Manulife Dollar Cost Averaging Fund now available in Series F
C$ unless otherwise stated
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TORONTO, Aug. 10, 2016 /CNW/ - Manulife Investments today announced that it is introducing the Manulife International Equity Private Trust, and a Series F for the Manulife Dollar-Cost Averaging Fund (DCAF).
The Manulife International Equity Private Trust will be part of the Manulife Private Investment Pools, which now has a lower minimum entry point of $100,000. Launched in December 2012, Manulife Private Investment Pools offer investment pools spanning a range of asset classes. The portfolios are managed by award-winning asset managers at Manulife Asset Management and Mawer Investment Management Ltd. ("Mawer"). The Manulife International Equity Private Trust is invested primarily in equity securities of companies located outside of Canada and the United States.
"The new Pool offers investors another way to diversify with investments outside of North America," said Bernard Letendre, President, Manulife Investments.
Manulife International Equity Private Trust will be managed by Mawer's David Ragan and Peter Lampert, who have a combined 20 years of investing experience. The portfolio managers will be allocating capital to the best international opportunities, which will normally include companies across different market capitalizations. The portfolio managers will identify wealth creating companies that they believe have solid management teams and are trading at a discount to their intrinsic values. This new Pool will provide investors with a non-North American equity mandate within the overall Manulife Private Investment Pool lineup. Manulife Investments has had an exclusive partnership with Mawer since 2008.
Series F of Manulife Dollar-Cost Averaging Fund (DCAF) is now available. This solution provides investors in fee-based programs with an automated and systematic approach to investing in the markets over time. DCAF offers a competitive rate of return equivalent to the interest rate offered by the Manulife Bank Investment Savings Account as the assets wait to be transitioned to the pre-selected long-term investment fund.
"With the growth in demand for our fee based series, it's important for us to provide our automated Dollar-Cost Averaging Fund for Series F in addition to Advisor Series which has been available for quite some time," said Mr. Letendre.
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 June 2016, we had $934 billion (US$718 billion) in assets under management and administration, and in the previous 12 months we made more than $25.4 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 www.manulife.com or www.johnhancock.com.
SOURCE Manulife Financial Corporation
For further information: Media contact: Graeme Harris, Manulife, 416-852-9476, [email protected],@ManulifeNews