WEBCASTS
Seeking stable cash flow in today’s market
Inflation is high and the rate outlook is for continued U.S. Federal Reserve tightening. This has put pressure on investors seeking a stable source of future cash flows that’s not as sensitive to rising rates. Preferred income strategies could fill this gap.
Preferred securities have characteristics of both stocks and bonds, which means they can help diversify a traditional investment portfolio while allowing an investor to pursue an alternative source of yield.
In our webinar, John Hancock Investment Management and VettaFi outlines the benefits of preferreds and highlight a targeted preferred income strategy.
SUMMARY
Lara Crigger, Editor-in-Chief at VettaFi, will moderate a discussion on:
- The nature of preferred securities and an overview of how they may perform in the current market environment
- A strategy for targeting preferred income that emphasizes the utilities sector
- How a dedicated preferred income strategy can diversify a traditional fixed-income portfolio
NOT accepted for one hour of CFP/CIMA CE credit for live and on-demand attendees
CFA Institute members are encouraged to self-document their continuing professional development activities in their online CE tracker.
SPEAKERS
Rick Baker
Managing Director of Client Portfolio Management TeamManulife Investment Management
Joseph Bozoyan, CFA
Portfolio ManagerManulife Investment Management
Ryan Wellman, CFA
Product ManagerJohn Hancock Investment Management
Lara Crigger
Editor-in-ChiefVettaFi
Disclaimer
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Important Disclosures
John Hancock Investment Management is not affiliated with Lara Crigger or VettaFi.
Investing involves risks, including the potential loss of principal. There is no guarantee that a fund’s investment strategy will be successful. Fixed-income investments are subject to interest-rate and credit risk; their value will normally decline as interest rates rise or if an issuer is unable or unwilling to make principal or interest payments. Preferred stock dividends are payable only if declared by the issuer’s board. Preferred stock may be subject to redemption provisions. Investments in higher-yielding, lower-rated securities involve additional risks as these securities include a higher risk of default and loss of principal. REITs may decline in value, just like direct ownership of real estate. Foreign investing, especially in emerging markets, has additional risks, such as currency and market volatility and political and social instability. The use of hedging and derivatives could produce disproportionate gains or losses and may increase costs. It’s possible that an active trading market for fund shares will not develop, which may hurt your ability to buy or sell fund shares, particularly in times of market stress. Trading securities actively can increase transaction costs, therefore lowering performance and taxable distributions. Liquidity—the extent to which a security may be sold or a derivative position closed without negatively affecting its market value, if at all—may be impaired by reduced trading volume, heightened volatility, rising interest rates, and other market conditions. A portfolio concentrated in one industry or sector that holds a limited number of securities may fluctuate more than a diversified portfolio. Fund distributions generally depend on income from underlying investments and may vary or cease altogether in the future. Shares may trade at a premium or discount to their NAV in the secondary market. These variations may be greater when markets are volatile or subject to unusual conditions. Please see the fund’s prospectus for additional risks.
John Hancock ETF shares are bought and sold at market price (not NAV), and are not individually redeemed from the fund. Brokerage commissions will reduce returns.
Clients should carefully consider a fund’s investment objectives, risks, charges, and expenses before investing. To request a prospectus or summary prospectus with this and other important information, call us at 800-225-6020, or visit us at jhinvestments.com/etf.
John Hancock ETFs are distributed by Foreside Fund Services, LLC in the United States, and are subadvised by Dimensional Fund Advisors LP or our affiliate Manulife Investment Management (US) LLC. Foreside is not affiliated with John Hancock Investment Management Distributors LLC, Manulife Investment Management (US) LLC, or Dimensional Fund Advisors LP.
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
THIS MATERIAL IS FOR INSTITUTIONAL/BROKER-DEALER USE ONLY. NOT FOR DISTRIBUTION OR USE WITH THE PUBLIC.
JHAN-2022-0906-1596 ETFWBNREM 9/22
John Hancock Investment Management Distributors LLC