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Important Notes:

  1. Manulife Global Fund – Sustainable Asia Bond Fund (“Manulife Sustainable Asia Bond Fund” or the “Fund”) invests primarily in a portfolio of fixed income securities issued by governments, agencies, supranationals and corporations in Asia (which shall include Australia and New Zealand), which may involve sustainable investing risk, geographical concentration risk, mainland China investment risk, political and regulatory risk, credit rating and downgrading risk, high-yield bond risk, interest rate risk, credit risk, volatility and liquidity risk, valuation risk, sovereign debt risk and currency risk.
  2. The relevant distributing class of the Fund does not guarantee distribution of dividends, the frequency of distribution and the amount/rate of dividends. Dividends may be paid out of realised 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) share class(es). Dividends paid out of capital of the Fund 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 Fund.
  3. The 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 volatility risk, management risk, market risk, credit risk and liquidity risk.
  4. Investment involves risk. The Fund may expose its investors to capital loss. Investors should not make decisions based on this material alone and should read the offering document for details, including the risk factors, charges and features of the Fund and its share classes.
  5. 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.
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What is sustainable investing?

Sustainable investing is the consideration of Environmental, Social and Governance (ESG) factors alongside financial factors, into the selection and management of investments.


  • Climate change
  • Carbon emissions
  • Air and water pollution
  • Natural resources
  • Water scarcity
  • Renewable energy


  • Human capital
  • Labour standards
  • Product liability
  • Gender and diversity
  • Privacy and data security
  • Stakeholder opposition


  • Board composition
  • Executive compensation
  • Accounting practices
  • Corruption
  • Business ethics and fraud

Sources: Manulife Investment Management, MSCI ESG Investing and MSCI ESG Research. Selective ESG issues for illustrative purposes only, this is not a full list.

Why ESG in Asia?

Asia plays core role in tackling global environmental issues

As home to 60% of the world’s population1, Asia generates half of global CO2 emissions2.

Global carbon dioxide (CO2) emissions by region

Positive ESG impact

ESG Asia bonds display only 62% of carbon footprint intensity while delivering a similar risk return profile to traditional Asia bonds since 20123.

Carbon intensity (Tons CO2 emission / $USD Mil revenues)4

ESG Asia bonds have outperformed global peers

ESG Asia bonds have outperformed ESG global bonds on both 3-year and 5-year annualised return basis and remain attractive in terms of yield and fundamentals.5


Manulife Investment Management's holistic approach to sustainable investing

We adopt a holistic approach in building a portfolio that seeks to generate potential sustainable risk-adjusted returns, by incorporating material ESG considerations throughout the various stages of our investment process.

Manulife Sustainable Asia Bond Fund6

For illustrative purposes only.

For illustrative purposes only.

Aims to generate attractive returns through 3 key sustainable themes

Climate change

Seek opportunities to benefit from the provision of clean energy and low carbon emissions


Engage with companies working towards a low carbon transition


Avoid companies overly dependent on thermal power generation

Aging population

Seek opportunities to benefit from the provision of retirement solutions to Asia’s aging population


Engage with companies that providing solutions for an aging population


Avoid companies with adverse impacts on health and savings

Sound governance promotion

Seek opportunities to benefit from companies with strong corporate governance structures


Engage with companies on promoting best governance practices


Avoid companies with a history of mismanagement or opaque business

Our recognitions in sustainable investing


Received an A+ from UN PRI for ESG strategy and governance, and integration in listed equity and fixed income SSA.7


Of AUM for public market equity and fixed-income have achieved internal ESG integration thresholds.8


Countries and territories covered by our proprietary sovereign credit model that incorporates ESG factors.

Key features of Manulife Sustainable Asia Bond Fund

First Hong Kong SFC authorised green and ESG fund focusing on Asia Bond.9


A diversified ESG portfolio with average credit rating of BBB.10


Aims to provide regular income.11

Dividend schedule

Dividend is not guaranteed. Dividends may be paid out of capital. Refer to important note 2.

Dividend schedule

Dividend is not guaranteed. Dividends may be paid out of capital. Refer to important note 2.

Manulife Investment Management's investment expertise12

USD48+ billion

AUM 13 in Asia fixed income

26 years

Investment experience by lead fund manager


Fixed income professionals in Asia14

^ ESG = Environment, Social and Governance. SFC authorization does not constitute an official recommendation of the product or a guarantee of their green or ESG attributes or related performance.

  1. HYDE Database 2016 & UN World Population Prospects 2019.
  2. BP Statistical Review of World Energy 2019. Related image is sourced from
  3. Source: Bloomberg, as of 31 December 2021. ESG Asia bonds are represented by J.P. Morgan ESG Asia Credit Index; Traditional Asia bonds are represented by J.P. Morgan Asia Credit Index. The cumulative returns of J.P. Morgan ESG Asia Credit Index and J.P. Morgan Asia Credit Index are 40.1% and 40.9% respectively for the period of December 2012 to December 2021. Past performance is not indicative of future results. Investment involves risk.
  4. Carbon intensity data sourced via Trucost ESG Analysis. Carbon intensity refers to Scope 1 & 2 Tons CO2 equivalent emissions per million USD revenues.
  5. Source: Bloomberg, Manulife Investment Management, data in USD, as of 31 December 2021. ESG Asian bonds measured by J.P. Morgan ESG Asia Credit Index, ESG Global bonds measured by Bloomberg Barclays MSCI Global Agg ESG Weighted index. Past performance is not indicative of future results. 
  6. We consider that the integration of sustainability risks in the decision-making process is an important element in determining long-term performance outcomes and is an effective risk mitigation technique. Our approach to sustainability provides a flexible framework that supports implementation across different asset classes and investment teams. While we believe that sustainable investing will lead to better long-term investment outcomes, there is no guarantee that sustainable investing will ensure better returns in the longer term. In particular, by limiting the range of investable assets through the exclusionary framework, positive screening and thematic investment, we may forego the opportunity to invest in an investment which we otherwise believe likely to outperform over time.

*     "Best-in-class” ESG is industry terminology referring to an investment approach that selects companies that are leaders from an ESG perspective. Source: Manulife Investment Management, as of 31 December 2021.

  1. PRI 2020 Assessment (Based on FY2019),
  2. As of 31 December 2021. Integration is based on Manulife IM’s Proprietary Integration Progression Levels (IPL), which measures investment teams progress in ESG integration.
  3. ESG = Environment, Social and Governance. SFC authorisation is not an official recommendation or endorsement of a product nor does it guarantee the commercial merits of a product or its performance. It does not mean the product is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors. The Fund is authorised by the SFC on 3 March 2021.
  4. Source: Manulife Investment Management, as of 31 December 2021. Information about the portfolio is historical and is not an indication of the future composition.
  5. Distribution yield applies only to AA (USD) MDIST (G) Share class. Dividend rate is not guaranteed. Dividends may be paid out of capital. Refer to important note 2. Please note that a positive distribution yield does not imply a positive return. Past performance is not indicative of future performance. Annualised yield = [(1+distribution per unit/ex dividend NAV)^distribution frequency]–1, the annualised dividend yield is calculated based on the latest relevant dividend distribution with dividend reinvested, and may be higher or lower than the actual annual dividend yield.
  6. Source: Manulife Investment Management, as of 31 December 2021.
  7. AUM = Asset under management. Include AUM in Manulife Investment Management and Manulife-TEDA Fund Management Co. Ltd., a 49% joint venture between Manulife Financial and Northern International Trust, part of the Tianjin TEDA Investment Holdings Co. Ltd. (TEDA).
  8. Total investment professionals is comprised of individuals from Manulife Investment Management, Manulife-TEDA Fund Management Co. LTD., a 49% joint venture between Manulife Financial and Northern International Trust, part of the Tianjin TEDA Investment Holding Co. Ltd. (TEDA), and Mahindra Manulife Investment Management Private Limited, a 49% joint venture of Manulife and Mahindra AMC.

Unless otherwise stated, all information sources are from Manulife Investment Management, as of 31 December 2021. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, and affect fund performance. For example, the novel coronavirus disease (COVID-19) has resulted in significant disruptions to global business activity. The impact of a health crisis and other epidemics and pandemics that may arise in the future, could affect the global economy in ways that cannot necessarily be foreseen at the present time. A health crisis may exacerbate other pre-existing political, social and economic risks. Any such impact could adversely affect the fund's performance, resulting in losses to your investment. The information in this material may contain projections or other forward-looking statements regarding future events, targets, management discipline or other expectations, and is only as current as of the date indicated. There is no assurance that such events will occur, and may be significantly different than that shown here . Past performance is not indicative of future performance. Information about the asset allocation is historical and is not an indication of the future composition.

Issued by Manulife Investment Management (Hong Kong) Limited.

This material has not been reviewed by the Securities and Futures Commission (SFC).