertible bonds and the risks associated with securitised debt instruments and investments in loss-absorption features. Certain fund is a feeder fund that invests all or substantially all of its assets in another collective investment scheme (the “master fund”) and is therefore subject to the risks of investing in the master fund.
  • As RMB is not freely convertible, currency conversion is subject to exchange controls, and restrictions. There can be no assurance that RMB will not be subject to devaluation. Insufficient amount of RMB for currency conversion or devaluation of RMB could adversely affect the value of investors’ investments in the RMB denominated class(es) of certain funds. The “Dim Sum” bond market is still a relatively small market which is more susceptible to volatility and illiquidity. Due to RMB concentration risk, the value of the funds may be more volatile than that of a fund having a more diverse portfolio of investments.
  • Certain fund will not have direct investments other than cash, cash equivalents and financial derivative instruments (such as futures, options and forwards).
  • Investment involves risk. The funds may expose its investors to capital loss. Investors should not make investment decisions based on this material alone but should read the offering document for details, including the risk factors, charges and features of the Fund and its unit classes.
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