C$ unless otherwise stated
TORONTO, Dec. 3, 2013 /CNW/ - Manulife Mutual Funds is committed to
sustaining a strong and efficient product offering that continues to
serve investors' needs. As such, the company has made a number of
Portfolio Management Appointments
On or about December 20, 2013 there will be a number of portfolio
manager and portfolio sub-advisor changes affecting the mutual fund
As a direct result of these changes, Paul Boyne, Senior Managing
Director and Senior Portfolio Manager, Manulife Asset Management (US)
LLC, and Doug McGraw, CFA, Managing Director and Portfolio Manager, Manulife Asset Management
(US) LLC, will be named co-managers for the following funds:
Manulife Global Opportunities Fund*
Manulife Global Opportunities Class
Manulife Global Opportunities Balanced Fund
Manulife Global Opportunities Balanced Class*
Mr. Boyne is a senior managing director, senior portfolio manager and
the lead portfolio manager of Manulife Asset Management's Global Equity
strategy. He is a Fellow of the Association of Chartered Accountants.
Mr. McGraw is a managing director and portfolio manager for Manulife
Asset Management (US) LLC. He holds a B.S. in Finance from Miami
University and an M.B.A. from the University of Notre Dame. He is a CFA
In addition, the portfolio sub-advisor responsibilities for the
following funds will change to Manulife Asset Management (Europe)
Limited from Manulife Asset Management (US) LLC:
Manulife Global Natural Resources Fund
Manulife Emerging Markets Equity Fund
Manulife Emerging Markets Equity Class*
Manulife Asset Management (Europe) Limited will also act as the
portfolio sub-advisor for the equity portion of Manulife Emerging
Markets Balanced Fund* and Manulife Asset Management (US) LLC continues
to be the portfolio sub-advisor for its fixed income securities.
*Funds will be managed by the new Portfolio Managers on an interim basis
until their fund termination on or about February 7, 2014.
Peter Mennie, ASIP, a portfolio manager and Head of Investment Risk
Management and Quantitative Analytics, Manulife Asset Management
(Europe) Limited, will manage the above funds. One exception will be
the Manulife Emerging Markets Balanced Fund for which he will be the
portfolio manager for its equity securities and Robert Sanchez-Dahl and
Paolo H. Valle, both of Manulife Asset Management (US) LLC, will
continue to manage its fixed income securities.
Mr. Mennie is a member of the CFA Society of the U.K. and of the CFA
Institute, and holds the ASIP designation, a recognized qualification
of the CFA Institute.
Fund Offering Changes
Manulife Mutual Funds will terminate the following nine funds, effective
on or about February 7, 2014:
Manulife Canadian Equity Balanced Fund
Manulife Emerging Markets Balanced Fund
Manulife Emerging Markets Equity Class
Manulife Global Opportunities Balanced Class
Manulife Global Opportunities Fund
Manulife Leaders Balanced Growth Class
Manulife Leaders Balanced Income Class
Manulife Leaders Opportunities Class
Manulife Long Term Bond Fund
These funds will be closed to new purchases (buys and switch-ins) at 4
p.m. ET on December 6, 2013. Existing pre-authorized chequing plans
(PAC) and switches from existing securities of the Manulife Dollar-Cost
Averaging Fund (DCAF), along with existing allocations for RESP
incentives, will continue until February 7, 2014.
Affected investors are encouraged to contact their advisor to discuss
these fund terminations and their investment options, including how to
switch their assets to another Manulife mutual fund by February 6,
If alternative investment instructions are not received by February 6,
2014, client assets in the terminating funds will be transferred
automatically to the applicable Manulife Money Fund or Manulife Short
Term Yield Class on February 7, 2014.
A notification letter, containing details of the fund terminations, will
be mailed to affected security holders.
For a complete list of our current mutual fund offerings, visit www.manulifemutualfunds.ca, call a client service representative at 1-888-588-7999 or email email@example.com.
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 assets 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, providing 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
public, private, and alternative asset classes, as well as asset
allocation solutions. As at September 30, 2013, assets under management
for Manulife Asset Management were C$265 billion (US $258 billion).
Additional information about Manulife Asset Management may be found at
About Manulife Financial
Manulife Financial is a leading Canada-based financial services group
with principal operations in Asia, Canada and the United States.
Clients look 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. We also provide asset
management services to institutional customers. Funds under management
by Manulife Financial and its subsidiaries were C$574.6 billion
(US$558.7 billion) as at September 30, 2013. 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.
SOURCE: Manulife Financial Corporation
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