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Manulife Global Fund – Asia Pacific REIT Fund​

Income & growth from REITs and other real estate securities1

Income & growth strategy​

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Benefits of REITs investments in Asia Pacific

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Fund information

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Income & growth strategy

 

A dynamic strategy to achieve potential returns and sustainable income1

The Fund invests at least 70% of its portfolio in REITs, and has the flexibility to invest up to 30% in non-REIT real estate-related securities to achieve potential stable income1 and potential capital appreciation.​

APREITs asset allocation

Benefits of REITs investments in Asia Pacific

 

Stable income1

REITs typically distribute a minimum of 90% of their rental income as dividends to investors. The dividend yield from Asia-Pacific REITs are potentially higher compared to dividends from equities and 10-year government bond yields.​

 

Yield comparison: REIT, equity and government bonds2

Comparison of yields

Long-term outperformance against Asian equities​

Asia-Pacific REITs delivered strong performance over the past decade (December 2009 to December 2020), where dividend income contributed significantly to the total return.  ​

 

Performance of Asia-Pacific REITs3

Chart of total return

Diversification benefits

REITs invest in different types of properties, allowing investors the opportunity to capture potential growth opportunities from these properties.​

Diversification benefits

Fund information

Share Class Class S Hedged MDIST (G)/
Class P (SGD Hedged) MDIST (G)
Class AA (USD) MDIST (G) /
Class P (USD) MDIST (G)
Class AA (AUD Hedged) MDIST (G) /
Class P (AUD Hedged) MDIST (G)
Investment objective​ The Fund aims to provide long-term capital appreciation and income generation primarily through investment in real estate investment trust ("REITs") in the Asia-Pacific ex-Japan region.
Inception date 16/5/2019 & 14/5/2019 11/09/2018 11/09/2018
ISIN code LU1935355344/LU1935354966 LU1813982136/LU1867151521 LU1813982219/LU1867151794
Bloomberg ticker MLPRSHG LX/MLPRPSM LX MLPRAUM LX/MLPRPUG LX MLPRAAM LX/MLPRPAG LX
Base currency​ USD
Mode of subscription Cash & SRS Cash Cash
Minimum investment​ USD 500/ USD 50,000 (or the equivalent in any other major currency) USD 1,000/ USD 50,000 (or the equivalent in any other major currency) USD 1,000/ USD 50,000 (or the equivalent in any other major currency)
Distribution Frequency1 Monthly
Management Fee P (SGD Hedged) MDIST (G), P (USD) MDIST (G) & P (AUD Hedged) MDIST (G): 1.0% per annum
S Hedged MDIST (G): 1.25% per annum;
AA (USD) MDIST (G) & AA (AUD Hedged) MDIST (G):1.5% per annum;
Initial sales charge Up to 5%
Dealing Frequency Daily
Investment Manager Manulife Investment Management (Hong Kong) Limited
Fund size USD 558.02 million (as of 31 July 2021)

Investment objective​: The Fund aims to maximize total returns from a combination of capital appreciation and income generation through investing primarily in a diversified portfolio of investment grade debt securities issued by governments, agencies, supranationals and corporate issuers in the Asia Pacific region. ​

Inception date: 16/5/2019 & 14/5/2019 

ISIN code: LU1935355344/LU1935354966 

Bloomberg ticker: MLPRSHG LX/MLPRPSM LX

Base currency​: USD

Mode of subscription​: Cash & SRS​

Minimum investment​: USD 500/ USD 50,000 (or the equivalent in any other major currency)

Distribution frequency​: Monthly

Management fee​: P (SGD Hedged) MDIST (G): 1.0% p.a; S Hedged MDISGT (G): 1.25% p.a

Initial sales charge​: Up to 5.0%​

Dealing frequency​: Daily​

Investment manager​: Manulife Investment Management (Hong Kong) Limited    ​

Fund size: USD 558.02 million (as of 31 July 2021)

Investment objective​: The Fund aims to maximize total returns from a combination of capital appreciation and income generation through investing primarily in a diversified portfolio of investment grade debt securities issued by governments, agencies, supranationals and corporate issuers in the Asia Pacific region. ​

Inception date: 11/09/2018

ISIN code: LU1813982136/LU1867151521 

Bloomberg ticker MLPRAUM LX/MLPRPUG LX

Base currency​: USD

Mode of subscription​: Cash​

Minimum investment​: USD 1,000/ USD 50,000 (or the equivalent in any other major currency) 

Distribution frequency​: Monthly

Management fee​: P (USD) MDIST (G): 1.0% p.a; AA (USD) MDIST (G): 1.5% p.a​

Initial sales charge​: Up to 5.0%​

Dealing frequency​: Daily​

Investment manager​: Manulife Investment Management (Hong Kong) Limited    ​

Fund size: USD 558.02 million (as of 31 July 2021)

Investment objective​: The Fund aims to maximize total returns from a combination of capital appreciation and income generation through investing primarily in a diversified portfolio of investment grade debt securities issued by governments, agencies, supranationals and corporate issuers in the Asia Pacific region. ​

Inception date: 11/09/2018

ISIN code: LU1813982219/LU1867151794

Bloomberg ticker: MLPRAAM LX/MLPRPAG LX

Base currency​: USD

Mode of subscription​: Cash​

Minimum investment​: USD 1,000/ USD 50,000 (or the equivalent in any other major currency)

Distribution frequency​: Monthly

Management fee​: P (AUD Hedged) MDIST (G): 1.0% p.a; AA (AUD Hedged) MDIST (G): 1.5% p.a​

Initial sales charge​: Up to 5.0%​

Dealing frequency​: Daily​

Investment manager​: Manulife Investment Management (Hong Kong) Limited    ​

Fund size: USD 558.02 million (as of 31 July 2021)

 

Investment advisors

Murray Collis

 

Chan Hock Fai, CFA, Head of Equities, Singapore ​

Based in Singapore, Hock Fai is Head of Equities for Manulife Investment Management (Singapore) Ltd. Hock Fai has over 20 years of industry experience and deep knowledge of Singapore’s asset management landscape. Before joining Manulife Investment Management, Hock Fai spent ten years with Amundi Asset Management Singapore, most recently as Director of Investment where he managed Singapore, regional (Asia Pacific ex-Japan) and global multi-asset portfolios. Prior to this, he was Senior Investment Manager for APS Asset Management. ​

Chan Hock Fai, CFA, ​Head of Equities, Singapore ​

Based in Singapore, Hock Fai is Head of Equities for Manulife Investment Management (Singapore) Ltd. Hock Fai has over 20 years of industry experience and deep knowledge of Singapore’s asset management landscape. Before joining Manulife Investment Management, Hock Fai spent ten years with Amundi Asset Management Singapore, most recently as Director of Investment where he managed Singapore, regional (Asia Pacific ex-Japan) and global multi-asset portfolios. Prior to this, he was Senior Investment Manager for APS Asset Management.

Murray Collis

 

Hui Min Ng, CFA​, Director, Portfolio Manager, Equities​

Based in Singapore, Hui Min is responsible for Singapore equity, balanced and regional REIT portfolios. She has over 17 years of investment experience and has managed a range of investment strategies from retail portfolios to balanced institutional mandates. Prior to joining Manulife Investment Management, she spent 8 years in UOB Asset Management covering the real estate sector and was responsible for the Asia Pacific REITs strategy. She started her career as a sell side analyst with Kim Eng Securities, where she specialised in Singapore-listed consumer companies and small-cap companies.​

Hui Min Ng, CFA​, Director, Portfolio Manager, Equities​

Based in Singapore, Hui Min is responsible for Singapore equity, balanced and regional REIT portfolios. She has over 17 years of investment experience and has managed a range of investment strategies from retail portfolios to balanced institutional mandates. Prior to joining Manulife Investment Management, she spent 8 years in UOB Asset Management covering the real estate sector and was responsible for the Asia Pacific REITs strategy. She started her career as a sell side analyst with Kim Eng Securities, where she specialised in Singapore-listed consumer companies and small-cap companies.​

Notes

1. The intention of Manulife Global Fund to make the monthly distribution and the distribution yield for the Fund is not guaranteed, and Manulife Global Fund may in future review the distribution policy depending on prevailing market conditions.

2. Bloomberg as of 31 December 2020. REIT Yield: Australia REITs are represented by S&P/ASX 200 A-REIT Index, Hong Kong REITs are represented by HSREIT Index, Singapore REITs are represented by FTSE Straits Times REIT Index. Equity Dividend Yield: Australia equities are represented by S&P/ASX 200 index, Hong Kong equities are represented by HSI Index, Singapore equities are represented by STI Index. 10 Year Government Bond Yield represented by Australia 10 Year Government Bond, Hong Kong 10 Year Government Bond, Monetary Authority of Singapore 10 Year Government Bond. For illustrative purposes only. Past performance is not an indication of future results.

3. Bloomberg, as of 31 December 2020. Total return, USD, rebased to 100. Asia-Pacific REITs are represented by FTSE EPRA/NAREIT Asia ex-Japan REITs 10% Capped Total Return Index and Asia-Pacific Equities are represented by MSCI Asia ex-Japan Index. For illustrative purposes only. Past performance is not an indication of future results.

4. Asset enhancement initiative (AEI) is a strategy used frequently by REIT managers to enhance the functional and aesthetical characteristics of a property, such that it has greater potential to yield more income for the REIT, including through positive rental reversion. For illustrative purpose only; and does not constitute any investment, legal or accounting advice.

Important Information

Manulife Global Fund (the “Company”) is an open-ended investment company registered in the Grand Duchy of Luxembourg. The Manulife Global Fund – Asia Pacific REIT Fund (the "Fund") is recognised under the Securities and Futures Act of Singapore for retail distribution. The Company has appointed Manulife Investment Management (Singapore) Pte. Ltd. (Company Registration Number: 200709952G) as its Singapore Representative and agent for service of process in Singapore. The information provided herein does not constitute financial advice, an offer or recommendation with respect to the Fund. Opinions, forecasts and estimates on the economy, financial markets or economic trends of the markets mentioned herein are not necessarily indicative of the future or likely performance of the Fund. The Fund may use financial derivative instruments for efficient portfolio management and/or hedging. 

Investments in the Fund are not deposits in, guaranteed or insured by the Manager and involve risks. Past performance of the manager or sub-manager is not necessarily indicative of its future performance. The value of units in the Fund and any income accruing to them may fall or rise. Past performance of the Fund is not necessarily indicative of future performance. Investors should read the Singapore prospectus, and seek advice from a financial adviser before deciding whether to purchase units in the Fund. A copy of the Singapore prospectus and the product highlights sheet can be obtained from Manulife or its distributors. In the event an investor chooses not to seek advice from a financial adviser, he should consider whether the Fund is suitable for him. 

Distributions are not guaranteed. Investors should refer to the Singapore prospectus for the distribution policy of the Fund. The Directors of the Company shall have the absolute discretion to determine whether a distribution is to be made in respect of the Fund as well as the rate and frequency of distributions to be made. Distributions may be made out of (a) income, or (b) net capital gains, or (c) capital of the Fund, or (d) gross income while charging all or part of the fees and expenses to capital, or (e) any combination of  (a), (b) , (c) and/or (d). Past distribution yields and payments are not necessarily indicative of future distribution yields and payments. Any payment of distributions by the Fund is expected to result in an immediate decrease in the net asset value per share of the Fund.​

This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.​