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2022-09-22 | ARCA:JHMU | Press Release


$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945

BOSTON, Sept. 22, 2022 /PRNewswire/ – John Hancock Investment Management, a company of Manulife Investment Management, announced today that it plans to close and liquidate 10 sector ETFs (funds). The decision reflects how these funds have been used by investors over the past seven years and how sector investing has shifted in the market.

John Hancock Investment Management Logo (CNW Group/John Hancock Investment Management)

The Board of Trustees of John Hancock Exchange-Traded Fund Trust has determined that the continuation of the funds isn’t in the best interest of the funds or their shareholders and decided to close and liquidate the following funds:

Ticker

Fund

JHMC

John Hancock Multifactor Consumer Discretionary ETF

JHMS

John Hancock Multifactor Consumer Staples ETF

JHME

John Hancock Multifactor Energy ETF

JHMF

John Hancock Multifactor Financials ETF

JHMH

John Hancock Multifactor Healthcare ETF

JHMI

John Hancock Multifactor Industrials ETF

JHMA

John Hancock Multifactor Materials ETF

JHCS

John Hancock Multifactor Media and Communications ETF

JHMT

John Hancock Multifactor Technology ETF

JHMU

John Hancock Multifactor Utilities ETF

The funds will stop accepting creation orders after the close of business on October 17, 2022, and will cease trading on the NYSE Arca, Inc. (NYSE) at market close on October 24, 2022.

When a fund commences liquidation, it will no longer pursue its stated investment objective or engage in any business activities except for the purposes of selling and converting into cash all of the assets of the fund, paying its liabilities, and distributing its remaining proceeds or assets to shareholders. During this period, each fund is likely to incur a higher tracking error than is typical for the fund. Furthermore, during the time between market close on October 24, 2022, and October 26, 2022 (the liquidation date), shareholders will be unable to dispose of their shares on NYSE Arca. Shareholders who continue to hold shares of a fund on the liquidation date will receive a liquidating distribution with a value equal to their pro rata share of the fund’s assets on that date. For additional information on liquidation, shareholders can visit www.jhinvestments.com/etf.

These closures only affect the 10 John Hancock sector ETFs representing approximately 5% of John Hancock’s overall ETF assets.1 No other ETFs offered by John Hancock Investment Management are affected by these closures.

In parallel with this announcement, John Hancock Investment Management is also announcing the approval of a new John Hancock U.S. High Dividend ETF (Ticker: JHDV) scheduled to launch later this month. It has also filed an initial registration statement to launch John Hancock International High Dividend ETF later this year.

“We’re absolutely committed to the ETF business. It has been a great area of growth for our product line since we launched our first ETF in 2015. In such a competitive market, we’re closing these 10 ETFs to put more focus on our existing equity ETFs subadvised by Dimensional Fund Advisors and the newer suite of income-focused ETFs that were more recently launched with Manulife Investment Management,” said Steve Deroian, co-head of retail product, John Hancock Investment Management.

With these announcements, John Hancock Investment Management’s ETFs will include 9 ETFs with nearly $5 billion in assets under management. The available ETFs include the multifactor equity suite subadvised by Dimensional Fund Advisors and the income-focused ETFs subadvised by Manulife Investment Management.

Investing involves risks, including the potential loss of principal. There is no guarantee that a fund’s investment strategy will be successful. Foreign investing, especially in emerging markets, has additional risks, such as currency and market volatility and political and social instability. The value of a company’s equity securities is subject to change in the company’s financial condition and overall market and economic conditions. Quantitative models may not accurately predict future market…



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