John Hancock Investment Management Launches Mortgage-Backed Securities ETF – NMP Skip to main content

John Hancock Investment Management Launches Mortgage-Backed Securities ETF

David Krechevsky
Aug 20, 2021
Photo credit: Getty Images/SasinParaksa

Actively-Managed ETF Will Be Subadvised By Manulife Investment Management

John Hancock Investment Management LLC today announced the availability of John Hancock Mortgage-Backed Securities ETF (JHMB). The exchange-traded fund is subadvised by Manulife Investment Management (US) LLC, John Hancock Investment Management's affiliated asset manager.

This is the second actively managed, fixed-income ETF launched by John Hancock Investment Management this year, following the launch of John Hancock Corporate Bond ETF (JHCB) in March.

"We're pleased to bring another ETF from the Manulife Investment Management fixed-income team to investors," said Andrew G. Arnott, CEO of John Hancock Investment Management and head of wealth and asset management, Manulife Investment Management, United States and Europe. "The team is highly regarded for its bottom-up sector allocation and security selection process in making investment decisions, and we believe this fund is another strong example of their capabilities for those investors interested in accessing this strategy in an ETF wrapper."

John Hancock Mortgage-Backed Securities ETF is actively managed and seeks a high level of current income while seeking to outperform the benchmark over a market cycle. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in mortgage-backed securities.

The fund may invest in mortgage-related securities issued or guaranteed by U.S. governmental entities and privately issued mortgage-related securities. These may include residential mortgage-backed securities, commercial mortgage-backed securities, and to-be-announced mortgage contracts, and may be rated investment grade or below.

The ETF is managed by David A. Bees, CFA, managing director and portfolio manager; Peter M. Farley, CFA, managing director and senior portfolio manager, and Jeffrey N. Given, CFA, and Howard C. Greene, CFA, senior managing directors and senior portfolio managers, Manulife Investment Management.

"According to SIFMA, the market for mortgage-backed and other asset-backed securities is large and in demand, and represents over $12 trillion of the bond market today, which is larger than the investment-grade and high-yield corporate bond markets combined," said Steven L. Deroian, co-head of retail product, John Hancock Investment Management. "We're excited to bring this new ETF to market in a growing category for asset allocators and advisors."

John Hancock Investment Management launched its first ETFs more than five years ago. With this announcement, the firm's ETF offering has grown to 17 ETFs with nearly $5 billion in assets under management as of June 30, 2021.

For additional information, please visit manulifeim.com.

Published
Aug 20, 2021
Fitch Assigns Expected Ratings To Angel Oak Non-QM Offering

The certificates are supported by 747 loans with a balance of $394.59 million; of the loans, 66.4% are designated as Non-QM.

Non-QM
May 03, 2022
KBRA Assigns Preliminary Ratings To $569.1M Non-QM Offering

The CSMC 2022-NQM3 Trust RMBS offering comprises 1,137 residential mortgages characterized by a significant concentration of loans underwritten using alternative income documentation.

Non-QM
Apr 27, 2022
Fitch Expects To Rate Non-QM RMBS Offering

With a balance of $346.1 million, the New Residential Mortgage Loan Trust notes are secured mainly by Non-QM loans.

Non-QM
Apr 25, 2022
KBRA Assigns Preliminary Ratings To EFMT 2022-2

The $425.7 million non-prime RMBS transaction comprises 998 residential mortgages characterized by a notable concentration of alternative income documentation.

Non-QM
Apr 12, 2022
KBRA Assigns Preliminary Ratings To IMPRL 2022-NQM3

Approximately 49.8% of the loans in the pool were categorized as non-qualified (non-QM) mortgages.

Non-QM
Apr 11, 2022
Fannie Mae Announces 25th Sale Of Reperforming Loans

Sale consists of approximately 7,600 loans with an unpaid principal balance of approximately $1.49 billion.

Investor Loans
Apr 08, 2022