John Hancock, Manulife Launch Multi Asset Credit Interval Fund

John Hancock Investment Management has unveiled a new multi-asset credit fund in collaboration with its affiliated investment manager Manulife | CQS Investment Management, a multi-sector alternative credit expert based in London.

The fund will strive to create a return that includes both current income and capital appreciation, with a focus on current income, low volatility, and low correlation to the broader markets.

The fund will invest in multi-asset credit strategies and fixed-income asset classes, including sub-investment-grade assets with potentially less risk and volatility of high-yield assets, such as loans and high-yield bonds, asset-backed securities, regulatory capital, and convertible bonds.

“By leveraging our expanded capabilities with the addition of the CQS team, we bring a semi-liquid alternative fund to advisors in an asset class that has seen recent growth in demand and may help their clients achieve their financial goals,” said Kristie Feinberg, head of U.S. and Europe, Manulife Investment Management, and president and CEO, John Hancock Investment Management.

Craig Scordellis, co-CIO and senior partner at Manulife | CQS, and James Fitzpatrick, CIO, North America and head of global loans at Manulife | CQS, are primarily responsible for the management of the fund’s portfolio.