Expands Manulife's global fund offerings
Supplements presence in Canadian Neutral Balanced category
More choices for investors in Corporate Class line-up
TORONTO, May 26, 2011 /CNW/ - Manulife Mutual Funds expanded its
global-oriented funds with the launch this week of two new emerging
markets trust funds and an emerging markets corporate class. In
addition, Manulife Mutual Funds has added a new choice for Canadian
Balanced investors, as well as several corporate class and trust fund
structures, to the product line.
"At Manulife Mutual Funds we are very pleased to offer expanded
investment choices for advisors and their clients with three new funds
focusing on emerging market economies, as those continue to be key
engines for global growth," said Paul Lorentz, President of Manulife
Investments. "The depth and breadth of our new fund launches across
multiple asset classes help to further position Manulife Mutual Funds
as a premier provider of investment solutions."
"The quality and volume of our new product launches sends a strong
message to financial advisors and their clients of momentum at Manulife
Mutual Funds," said Jeff Ray, Assistant Vice President, Mutual Funds &
Structured Products. "We are constantly working to provide more ways
for advisors to deliver strong performance to clients through new trust
funds and corporate classes."
The new funds include:
The Manulife Emerging Markets Debt Fund is designed to take advantage of the yield opportunities that exist in
emerging markets. Portfolio management is led by John F. Iles, Senior
Managing Director and Portfolio Manager, Dan Janis, Senior Managing
Director and Senior Portfolio Manager, Manulife Asset Management (US)
LLC and Yu-Ming Wang, Head of Fixed Income, (Asia), Manulife Asset
Management (Hong Kong) Limited..
The Manulife Emerging Markets Balanced Fund is designed to provide exposure to emerging markets debt and equity in
one investment option. A fund-on-fund structure divided between the
existing Manulife Emerging Markets Fund* and the new Manulife Emerging
Markets Debt Fund, it is managed by Christopher Arbuthnot, Senior
Managing Director and Senior Portfolio Manager, and Amine Benali,
Director and Portfolio Manager, for the equity portion, with John Iles
managing the fixed income assets. All three managers are with Manulife
Asset Management (US) LLC.
The Manulife Emerging Markets Equity Class allows investors to gain exposure to leading companies within emerging
markets. The class is managed by Christopher Arbuthnot and Amine
In addition, Manulife Mutual Funds has added a new mandate available as
either a trust or corporate class for investors looking to benefit from
the strength of the Canadian economy without giving up on opportunities
that reside in the global marketplace. The Manulife Canadian Opportunities Balanced Fund/Class provides investors with a relatively unconstrained approach to the
Canadian equity markets, coupled with a diverse basket of government,
corporate investment grade, and high yield bonds. The Fund takes a
fund-on-fund approach, gaining equity exposure through the Manulife
Canadian Opportunities Fund, and fixed income exposure through fixed
income funds such as the Manulife Bond Fund, Manulife Short Term Bond
Fund, and the Manulife Corporate Bond Fund, or a combination thereof.
For investors interested in the additional tax efficiency offered by
corporate classes, Manulife has added three new offerings, which are
built on existing fund mandates:
Manulife Floating Rate Income Class, which offers the potential to take advantage of a rising interest rate
environment as well as tax-efficient distributions.
Manulife Global Opportunities Balanced Class, a "go-anywhere" global balanced fund that utilizes the investment
strategies of the Manulife Global Opportunities Fund and the Manulife
Strategic Income Fund.
Manulife Dividend Class, which offers diversification and different stock and sector exposure
to dividend-paying Canadian common and preferred securities.
Manulife Mutual Funds is also introducing its Manulife Leaders
Portfolios to the corporate classes, in order to give investors access
to tactical asset allocation with tax efficiency.
Manulife Leaders Balanced Growth Class offers active management of the portfolio's allocation to ensure it is
well-positioned throughout a market cycle.
Manulife Leaders Balanced Income Class is a tactically managed portfolio that provides a steady stream of
income with a secondary objective of capital preservation.
Manulife Leaders Opportunities Class is a tactically managed portfolio offering diversification that
includes exposure to asset classes such as real estate and global
As previously announced and subject to regulatory approval, Manulife is
launching Series T and/or Series IT in the corporate class structure
across a wide range of equity, fixed income and balanced funds, as well
as in the new Manulife Leaders Portfolios in corporate classes,
allowing investors to realize the tax advantages offered by corporate
classes, combined with tax-advantaged monthly income.
*To be renamed Manulife Emerging Markets Equity Fund on or about May 30,
2011 and to be sub-advised by Manulife Asset Management (US) LLC
beginning on or about June 3, 2011.
About Manulife Mutual Funds
Manulife Mutual Funds, a division of Manulife Asset Management Limited,
builds on more than 120 years of Manulife Financial's wealth and
investment management expertise in managing approximately $17.8 billion
as at March 31, 2011 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 funds, annuities and
guaranteed investment contracts. For more information, please visit
About Manulife Asset Management Limited
Manulife Asset Management™ is the global asset management arm of
Manulife Financial. Manulife Asset Management and its affiliates
provide comprehensive asset management solutions for institutional
investors and investment funds in key markets around the world. This
investment expertise extends across a broad 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. As at March 31, 2011, assets under
management for institutional clients were Cdn$211 billion (US$217
billion). Additional information about Manulife Asset Management can be
found at ManulifeAM.com. Prior to December 15, 2010, Manulife Asset
Management was known as MFC Global Investment Management.
About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group
operating in 22 countries and territories worldwide. For more than 120
years, clients worldwide have looked to Manulife for 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 around the
world. We provide asset management services to institutional customers
worldwide as well as reinsurance solutions, specializing in life and
property and casualty retrocession. Funds under management by Manulife
Financial and its subsidiaries were $478 billion (US$492 billion) as at
March 31, 2011. 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 www.manulife.com
SOURCE Manulife Financial
For further information:
Manulife Mutual Funds