Names Adam Weigold, CFA,
senior managing director, senior portfolio manager and head of the
municipal fixed-income team
TSX/NYSE/PSE: MFC SEHK: 945
BOSTON, Sept. 8, 2021 /PRNewswire/ - Manulife
Investment Management today announced the appointment of
Adam A. Weigold, CFA, senior
managing director, senior portfolio manager, and head of its
municipal fixed-income team, effective today. Adam is an industry
veteran with over 20 years of investment experience. He was most
recently a vice president, senior portfolio manager, at Eaton
Vance, where he was on the municipal bond team, managing more than
US$5 billion in municipal bond
assets.1
As the lead member of the municipal fixed-income portfolio
management team, Adam is responsible for investment decision-making
and portfolio construction considerations across a range of
municipal portfolios, including three John Hancock funds subadvised
by Manulife Investment Management: High Yield Municipal Bond Fund,
California Tax-Free Income Fund, and Tax-Free Bond Fund. The funds
share a common fundamental approach, and there are no anticipated
changes to the investment or risk management philosophies of the
existing investment strategies. In this new role, Adam reports
directly to John F. Addeo, CFA,
chief investment officer, global fixed income, and is based in
Boston.
"We're pleased to have Adam's expertise as we build out Manulife
Investment Management's municipal bond team. Municipal bonds are a
strategic piece of the U.S. fixed -income market, exceeding
$1 trillion according to Morningstar,
with strong net flows over the past several years," said
Christopher P. Conkey, CFA, global
head of public markets at Manulife Investment Management. "We
believe this appointment improves our ability to develop product
solutions in this large and rapidly growing asset class and can
deliver long-term investment results for our clients."
Adam brings deep experience in municipal bond research and
investing, including extensive experience in high-yield, taxable
municipals, and ESG investing. He also has a history in new product
idea generation, having created, marketed, and managed multiple
municipal bond strategies throughout his career, including total
return-oriented municipal bond funds. Adam earned a B.A. from
Dartmouth College and an M.B.A. from
Boston University, and he holds the
Chartered Financial Analyst designation.
"We're excited to have Adam's experience and expertise in his
approach to the municipal bond market. In his previous roles, he
created and managed several funds, and his innovative approach to
the market will be integral to strengthening our municipal
fixed-income offering as we look to meet clients' evolving
investment needs," John Addeo
added.
1 Morningstar, $5.2 billion
as of June 30, 2021.
About Manulife Investment Management
Manulife
Investment Management is the global wealth and asset management
segment of Manulife Financial Corporation. We draw on more than a
century of financial stewardship and the full resources of our
parent company to serve individuals, institutions, and retirement
plan members worldwide. Headquartered in Toronto, our leading capabilities in public
and private markets are strengthened by an investment footprint
that spans 18 geographies. We complement these capabilities by
providing access to a network of unaffiliated asset managers from
around the world. We're committed to investing responsibly across
our businesses. We develop innovative global frameworks for
sustainable investing, collaboratively engage with companies in our
securities portfolios, and maintain a high standard of stewardship
where we own and operate assets, and we believe in supporting
financial well-being through our workplace retirement plans. Today,
plan sponsors around the world rely on our retirement plan
administration and investment expertise to help their employees
plan for, save for, and live a better retirement.
As of June 30, 2021, Manulife
Investment Management's assets under management and administration,
including assets managed for Manulife's other segments, totaled
CAD$1.0 trillion (US$834.0 billion). Not all offerings are
available in all jurisdictions. For additional information, please
visit manulifeim.com.
For the John Hancock funds
Fixed-income investments are subject to interest-rate and credit
risk; their value will normally decline as interest rates rise or
if an issuer is unable or unwilling to make principal or interest
payments. Investments in higher-yielding, lower-rated securities
include a higher risk of default. Municipal bond prices can decline
due to fiscal mismanagement or tax shortfalls, or if related
projects become unprofitable. Liquidity—the extent to which a
security may be sold or a derivative position closed without
negatively affecting its market value, if at all—may be impaired by
reduced trading volume, heightened volatility, rising interest
rates, and other market conditions. The use of hedging and
derivatives could produce disproportionate gains or losses and may
increase costs. Fund distributions generally depend on income from
underlying investments and may vary or cease altogether in the
future. Please see the fund prospectus for additional
risks.
Request a prospectus or summary prospectus from your
financial professional by visiting jhinvestments.com, or by calling
us at 800-225-5291. The prospectus includes investment objectives,
risks, fees, expenses, and other information that you should
consider carefully before investing.
John Hancock Investment Management Distributors LLC, Member
FINRA, SIPC, 200 Berkeley Street, Boston,
MA 02116, 800-225-5291, jhinvestments.com
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SOURCE Manulife Investment Management