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Manulife Investments makes multiple changes to portfolio management teams

FLASH | PRO LEVEL PRIVILEGE
By The IJ Staff | August 02 2018 11:30AM

Photo: Freepik

Manulife Investments announced Aug. 2 the appointment of new sub-advisors and portfolio managers for eleven mutual funds on its platform. The investment objectives of these funds are not affected, says the company.

Among these changes, Kenglin Tan is replacing Linda Csellak as lead portfolio manager of the Manulife Asia Equity Class effective Aug. 1.

Manulife Asset Management (U.S.) LLC will become the portfolio sub-advisor of Manulife Global Dividend Growth Fund and Manulife Global Dividend Growth Class. Paul Boyne of Manulife Asset Management will be the new lead portfolio manager. Standard Life Investments Limited and Standard Life Investments (USA) Limited (now doing business as Aberdeen Standard Investments) will no longer act as sub-advisors to these funds. This change will be effective on or about Sept. 4.

Standard Life Investments (USA) will no longer act as sub-advisor

Effective on or about Sept. 4, Manulife Asset Management (U.S.) LLC will become the portfolio sub-advisor of the Manulife Global Equity Unconstrained Fund and Manulife Global Equity Unconstrained Class. These funds will be managed by Jonathan White, Managing Director and Senior Portfolio Manager, and Sandy Sanders, Senior Managing Director and Senior Portfolio Manager. Standard Life Investments (USA) will no longer act as sub-advisor to these funds.

Pictet Asset Management Limited will become the portfolio sub-advisor for Manulife International Value Equity Fund and Manulife International Focused Fund. These funds will be managed by Fabio Paolini - Head of EAFE Equities and Benjamin Beneche, Senior Investment Manager at Pictet Asset Management. Manulife Asset Management (U.S.) LLC will no longer act as sub-advisor to these funds. This change is effective on or about Oct. 31.

Doug McGraw leaving the firm

For Manulife Global Dividend Fund, Manulife Global Dividend Class, Manulife Global Strategic Balanced Yield Fund and Manulife Global All Cap Focused Fund, Doug McGraw, Managing Director and Portfolio Manager has decided to leave the firm. He will be staying on as portfolio manager into the fourth quarter to help manage the transition. Paul Boyne will continue as lead manager for these funds and as head of the Global Equity team, which includes Stephen Hermsdorf, Managing Director and Portfolio Manager.

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