U.S. core value equity team
Based in Boston, MA, the Manulife U.S. core value equity team, a boutique investment team within Manulife Investment Management, has been applying their proprietary seven-step investment process for over 17 years.
The U.S. core value difference
- Long track record—The team has been using their seven-step process for managing U.S. equities for over 17 years
- Focus on undervalued stocks—The team looks for opportunities selling at a substantial discount to their long-term potential.
- Opportunistic positioning—The team’s flexible portfolios can include both growth and value stocks of quality companies of any size so long as they exhibit sustainable competitive advantages and strong cash flow generation.
Get to know the Manulife U.S. core value equity team
The team looks for undervalued companies selling at a discount to their long-term potential—think of it like buying a dollar’s worth of stock for 70 cents or less. The companies they focus on are considered best of breed, with a sustainable competitive advantage and strong cash flow generation. To find them, the team searches both growth and value stocks of any market capitalization and they have the flexibility to employ active currency management to help protect against currency risk and potentially improve returns.
Meet the team behind the funds
Important disclosure
Team members and responsibilities listed are as of March 31, 2024.
Investment process
The team believes that quality companies with a sustainable competitive advantage and cash flow generation bought at the right price should outperform the broader market. Patience and a long-term investment horizon allow for the compounding of companies’ cash flows, which allows companies to grow in value.
This process identifies undervalued companies with strong fundamentals that have the potential to outperform over the mid-to-long-term.
Important disclosure
Portfolio managers may use some or all of the techniques described. No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment. Characteristics, guidelines, and constraints are for illustrative purposes only. They may change at any time and may differ for a specific account.
Funds/pools managed
Mutual funds
- Manulife Balanced Equity Private Pool
- Manulife Global Franchise Fund
- Manulife Global Franchise Class
- Manulife Strategic Balanced Yield Fund
- Manulife U.S. All Cap Equity Fund
- Manulife U.S. All Cap Equity Class
- Manulife U.S. Balanced Private Trust
- Manulife U.S. Dollar Strategic Balanced Yield Fund
- Manulife U.S. Dollar U.S. All Cap Equity Fund
- Manulife U.S. Equity Private Pool
Segregated funds
- Manulife Balanced Equity Private Segregated Pool
- Manulife Global Franchise GIF Select
- Manulife Global Strategic Balanced Yield GIF Select
- Manulife U.S. All Cap Equity GIF Select
- Manulife U.S. Balanced Private Segregated Pool
- Manulife U.S. Equity Private Segregated Pool
The best way we can control risk is to pay the right price for the stock to begin with. We buy a stock when it’s at bear or worst-case value. That’s 70 cents or less on the dollar.
Related materials
Sandy shares insight on Manulife U.S. All Cap Equity Fund, including the investment strategy, how ideas are generated, and risk mitigation. (May 2019)
Sandy shares insight on Manulife Strategic Balanced Yield Fund, including the investment strategy, how ideas are generated, and risk mitigation. (May 2019)
Important disclosure
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 of the mutual funds before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Manulife Funds (including the Trust Pools) and Manulife Corporate Classes (including the Class Pools) are managed by Manulife Investment Management Limited (formerly named Manulife Asset Management Limited). Manulife Investment Management is a trade name of Manulife Investment Management Limited. Manulife, Stylized M Design, and Manulife Investment Management & Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and its affiliates under license.
Any amount that is allocated to a segregated fund is invested at the risk of the contractholder and may increase or decrease in value. Returns shown are after the MER has been deducted. Performance histories are not indicative of future performance. For information on guarantees, fees and expenses that may apply to segregated funds, please read the Information Folder, Contract and Fund Facts of the segregated funds. The Manufacturers Life Insurance Company (Manulife) is the issuer of insurance contracts containing Manulife segregated funds and the guarantor of any guarantee provisions therein. Manulife Investment Management is a trade name of The Manufacturers Life Insurance Company.
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