Manulife launches preferred securities income fund

Manulife said its Preferred Securities Income Fund is suitable for investors who seek regular income and potential capital appreciation, investment exposure in preferred securities globally, as well as those who have a long-term investment horizon.

KUALA LUMPUR: Manulife Investment Management (M) Bhd has launched the Manulife Preferred Securities Income Fund, an alternative investment solution that provides equity-like capital growth features and bond-like income streams.

The globally-oriented fund invests in preferred securities issued by companies that are defensive in nature, such as banks, utilities, and real estate investment trusts (REITs), which are usually large and highly regulated organisations with stable cash flows, Manulife said in a statement on Monday.