TORONTO, Aug. 20 /CNW/ - Manulife Mutual Funds, a division of Elliott &
Page Limited, has announced the addition of three new mandates to its lineup
"We continuously review our products to ensure we provide access to a
comprehensive and competitive fund lineup," said Jeff Ray, Assistant
Vice-President, Mutual Fund Products. "These additions provide Canadians with
additional sources of diversification and access to top-ranked investment
management," added Mr. Ray.
The new funds are:
Manulife Investment Savings Fund
Given the low yields currently being earned on money market funds, the
Manulife Investment Savings Fund will provide investors with an alternative
for their short-term investments. The fund leverages our relationship with
Manulife Bank of Canada to offer investors with a short-term investment
solution that focuses on capital preservation by providing a strong rate of
return for investors.
Manulife Canadian Balanced Growth Fund
This Canadian balanced fund will be managed by MFC Global Investment
Management's Shauna Sexsmith, who utilizes a unique thematic approach to stock
selection and Terry Carr who applies his award-winning strategy to fixed
income investments. Equities will constitute 40-60% of the portfolio with the
balance in fixed income securities. The equity portion of the fund's assets
will primarily be invested in a portfolio of Canadian securities based on the
successful strategy used in the Manulife Canadian Equity Fund. The
fixed-income portion of the fund may invest in Canadian and foreign government
and corporate debt securities including high yield securities. The fund may
also invest in securities of the Manulife Corporate Bond Fund.
Manulife Mawer Global Equity Class
Sub-advised by Mawer Investment Management Ltd., this new global equity
fund is an addition to the Manulife Mawer funds which were launched last year.
The fund will be a concentrated portfolio of Mawer's best equity ideas from
around the world using the same successful investment strategy that is used
for all of Mawer's equity funds. This fund will be available for sale as of
November 2, 2009.
In addition, Manulife Mutual Funds also announced other changes to the
2009 simplified prospectus renewal.
- Dan Cole, Vice-President, MFC Global Investment Management (U.S.)
LLC, will replace Rhonda Chang as the lead manager for the Manulife
U.S. Mid-Cap Fund. Mr. Cole has over 17 years investment experience,
many of which were spent managing U.S. Mid-Cap mandates. Mr. Cole is
further supported by portfolio managers/analysts Christopher O'Brien
and Robert Shea.
- Effective December 19, 2009, the following funds will be terminated
as previously announced: Manulife Global Real Estate Fund, Manulife
Global Tactical Fund, Manulife Real Return Strategy Fund and Manulife
International Large Cap Fund. The funds were capped on June 19, 2009
and therefore are not part of the 2009 Simplified Prospectus.
About Manulife Investments
Manulife Investments is the brand name describing certain Canadian
subsidiaries and operating divisions of Manulife Financial Corporation that
offer personal wealth management products and services in Canada. As one of
Canada's leading integrated financial services providers, Manulife Investments
offers a variety of products and services including segregated funds, mutual
funds, annuities and guaranteed investment contracts.
About MFC Global Investment Management
MFC Global Investment Management(R) is the asset management division of
Manulife Financial, with investment offices in the United States, Canada, the
United Kingdom, Japan, Hong Kong, and throughout Southeast Asia. With more
than Cdn$291 billion in assets under management as at June 30, 2009, MFC
Global Investment Management(R) is a leading global investment management
About Mawer Investment Management Limited
Mawer has been managing portfolios for individual and institutional
investors for more than three decades. The firm is one of Canada's most
experienced investment counsellors. Since investment is their only business,
they are able to focus on their primary objective: to preserve and create
wealth for their clients.
About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group
serving millions of customers in 22 countries and territories worldwide.
Operating as Manulife Financial in Canada and Asia, and primarily through John
Hancock in the United States, the Company offers clients a diverse range of
financial protection products and wealth management services through its
extensive network of employees, agents and distribution partners. Funds under
management by Manulife Financial and its subsidiaries were Cdn$421 billion
(US$362 billion) as at June 30, 2009.
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
For further information:
For further information: Media Contact: Tom Nunn, Manulife Financial,
(519) 594-8578, email@example.com