Manulife CQS Multi Asset Credit Fund
Seeks to generate income and capital growth by investing primarily in credit-related investments of global issuers
Our solution—Manulife CQS Multi Asset Credit Fund
A flexible, global credit investment strategy that aims to deliver attractive, income-driven, risk-adjusted returns through the market cycle and help investors navigate uncertain market environments. With the flexibility to invest across traditional and alternative credit markets worldwide, the portfolio management team is able to capture relative value opportunities and capitalize on market dislocations.
High income potential
Aims to deliver attractive, income-driven, risk-adjusted returns across market cycles through a flexible, global multi-asset credit strategy
A focus on downside risk mitigation
A bottom-up research process designed to avoid defaults and help mitigate periods of economic and geographic uncertainty
Diversified global credit exposure
Access a broad range of fixed-income sectors globally across the credit spectrum, ensuring capital is allocated to the right asset class, sector, and geography
Seeking high levels of income, supported by prudent risk management
The ABC of Multi Asset Credit (MAC)
A flexible and dynamic approach to allocation that enables the investment team to pursue what they perceive to be the best opportunities
Accessing income
- The broad investment universe gives the investment team the ability to source high-quality, risk-adjusted income opportunities
- The size of the credit markets enables the investment team to build a diversified portfolio, while remaining fundamentally selective
Best geography, asset class, and sector
- Best geography―Geographic relative value can shift due to economic cycles, political changes, and global events, leading to opportunities
- Best asset class and sector―Adjust portfolio allocation by geography, asset class, and sector as risk/reward dynamics shift across a market cycle, with the goal of capturing relative value
Capital preservation potential
- The investment team seeks to minimize exposure to credit defaults through a robust, fundamental, bottom-up credit selection process
- Actively minimize loss risk from defaults through constant review of every single allocation, and by avoiding concentration risk and limiting the sizes of individual positions
Key fund differentiators
Access global credit markets |
Flexible, dynamic allocation |
Easily accessible |
Institutional-grade management |
An income-driven fund that invests in global developed-market credit securities, with access to European opportunities |
The fund's tool kit enables the portfolio management team to seek the best opportunities across geographies, asset classes, and sectors at the right time, adapting to market cycles |
Manulife CQS Multi Asset Credit Fund isn’t a liquid alternative fund but a standard mutual fund accessible to advisors and clients |
Access institutional-grade investment management, bringing a proven, repeatable process to the retail market and led by a team that's worked together for more than a decade |
Why Manulife | CQS Investment Management?
- MAC is the firm's flagship strategy since 2012
- $13+ billion across pooled MAC strategies and separately managed account1
- Strategy is supported by ~40 investment professionals
- Investment team has worked together for more than a decade
Investment management team
Related viewpoints
Focusing on income:
navigating market cycles with multi-asset credit strategies
Leaning on income as a buffer against volatility is an important goal for multi-asset credit strategies. Learn how they work.
European credit—an income investor's best-kept secret?
Credit investors have tended to prioritize the U.S. assets over their European peers, but data shows that European credits have consistently delivered higher returns. Might investors be missing a trick?
Resources
Fund profile
Marketing material
Important disclosures
Important disclosures
Index definitions
ICE BofA Euro Corporate Index tracks the performance of euro-denominated investment-grade corporate debt publicly issued in the eurobond or euro member domestic markets.
ICE BofA U.S. Corporate Index tracks the performance of U.S. dollar denominated investment-grade corporate debt publicly issued in the U.S. domestic market.
ICE BofA Euro High Yield Index tracks the performance of euro denominated below-investment-grade corporate debt publicly issued in the euro domestic or eurobond markets. Qualifying securities must have a below investment-grade rating (based on an average of Moody’s, S&P and Fitch), at least 18 months to final maturity at the time of issuance, at least one-year remaining term to final maturity, a fixed coupon schedule and a minimum amount outstanding of EUR 250 million.
J.P. Morgan Collateralised Loan Obligation BB Post-Crisis Index comprises solely U.S. dollar-denominated cash, arbitrage floating-rate collateralized loan obligations (CLOs) backed by broadly syndicated leveraged loans. CLOs that do not fit these criteria, such as Middle-Market CLOs, ABS CDOs, Emerging Market CLOs, Balance Sheet CLOs, and Infrastructure CLOs are
ineligible for inclusion. Revolvers, delayed draw, equity combo, fixed rate, X tranches, and step-up tranches are excluded.
S&P/LSTA Leveraged Loan Indices are capitalisation-weighted syndicated loan indices based on market weightings, spreads, and interest payments.
S&P/LSTA Leveraged Loan Index covers the U.S. market back to 1997 and currently calculates on a daily basis.
S&P European Leveraged Loan Index covers the European market back to 2003 and currently calculates on a weekly basis.
ICE BofA High Yield Contingent Capital Index includes all the securities in the ICE BofAML Contingent Capital Index that are rated below investment grade (based on an average of Moody’s, S&P, and Fitch).
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund facts as well as the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
Manulife Investments shall not assume any liability or responsibility for any direct or indirect loss or damage or any other consequence of any person acting or not acting in reliance on the information contained here. This material was prepared solely for informational purposes, does not constitute a recommendation, professional advice, an offer or an invitation by or on behalf of Manulife Investments to any person to buy or sell any security or adopt any investment approach, and is no indication of trading intent in any fund or account managed by Manulife Investments. No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment. Diversification or asset allocation does not guarantee a profit or protect against the risk of loss in any market. Information about a portfolio’s holdings, asset allocation, or country diversification is historical and is no indication of future portfolio composition, which will vary. All overviews and commentary are intended to be general in nature and for current interest. While helpful, these overviews are no substitute for professional tax, financial or legal advice. Past performance does not guarantee future results. Clients and prospects should seek professional advice for their particular situation. Neither Manulife Investments nor any of its affiliates or representatives is providing tax, investment, or legal advice.
Manulife Funds are managed by Manulife Investment Management Limited. Manulife Investments is a trade name of Manulife Investment Management Limited. Manulife, Manulife Investment Management, Manulife & Design, Stylized M Design, and Manulife Investments are trademarks of The Manufacturers Life Insurance Company and are used by it and by its affiliates under license. CQS and CQS Stylized Design are trademarks of CQS Management Limited. Each are used by it and by its affiliates under license.
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