Manulife Investments is to re-open one of its most popular investment strategies – Manulife Monthly High Income Fund, along with the related Manulife Monthly High Income Class and Manulife Canadian Balanced Private Pool – to new investors on or about 2 January, 2018.
The Funds, managed by the Manulife Value Equity Team, were proactively capped to new investors on August 28, 2015 due to capacity. The portfolio managers consider the Funds are no longer at a size that would impact their ability to manage assets in line with their disciplined investment approach.
“Advisors and investors have been asking us to bring back these Funds ever since they were capped,” says Bernard Letendre (pictured), President, Manulife Investments. “They remain one of our most popular and successful investment options with approximately USD9.4billion in combined assets under management.”
Manulife Monthly High Income Fund, which celebrated its 20-year anniversary on 30 September, 2017 is managed by the Manulife Value Equity Team and lead portfolio manager Alan Wicks. Established in 1996, the Manulife Value Equity Team, as at 31 October, 2017, manages over USD18 billion in assets across multiple mandates, and consists of 10 members including Duncan Anderson, Jonathan Popper and Conrad Dabiet.