Manulife Mutual Funds Expands Number of Funds Offering Investors Tax-Efficient Income
- Addition of Series T and Series IT to a number of existing Manulife Mutual Funds
- Addition of Series FT to all funds with Series T and Series IT
- More than 75 Manulife Mutual Funds now offer tax-efficient Series T option
- Manulife Leverage Company Class renamed Manulife Special Opportunities Class
TORONTO, Aug. 13, 2012 /CNW/ - Manulife Mutual Funds announced today the addition of Series T and Series IT to more funds within the fund line-up, and Series FT to all funds with Series T and IT. These funds will be available for purchase on August 20, 2012. The Series T structure provides tax-efficient monthly cash flow to investors.
"We believe the need for income generation will only increase over time as investors move into the retirement phase of their lives," noted Jeff Ray, Assistant Vice President, Mutual Funds & Structured Products. "We've introduced these fund options to strengthen our support for advisors by offering more strategies and solutions for use in their efforts to assist clients in meeting their investment income needs."
Most of these funds now feature Series T and offer monthly targeted distributions of 6%, which Manulife Mutual Funds considers to be an attractive feature in today's low interest rate environment. The rate is also appealing to investors interested in receiving tax-efficient cash flow from their investments on a monthly basis.
More than 75 Manulife Mutual Funds now offer the increasingly popular Series T option, which can be used on its own or to supplement traditional fixed-income investments in a diversified portfolio.
The Series IT and Series FT are additional options for investors and advisors who prefer customizable fee alternatives. The Series IT funds are available to investors who have invested a minimum amount, generally $100,000, in a fund. The Series FT option is appealing to investors who have fee-based or wrap accounts.
"As a premier provider of investment solutions, we want to ensure that our fund lineup offers a fulsome suite of high quality investment solutions for advisors and their clients that reflect today's economic environment, and support their future needs," said Mr. Ray.
Effective August 1, 2012, the Manulife Leveraged Company Class has been renamed Manulife Special Opportunities Class.
About Manulife Mutual Funds
Manulife Mutual Funds, a division of Manulife Asset Management Limited, builds on 125 years of Manulife Financial's wealth and investment management expertise in managing approximately C$18.8 billion as at March 31, 2012 for Canadian investors, through a diverse portfolio of forward-thinking mutual fund products. Our experienced Portfolio Managers offer access to markets in Canada, the United States and around the world, in a range of investment styles to help meet individual needs. Manulife Mutual Funds is part of Manulife Investments, which offers personal wealth management products and services, such as mutual funds, segregated fund contracts, annuities and guaranteed interest contracts. For more information, please visit manulifemutualfunds.ca.
About Manulife Asset Management
Manulife Asset Management™ is the global asset management arm of Manulife Financial. Manulife Asset Management provides comprehensive asset management solutions for institutional investors and investment funds in key markets around the world. Manulife Asset Management also provides investment management services to affiliates' retail clients through product offerings of Manulife and John Hancock. This investment expertise extends across a full range of asset classes including equity, fixed income and alternative investments such as real estate, timber, farmland, as well as asset allocation strategies. Manulife Asset Management has offices with full investment capabilities in the United States, Canada, the United Kingdom, Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia and the Philippines. In addition, it has a joint venture asset management business in China, Manulife TEDA. It also has operations in Australia, New Zealand, Brazil and Uruguay. John Hancock Asset Management, Hancock Natural Resource Group and Declaration Management and Research are units of Manulife Asset Management. As at March 31, 2012, assets under management were C$219.8 billion (US$219.8 billion). Additional information about Manulife Asset Management can be found at www.manulifeam.com.
Manulife Asset Management was named a 2011 'Bond Manager of the Year' finalist by Money Management Intelligence (MMI) in the United States and "Best Asia Bond House" by Asia Asset Management.
About Manulife Financial
Manulife Financial is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. In 2012, we celebrate 125 years of providing clients strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Our international network of employees, agents and distribution partners offers financial protection and wealth management products and services to millions of clients. We also provide asset management services to institutional customers. Funds under management by Manulife Financial and its subsidiaries were C$512 billion (US$512 billion) as at March 31, 2012. The Company operates as Manulife Financial in Canada and Asia and primarily as John Hancock in the United States.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at manulife.com.
The monthly distributions are not guaranteed. If the mutual fund's rate of return is less than the distribution payout rate, the value of your investment will decrease over time as will the amount of the monthly payments. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
SOURCE: Manulife Financial CorporationFor further information:
Tracy Van Kalsbeek
Public Relations Consultant
Manulife Financial Canadian Division