Manulife Investment Management announced Nov. 10 the launch of two actively managed Manulife Smart Defensive Equity Exchange Traded Funds. The ETFs trade on the Toronto Stock Exchange.
The Manulife Smart Defensive Equity ETF (ticker CDEF) “is tailored to investors looking for long-term capital appreciation, through diversification in Canadian securities while seeking to reduce market sensitivity,” says Manulife Investment Management.
The Manulife Smart U.S. Defensive Equity ETF, offered in both hedged and unhedged series, looks “to support investors interested in achieving long-term capital appreciation, through diversification in U.S. securities while seeking to reduce market sensitivity,” says the company. The tickers are UDEF (hedged) and UDEF.B (unhedged).
Manulife Investment Management stated that it is always looking to expand its lineup to meet the growing and diverse needs of investors. “The new ETFs showcase our active management capabilities and commitment to offering investors investment options at different price points.”