John Hancock Investment Management announces changes to its ETF lineup – QNT Press Release

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$ 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.

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, 2022and will cease trading on the NYSE Arca, Inc. (NYSE) at market close on October 242022.

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, 2022and October 26, 2022 (the liquidation date), shareholders will be unable to dispose of …

Full story available on Benzinga.com

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