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Tuesday, July 27, 2021

Manulife Investment Management launches income-paying Global REIT Feeder Fund

Manulife Investment Management and Trust Corporation (Manulife IM [Philippines]) recently launched the Manulife Global REIT Feeder Fund, its newest income-paying unit investment trust fund (UITF), which aims to provide income and capital growth through investments in global real estate investment trusts (REITs). The Fund is available in PHP and USD share classes for as low as PHP50,000 and USD1,000, respectively.


The Fund aims to maximize total returns by investing in a collective investment scheme, the Manulife Global Fund – Global REIT Fund (the “Target Fund”). The Target Fund invests at least 70% of its assets in REITs listed and traded globally, and may invest up to 30% of its assets in real estate securities besides REITs, and/or cash and cash equivalents. 


“Global REITs provide an alternative source of income, which has become even more important with interest rates expected to remain low for longer. They typically generate stable rental income, enabling attractive dividend payouts. At the same time, their historically low correlation with other major asset classes can provide diversification benefit to an investment portfolio,” said Aira Gaspar, President and Chief Executive Officer, Manulife IM Philippines. 

For more information about the fund, investors may contact their Wealth Specialists or visit more detaills. 

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