C$ unless otherwise stated
TORONTO, May 10, 2016 /CNW/ - Manulife Investments today announced the appointment of a new sub-advisor and co-lead managers for the Manulife High Yield Bond Fund as well as changes to the high yield fixed income components of Manulife U.S. Monthly High Income Fund, Manulife Unhedged U.S. Monthly High Income Fund (formerly Standard Life U.S. Monthly Income Fund) and Manulife U.S. Balanced Value Private Trust.
Manulife Asset Management (US) LLC (MAM US) will assume on or about May 10, 2016 sub-advisory duties for Manulife High Yield Bond Fund. As of such date, Dennis F. McCafferty, Managing Director and Portfolio Manager, and John F. Addeo, Managing Director and Portfolio Manager (both of MAM US), will be named co- lead managers of the Manulife High Yield Bond Fund.
In addition, Howard C. Greene, Senior Managing Director and Senior Portfolio Manager with MAM US, and already a portfolio manager of Manulife U.S. Monthly High Income Fund, Manulife Unhedged U.S. Monthly High Income Fund and Manulife U.S. Balanced Value Private Trust is now assuming responsibility for the high yield fixed income components of these funds.
For more information, please visit manulifemutualfunds.ca or contact Manulife Investments at the following telephone numbers:
About Manulife Investments
Manulife Investments builds on 125 years of Manulife's wealth and investment management expertise in managing assets for Canadian investors. As one of Canada's leading integrated financial services providers, Manulife Investments offers a variety of products and services including mutual funds, as a division of Manulife Asset Management Limited, and segregated fund contracts, annuities and guaranteed interest contracts, as a division of The Manufacturers Life Insurance Company.
Manulife Financial Corporation is a leading international financial services group providing forward-thinking solutions to help people with their big financial decisions. We operate as John Hancock in the United States, and Manulife elsewhere. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. At the end of 2015, we had approximately 34,000 employees, 63,000 agents, and thousands of distribution partners, serving 20 million customers. At the end of March 2016, we had $904 billion (US$697 billion) in assets under management and administration, and in the previous 12 months we made more than $24.9 billion in benefits, interest and other payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong. Follow Manulife on Twitter @ManulifeNews or visit http://www.manulife.com or www.johnhancock.com.
SOURCE Manulife Financial Corporation
For further information: Media contact: Bev MacLean, Manulife, 416-852-8501, Beverley_Maclean@manulife.com, @ManulifeNews