John Hancock Investment Management has just announced the launch of a new fund, the John Hancock International High Dividend ETF (JHID). The fund will be actively managed and as the name suggests, it seeks to offer a high level of current income, putting long-term capital growth as a secondary goal. JHID plans to invest at least 80% of its assets into large- and mid-cap securities that pay dividends in developed markets, excluding the U.S. A quote from Todd Rosenbluth at VettaFi on equity income ETFs states, “Advisors have increasingly been seeking out equity income ETFs given the rising rate environment and are likely to look for more international equity strategies in 2023..”
ETF Newz Says:
The launch marks the tenth ETF for John Hancock IM.