Manulife STARS Income and Growth Fund – Aiming to be your one-stop-shop solution for financial peace of mind
One-stop-shop solution aiming to help investors meet their financial goals and achieve financial peace of mind
Invest in multiple and specialised funds with a single product
Managed by our Multi-Asset Solutions Team with over 25 years of experience in managing multi-asset portfolios
An extra level of diversification via underlying funds
Regions, sectors and asset classes perform and correlate differently under different market conditions.
A well-balanced multi-asset portfolio can navigate through market cycles and effectively grasp valuable investment opportunities.
With our proprietary Strategic, Tactical, Asset allocation, Rebalancing Strategy, the Fund aims to provide income and potential for capital appreciation by tapping into a broad opportunity set of asset classes.
Select funds from across different regions, sectors and asset classes
• Tailored search criteria
• In-depth quantitative and qualitative analysis
• Fund selection and on-going monitoring
Construct the STARS portfolio
• Employs a proprietary optimisation process
• Utilises our forward-looking strategic views
• Tactically adjusts for short-term market considerations
• Adjusts for underlying manager style bias
Based on our Multi-Asset Solutions Team’s long-term and tactical views, the Fund aims to invest strategically for long-term growth, while simultaneously navigating short-term market dynamics. Watch our experts’ insights and strategies that can help you discover income and growth.
We expect higher returns in emerging market equities and fixed income (including Asia ex-Japan) over the US and Europe.
We are constructive on high-quality emerging market bonds relative to US high-yield bonds and loans – the carry of emerging market bonds is more favourable and stands out from a total return perspective within the fixed income universe.
We favour global credit (both investment grade and high yield). As such, we will maintain a healthy exposure to US high-yield names.
Emerging Market Equities
We currently hold a relatively positive long-term strategic view on emerging market equities versus those in developed markets. Across the universe of emerging market managers, our portfolio invests in the JPMorgan Funds – Emerging Markets Opportunities Fund, with additional diversification benefits coming from another reputable emerging market manager, the Schroder International Selection Fund – Emerging Markets.
Mainland China and Hong Kong Equities
Within the emerging markets, Mainland China and Hong Kong equities exhibit lower volatility and display more defensive characteristics. Our portfolio invests in the Manulife Global Fund – Dragon Growth Fund which has flexible and dynamic allocations across all types of Chinese stocks including A, B, H, Red and P chips, ADRs and Hong Kong equities.
Emerging Market Investment Grade Bond
Emerging market debt, especially high grade, stands out from a total return perspective within the fixed income universe. Our portfolio invests in the JPMorgan Funds – Emerging Markets Investment Grade Bond Fund which has exposure to a broad range of both sovereign and corporate credit.
The lower-for-longer interest rate environment suggests that investors will be increasingly reliant on spreads for all-in yields to drive returns going forward. In particular, we think that preferred spreads remain attractive, given their laggard status among other fixed income spread recoveries. Our portfolio invests in the Manulife Global Fund – Preferred Securities Income Fund, one of the key fund managers in this asset class which also aims to adopt a relatively defensive approach versus peers.
US High Yield Bond
We believe that near-term monetary policy will remain supportive of US corporates and our portfolio maintains a healthy exposure to US high yield via the Fidelity Funds – US High Yield Fund, a highly diversified portfolio with a long track record.
The Fund consists of multiple strategies which are driven by different expertise. These strategies are specially selected to navigate through market cycles while complying with a rigorous investment process, helping you capture income and growth. Watch the experts to share their analysis and find out more about characteristics, performance, and outlook of the strategy. The following videos are available in Chinese only.
History of managing multi-asset solutions
Investment professionals in multi-asset solutions team across the world
in AUM of multi-asset solutions
Source: Manulife Investment Management, as of 30 September 2020.
*Manulife Hong Kong Series – Manulife STARS Income and Growth Fund (Manulife STARS Income and Growth Fund or the “Fund”). STARS is an acronym for Strategic and Tactical Asset Rebalancing Strategy. The reference to “STARS” in the Fund’s name is not indicative of the Fund’s performance or returns.
Investment involves risk. Investors should not make investment decisions based on this material alone and should read the offering document for details, including the risk factors, charges and features of the product. This material has not been reviewed by the Securities and Futures Commission. Issued by Manulife Investment Management (Hong Kong) Limited.