Manulife Investment Management acquires U.S. timberlands for impact-first investment

Hancock Natural Resource Group, a Manulife Investment Management company, announced the acquisition of 89,800 acres of timberland in the U.S. state of Maine. The impact-first investment was made on behalf of John Hancock Life Insurance Company (U.S.A), and its parent, Manulife (collectively “Manulife”). The acquisition is an opportunity for Manulife to integrate natural climate solutions into its investment decisions and work towards its climate action plan.

This investment is classified as impact-first with the core of the investment thesis centered on the timberlands being used primarily to store carbon. Manulife reserves the option to sell the carbon credits as offsets or use the carbon removals as insets for the purpose of meeting the firm’s net zero commitments.

Manulife Investment Management’s UITFs lead PH’s top-performing offshore funds

 

Manulife Investment Management and Trust Corporation’s top-performing unit investment trust funds (UITFs) delivered more than 50% Year-on-Year (YoY) growth as of March 2021. These UITFs, available in both peso and US dollar currencies, include:

Manulife American Growth Equity Feeder Fund with 63.51% and 70.56% YoY performance in peso and dollar, respectively, invests in a distinct portfolio of equity-related securities of large capitalization North American companies with sustainable competitive advantages and trade at a discount to their intrinsic value.

Manulife Dragon Growth Equity Feeder Fund with 54.36% and 61.23% YoY performance in peso and dollar, respectively, invests in a portfolio of equity-related securities of public companies which are listed in Hong Kong, and/or, although not listed in Hong Kong, are listed on a stock exchange in another jurisdiction and have any substantial business interests in Hong Kong and/or China.