Manulife adds two defensive ETFs

Manulife Investment Management launched two new defensive equity ETFs on Wednesday.

The Manulife Smart Defensive Equity ETF and Manulife Smart U.S. Defensive Equity ETF offer long-term capital appreciation through diversification in Canadian and U.S. securities, respectively. Both funds aim to provide better investor experiences in volatile markets, a release said.

The Manulife Smart Defensive Equity ETF has an annual management fee of 0.25%, and the Manulife Smart U.S. Defensive Equity ETF has an annual management fee of 0.33% for the hedged series and 0.28% for the unhedged.

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