Manulife Asset Management and Trust Corporation was given a licence to operate in the Philippines market in June.

Manulife Asset Management and Trust Corporation, a subsidiary of Manulife Philippines, has launched three actively-managed Unit Investment Trust Funds (UITFs).

The Manulife Stable Income Fund, Manulife Income Builder Fund, and Manulife Equity Wealth Fund will be available to investors in the Philippines, the firm said in a statement.
 
The three newly-offered funds have been designed to provide diversified investment exposure based on different risk and return objectives. The Manulife Stable Income Fund is a bond fund that seeks to preserve capital and generate income by investing in fixed income securities with maximum remaining term to maturity of up to three years.

The Manulife Income Builder Fund is a bond fund that seeks to achieve stable and long-term growth by investing in government securities and/or high quality corporate debt securities and other liquid fixed income instruments. The Manulife Equity Wealth Fund is an equity fund that seeks to achieve long-term capital appreciation by investing in stocks listed on the Philippines Stock Exchange, fixed income securities and other liquid fixed income instruments.

“As we continue to expand in the ASEAN region, we are excited with the launch of the three new funds shortly following the establishment of Manulife Asset Management and Trust Corporation in the Philippines,” said Michael Dommermuth, head of wealth and asset management Asia at Manulife. “With the launch of the trust company and the new UITF products, we are poised to ride the robust growth momentum in the Philippines’ fund industry, which saw the assets under management (AUM) held by UITFs grow by 31 per cent over the past three years."

Licensed to operate in June this year, Manulife Asset Management and Trust Corporation is a provider of retail and institutional investment products in the growing Philippines market.