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Manulife Global Fund – Global Multi-Asset Diversified Income Fund

A flexible and differentiated approach

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A multi-asset, income-oriented solution

Learn more

Fund information​

Learn more

A flexible and differentiated approach


Flexible and diversified allocation

The flexible and benchmark-agnostic allocation approach of the Fund provides diversification benefits by integrating a mix of traditional and non-traditional asset classes. Through a multi-asset allocation approach; one that includes a mix of bonds, equities and non-traditional assets, investors can potentially receive stable income from diversified sources.


Flexibility to invest across the global capital spectrum

Capture more income sources with a broad investment universe

Performance and yields across asset classes can fluctuate in different economic cycles. Investors can broaden their investment universe within bonds and equities by diversifying across sectors and geographies, which can in turn provide low correlated income sources and also increase overall yield stability.


Income investing can provide a wide spectrum of yield and risk profiles2


A multi-asset, income-oriented solution



Flexible low volatility portfolio aiming for stable income potential

To strive for a sustainable long-term income distribution, our strategy adopts a differentiated approach of achieving yield, minimising reliance on equity appreciation – primarily seeking yield through fixed income and an option writing strategy.

The typical asset allocation of the portfolio has a relatively low volatility profile, dominated by fixed income credits, low beta equities and an option writing (for potential income generation) structure.

Benefits of option strategies

The use of option strategies can potentially increase the overall yield of an investor’s portfolio, as well as provide downside buffer during periods of market downturn. This can be achieved through the writing (or sale) of call and/or put options. 

1. Enhancing yield

The premiums collected from option writing can possibly act as an additional source of income for investors.

Two commonly used strategies are “Covered call” or “Put writing”.

  • “Covered call” is to earn income from the call option premium while holding the underlying equity at the same time. This strategy in effect converts equity upside potential into current income from the sale of the call option.
  • "Put writing” is similar to downside insurance. Buyers of puts want protection of the market sells off – the market often overpays for that insurance. 

2. Providing downside protection

The call premiums can help to cushion or even offset falling equity prices, effectively acting as a partial hedge.

During several market corrections since 2000, equity option strategies3 have proven to provide a downside buffer with lower drawdowns than the broad US equity market. This has become an important and popular risk management tool and has been widely adopted by many institutional investors.



Fund information


  AA (SGD Hedged) MDIST (G) AA (USD) MDIST (G)
Investment objective​ The Fund aims to achieve income generation by investing primarily in a diversified portfolio of equity, equity-related, fixed income and fixed income-related securities of companies and/or governments (which include agencies and supranationals in respect of fixed income and fixed income-related securities) globally (including emerging markets from time to time).
Inception date 25 Apr 2019
ISIN code LU1935043536 LU1935043023
Bloomberg ticker MLADASM LX MLADAUM LX
Base currency​ USD
Mode of subscription Cash and SRS Cash
Minimum investment USD 1,000 (or the equivalent in any other major currency)
Distribution frequency​​1 Monthly
Management fee 1.50% p.a.
Initial sales charge Up to 5.0%
Dealing frequency Daily
Investment manager Manulife Investment Management (US) LLC
Fund size USD 875.1 million (as of 31 May 2024)

Portfolio manager

John Addeo


John F. Addeo, CFA, is the global chief investment officer for Manulife Investment Management’s fixed income strategies (public markets), as well as senior portfolio manager for the High Yield and Global Credit products. John is a value-oriented fundamental investor with over 34 years of experience investing across the entire capital structure and credit spectrum. Prior to joining the company, he was with MFS Investment Management, where he held progressive portfolio management roles, most recently as an investment officer for the High Yield Bond Group, while playing an integral role in that firm’s expansion into global credit. Earlier in his career, John held high yield analyst roles at Eaton Vance and Keystone Investments, covering a wide variety of industries and gaining broad experience in public and private placement markets, restructurings and liquidations. He is a CFA charterholder and a member of the CFA Society Boston, Inc.​


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.

* While the Fund does not make extensive use of financial derivatives instruments (“FDI”) as part of its investment approach, it may, from time to time, use them for hedging and/or efficient portfolio management purposes. This usage may expose investors to the risks associated with the non-investment use of FDIs (i.e. volatility risk, management risk, market risk, credit risk and liquidity risk). 

2. Bloomberg and Multi-Asset Solutions Team, Manulife Investment Management, as at 31 December 2023. For illustrative purposes only. No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment.

3. Equity option strategies refer to 50% CBOE S&P 500 BuyWrite Index and 50% CBOE S&P 500 PutWrite Index. No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment.


Important Information

Manulife Global Fund (the “Company”) is an open-ended investment company registered in the Grand Duchy of Luxembourg. The Manulife Global Fund – Global Multi-Asset Diversified Income 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 the purposes of investment, 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 realized 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.