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Manulife Mutual Funds launches three funds

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Canada-based Manulife Mutual Funds has launched three index funds, Manulife Canadian Equity Index Fund, Manulife US Equity Index Fund and Manulife International Equity Index Fund.<

Canada-based Manulife Mutual Funds has launched three index funds, Manulife Canadian Equity Index Fund, Manulife US Equity Index Fund and Manulife International Equity Index Fund.

According to Manulife Mutual, the investment objective of these index funds is to closely track the performance of the publicly traded securities in their respective markets.

Managed by MFC Global Investment Management Canada, these index funds will be incorporated into the Simplicity asset allocation programme with no immediate plans to offer them as standalone mutual funds.

The says the index funds will add a passive management element to the portfolios, which is complementary to the actively managed multi-style funds in the programme.

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