Manulife introduces new UITF product

Manulife Asset Management and Trust Corp. (MAMTC) has launched a unit investment trust fund (UITF) aiming to maximize total returns by investing its assets in a bond collective investment scheme.

In a statement, the insurer said that its new UITF product will recall Manulife Asia Dynamic Bond Feeder Fund and it promises to provide investors exposure to a diversified portfolio of fixed income securities.

The IOUs which will be under the new fund are issued by governments, agencies, supranationals, and corporate issuers located primarily in Asia and other allowable investments, Manulife said.

The Dynamic Bond Feeder Fund has a minimum investment of $100 or 15,000.

“Asia has one of the world’s largest and fastest-growing bond markets. It is expected to remain the bright spot of the global economy given the superior growth potential and sound fiscal and debt dynamics of Asian countries,” Aira Gaspar, MAMTC president and chief executive said.

“Investors can take advantage of this positive outlook through the Asia Dynamic Bond Feeder Fund,” Gaspar added.

Endre Pedersen, Manulife Asset Management chief investment officer also said the fund is a flexible portfolio that dynamically allocates across hard and local currency Asia bonds to generate attractive returns.