Sandy Sanders of Manulife Financial is part of this year's Wealth Professional Canada's Host List.
![SANDY SANDERS](https://cdn-res.keymedia.com/cdn-cgi/image/f=auto/https://ca.res.keymedia.com/files/image/Sandy%20Sanders.jpg)
Manulife Financial
The Manulife Strategic Balanced Yield Fund, managed by the Manulife US Core Value Equity team, celebrates its fifth anniversary this year. The fund combines global equity and fixed-income securities; Sandy Sanders leads the team alongside Michael Mattioli. In constructing the $2.2 billion fund, value is at the forefront of Sanders’ mind.
“When do we buy? When the market allows us to purchase an equity that is trading at or below 70% of its intrinsic value estimate,” he says. “By attempting to buy dollars for 70 cents or less, we think it provides a wide enough margin of safety.”
This approach doesn’t shift depending on market cycles. It is a long-term strategy that has served Sanders and his team well – the one-year return on the fund is 14.32%.
“Our strategy is to pay less for businesses than what they are worth,” Sanders says. “We do not attempt to guess where the market will trade equity in any short-term time period. Rather, our focus is on estimating the intrinsic value of a business. We are looking to own businesses for less than their worth. If not, we will look at other opportunities, no matter how solid a business is.”
The Manulife Strategic Balanced Yield Fund, managed by the Manulife US Core Value Equity team, celebrates its fifth anniversary this year. The fund combines global equity and fixed-income securities; Sandy Sanders leads the team alongside Michael Mattioli. In constructing the $2.2 billion fund, value is at the forefront of Sanders’ mind.
“When do we buy? When the market allows us to purchase an equity that is trading at or below 70% of its intrinsic value estimate,” he says. “By attempting to buy dollars for 70 cents or less, we think it provides a wide enough margin of safety.”
This approach doesn’t shift depending on market cycles. It is a long-term strategy that has served Sanders and his team well – the one-year return on the fund is 14.32%.
“Our strategy is to pay less for businesses than what they are worth,” Sanders says. “We do not attempt to guess where the market will trade equity in any short-term time period. Rather, our focus is on estimating the intrinsic value of a business. We are looking to own businesses for less than their worth. If not, we will look at other opportunities, no matter how solid a business is.”