Manulife Sets Plans To Enter ETF Market

By
September 02, 2009
Share:

Financial services giant Manulife files to enter the ETF market.

 

Manulife Financial Corp. is one of the latest mutual fund providers to file a 40-APP form with the Securities & Exchange Commission that would allow it to issue ETFs.

Three of the company’s subsidiaries - John Hancock Advisers LLC, John Hancock Investment Mangement Services and MFC Global Investment Management – would each advise at least one of the resulting products.

The filing is part of a growing trend as a new wave of mutual fund providers seek to leverage their fund management expertise to enter a rapidly growing section of the market. Pimco launched its first ETF in June, and other big names seeking to enter the market include Schwab and Old Mutual.

No specific funds are detailed, but the filing does indicate that the proposed products would be index-based funds tracking domestic or international markets.

Manulife is a large Canadian insurer with extensive financial services operations that operates primarily under its “John Hancock” brand name in the U.S.  Assets under management for John Hancock Companies stood at roughly $186 billion earlier this year.

ETF.COM CHANNELS

Learn why commodity ETFs are an essential part of a diversified portfolio with our Commodity ETFs channel.

Learn why bond ETFs are an essential part of a diversified portfolio with our bond ETF channel.

ETF DAILY DATA

Though markets were flat, 'SPY' garnered significant inflows on Wednesday, Feb. 10.

'SPY' paced inflows for SSgA on Wednesday, Feb. 10.

ETF.COM ANALYST BLOGS

By Dave Nadig

For all the hype, here’s an example of an ETF working just as it should.

By Matt Hougan

Here's why you should attend the largest ETF conference in the world next month.

By Dave Nadig

Barclays built in a premium to this exchange-traded note, so back away.

By Sumit Roy

Why this probably isn't the start of a bear market.

ETF INDUSTRY PERSPECTIVE

By Jane Leung

A new way to hedge for currency risk in your international investments.

By Heidi Richardson

Opportunities in Germany and the eurozone.

By Shirish Malekar

How to protect your portfolio with liquid alts.