Manulife and Hang Seng Bank Launch New Income Fund Partnership
Manulife Investments has announced a strategic partnership with Hang Seng Bank to introduce a new income fund in Hong Kong.
Launch of the Global Equity Diversified Income Fund
The Global Equity Diversified Income Fund aims to provide investors with a robust investment option. This fund will allocate at least 70% of its investments to global stocks. Additionally, it will employ options strategies aimed at achieving a targeted annualized yield of 10%. Notably, this yield will be paid out monthly, appealing to income-seeking investors.
Exclusive Distribution Through Hang Seng Bank
The partnership with Hang Seng Bank is significant in that the fund will be exclusively distributed through its branches. This arrangement starts on 5 February and will last for three months. Customers of Hang Seng Bank will have the opportunity to access this unique investment option during this exclusive period.
Key Features of the Fund
- Investment Allocation: At least 70% in global equities.
- Yield Target: 10% annualized yield, distributed monthly.
- Options Strategies: Used to enhance returns.
- Distribution Period: Exclusively available through Hang Seng Bank for three months starting 5 February.
This innovative fund exemplifies the commitment of both Manulife Investments and Hang Seng Bank to provide attractive financial products to investors in Hong Kong. With a focus on delivering consistent income, it aims to meet the needs of diverse investment portfolios.
