C$ unless otherwise stated
TSX/NYSE/PSE: MFC SEHK: 945
TORONTO, March 14, 2019 /CNW/ - Manulife Investments today announced the receipt of the required approvals from applicable securityholders to proceed with the previously announced mutual fund changes. These changes include the merger of the Manulife International Value Equity Fund and the Manulife EAFE Equity Fund (formerly Manulife International Focused Fund) and the proposed investment objective change to the Manulife EAFE Equity Fund, both effective on or about April 5, 2019.
Notwithstanding the receipt of the requisite securityholder approval, the merger of these funds also requires the approval of the Canadian securities regulators before such merger may be effected.
About Manulife Investments
Manulife Investments, a division of Manulife Asset Management Limited, 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 and its affiliates offer a variety of products and services including exchange traded funds, segregated fund contracts, mutual funds and guaranteed interest contracts.
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. We operate primarily as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2018, we had more than 34,000 employees, over 82,000 agents, and thousands of distribution partners, serving almost 28 million customers. As of December 31, 2018, we had over $1.1 trillion (US$794 billion) in assets under management and administration, and in the previous 12 months we made $29.0 billion in payments to our customers. Our principal operations in Asia, Canada and the United States are 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.
SOURCE Manulife Financial Corporation
For further information: Media Contact: Giovana Chichito, Manulife, 647-702-4704, Giovana_Chichito@manulife.com