Global Equity

The strategy seeks to provide long-term capital appreciation through investment in high-quality global companies bought at what the team considers the right price. Their long-term approach is designed to deliver strong risk-adjusted performance with downside market protection.

Philosophy

The team’s process is relatively simple: They seek to buy high-quality companies at attractive valuations. The value add is in the execution—combining a detailed research process and scenario modeling with the steadfast application of the team’s disciplined investment process. To that end, the team focuses on three key pillars in their investment process: seeking to build a portfolio of quality companies that have strong franchises, management teams, balance sheets, and cash flows; using in-depth research, meeting senior management teams, and performing scenario modeling to understand the quality of businesses; and prioritizing downside risk management.

Managed by

Paul G. Boyne

Senior Portfolio Manager, Global Equity

Paul is a senior managing director and senior portfolio manager for Manulife Investment Management, as well as lead portfolio manager of the global equity strategy and team. Previously, he was a senior fund manager within the global equities team at Invesco Perpetual and, prior to that, worked at the Bank of Ireland as deputy CIO and head of global equities, providing portfolio oversight across all regional product areas. Paul began his investment career with Morgan Stanley, serving as managing director and senior portfolio manager of their global value equity product. Earlier in his career, he spent six years with the chartered accountants and management consultants Grant Thornton International. Paul is a Fellow of the Association of Chartered Accountants. 

Education: M.B.S., Michael Smurfit Graduate School of Business, University College, Dublin

Joined the company: 2013

Began career: 1987

Paul G. Boyne

Stephen Hermsdorf

Portfolio Manager, Global Equity

Stephen is a managing director and portfolio manager at Manulife Investment Management, working on the global equity strategy. Previously, he was a portfolio manager at Hermes Global Equities, where he provided fundamental research and portfolio management with a focus on the global financial services sector. Before that, he worked at Fidelity Management & Research as an equity analyst, covering the insurance and food and beverage industries; as a private equity analyst at HabourVest Partners; and as a technology investment banking analyst at Robertson Stephens.

  • Education: B.A. in Economics, Harvard University; M.B.A. in Accounting, Strategy, and Finance, University of Chicago Booth School of Business
  • Joined the company: 2015
  • Began career: 1996
Stephen Hermsdorf

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.


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Important disclosure

The material contains information regarding the investment approach described herein and is not a complete description of the investment objectives, risks, policies, guidelines or portfolio management and research that supports this investment approach. Any decision to engage Manulife Investment Management should be based upon a review of the terms of the prospectus, offering documents or investment management agreement, as applicable, and the specific investment objectives, policies and guidelines that apply under the terms of such agreement. There is no guarantee investment objectives will be met. The investment process may change over time. The characteristics set forth above are intended as a general illustration of some of the criteria the strategy team considers in selecting securities for client portfolios. Client portfolios are managed according to mutually agreed upon investment guidelines

This information has been provided by Manulife Investment Management. All material is compiled from sources believed to be reliable and correct but accuracy cannot be guaranteed. This is not to be construed as an offer to buy or sell any financial instrument nor does it constitute an offer or invitation to invest in any fund managed by Manulife Investment Management and has not been prepared in connection with any such offer. This information does not constitute, and should not be construed as, investment advice or recommendations with respect to the securities and sectors listed.

References to securities, transactions or holdings should not be considered a recommendation to purchase or sell a particular security and there is no assurance that, as of the date of publication, the securities remain in the portfolio. Additionally, it is noted that the securities or transactions referenced do not represent all of the securities purchased, sold or recommended during the period referenced and there is no guarantee as to the future profitability of the securities identified and discussed herein.

The indices cited are widely accepted benchmarks for investment performance within their relevant regions, sectors or asset classes, and represent non managed investment portfolio.