- Addition of certain funds to the list of mutual funds in which the Manulife Diversified Income Portfolio may invest and change to the target weightings of the asset classes
- Change of portfolio sub-advisory responsibilities of one existing fund
TORONTO, March 5, 2012 /CNW/ - In the continuing effort to provide advisors and investors with comprehensive investments that meet their needs, Manulife Mutual Funds announced today amendments to the August 19, 2011 prospectus.
Enhance flexibility of the Manulife Diversified Income Portfolio
Effective on or about March 30, 2012, Manulife Mutual Funds will enhance the flexibility of the Manulife Diversified Income Portfolio by expanding the list of mutual funds in which the portfolio manager may invest, removing the minimum weight for equity securities and increasing the allowable weight for fixed income securities to 100%. The addition of the four funds outlined below, along with changes to the target weightings of the asset classes will allow the portfolio manager to make the most flexible asset allocation decisions and better meet the investment objectives of the Fund.
- Manulife Asia Total Return Bond Fund
- Manulife Emerging Markets Debt Fund
- Manulife High Yield Bond Fund
- Manulife Long Term Bond Fund
Effective on or about March 30, 2012, Manulife Mutual Funds will change the portfolio sub-advisory responsibilities of the following fund:
- Manulife Asset Management Limited will assume direct portfolio management responsibility for the Manulife Canadian Large Cap Value Class. Monika Skiba has been named the lead portfolio manager.
About Manulife Mutual Funds
Manulife Mutual Funds, a division of Manulife Asset Management Limited, builds on more than 120 years of Manulife Financial's wealth and investment management expertise in managing approximately $17.7 billion as at December 31, 2011 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 funds, annuities and guaranteed investment contracts. For more information, please visit manulifemutualfunds.ca.
About Manulife Financial
Manulife Financial is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. In 2012, we celebrate 125 years of providing clients with 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 $500 billion (US$491 billion) as at December 31, 2011. 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.
For further information:
AVP, Media Relations
Manulife Financial Canadian Division