Manulife Mutual Funds, a division of Elliott & Page, has added three mandates to its line-up of funds.
Manulife Mutual Funds, a division of Elliott & Page, has added three mandates to its line-up of funds.
The Manulife Investment Savings Fund will provide investors with an alternative for their short-term investments. The fund leverages the company’s relationship with Manulife Bank of Canada to offer investors with a short-term investment solution that focuses on capital preservation by providing a strong rate of return for investors.
The Manulife Canadian Balanced Growth Fund will be managed by MFC Global Investment Management’s Shauna Sexsmith and Terry Carr. Equities will constitute 40-60 per cent of the portfolio with the balance in fixed income securities. The equity portion of the fund’s assets will primarily be invested in a portfolio of Canadian securities based on the strategy used in the Manulife Canadian Equity Fund. The fixed income portion of the fund may invest in Canadian and foreign government and corporate debt securities including high yield securities. The fund may also invest in securities of the Manulife Corporate Bond Fund.
The Manulife Mawer Global Equity Class, sub-advised by Mawer Investment Management, is an addition to the Manulife Mawer funds which were launched last year. The fund will be a concentrated portfolio of Mawer’s best equity ideas from around the world using the same investment strategy that is used for all of Mawer’s equity funds. This fund will be available for sale as of 2 November 2009.
"We continuously review our products to ensure we provide access to a comprehensive and competitive fund lineup," says Jeff Ray, assistant vice-president, mutual fund products. "These additions provide Canadians with additional sources of diversification and access to top-ranked investment management.’
Manulife Mutual Funds has also made changes to the 2009 simplified prospectus renewal.
Dan Cole, vice-president, MFC Global Investment Management (US) will replace Rhonda Chang as the lead manager for the Manulife US Mid-Cap Fund. Cole has over 17 years’ investment experience, many of which were spent managing US mid-cap mandates.
Effective 19 December 2009, the following funds will be terminated as previously announced: Manulife Global Real Estate Fund, Manulife Global Tactical Fund, Manulife Real Return Strategy Fund and Manulife International Large Cap Fund. The funds were capped on 19 June 2009 and therefore are not part of the 2009 simplified prospectus.
