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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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