Financial Industries Strategy

The strategy seeks to provide exposure to financials sector stocks worldwide that are attractively valued relative to key fundamental measures. Taking a long-term view, the team’s actively managed approach offers broad exposure to the financials sector, with the flexibility to invest globally and across the market capitalization spectrum.

Philosophy

We believe that long‐term outperformance can be achieved by taking advantage of the market’s focus on short‐term factors. To accomplish this, we seek to create a portfolio of U.S. bank stocks that are attractively valued relative to their quality of management, favorable positioning, market opportunity, or profitability. To that end, we seek to invest in companies that are cyclically depressed with low price‐to‐earnings or price‐to‐book values, have above-peer profitability or have demonstrated the ability to improve it over time, can exploit dislocation within primary or new operating markets, and possess management teams with good capital discipline and execution of strategy.

Managed by

Susan A. Curry

Senior Portfolio Manager, Capital Appreciation

Susan is head of the Capital Appreciation team, the lead portfolio manager of the Financial Industries strategy, and a portfolio manager of the Bank Opportunities strategy. In addition to her portfolio management responsibilities, she provides fundamental research on the financial sector for all diversified strategies managed by the Capital Appreciation team. Prior to joining Manulife Investment Management in 2004 as an investment analyst, Susan worked as a portfolio officer for Manulife’s private client group. She began her career at Fidelity Investments, where she served as a research analyst.

  • Education: B.A. in Economics, University of Massachusetts; M.S. in Finance, Brandeis University
  • Joined the company: 1998
  • Began career: 1993

 

Susan A. Curry

Ryan P. Lentell, CFA

Portfolio Manager, Capital Appreciation

Ryan is the lead portfolio manager of the Bank Opportunities strategy, a portfolio manager of the Financial Industries strategy, and a member of the Capital Appreciation team, providing fundamental research on the financial sector for all diversified strategies managed by the team. Prior to joining the company in 2008 as an investment analyst, he was a senior equity analyst at Morningstar. Previously, he was a vice president at The Lentell Group, an investment advisory firm. Ryan began his career at PricewaterhouseCoopers, where he served as a consultant. Ryan holds the Chartered Financial Analyst designation.

  • Education: B.S. in Systems Engineering, University of Virginia; M.B.A., University of Notre Dame, Mendoza College of Business
  • Joined the company: 2008
  • Began career: 1999
Ryan P. Lentell, CFA

Vehicles

At Manulife Investment Management, we offer investment strategies through a variety of vehicles to suit a broad range of client needs. Contact our institutional sales or consultant relations team to find out if this strategy/vehicle is offered in your region. 

  • Separate accounts

    Our separate accounts and separately managed accounts (SMAs) are designed for institutions and high-net-worth clients seeking tailored investment solutions and direct ownership of securities. 

  • CITs

    Our professionally managed collective investment trusts (CITs) are available in certain qualified retirement plans.

  • Mutual funds

    Mutual funds are liquid, professionally managed portfolios which are available to both institutional and retail investors.


Key facts

  • Inception date

    March 1996

  • Strategy AUM (USD)

    $875.6 million

  • Benchmark

    S&P 500 Financials Index Total Return

  • Style

    Financial sector

  • Expected tracking error

    3% to 6%

  • Average portfolio manager experience

    24 years

Important information

All information shown is as of March 31, 2021, unless otherwise indicated. Strategy-level information may differ from vehicle-specific information. Not all vehicles are available in all locations and may be offered through affiliates of Manulife Investment Management.


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