TORONTO, June 5, 2014 /CNW/ - Manulife Mutual Funds is committed to sustaining a strong and efficient product offering that continues to serve the needs of Canadian investors. As such, Manulife Mutual Funds will make a number of changes to its platform including certain fund terminations, and the closure of Series IT.
Manulife Mutual Funds will be terminating the following three funds due to limited demand from investors:
- Manulife Emerging Markets Equity Fund
- Manulife Global Natural Resources Fund
- Manulife Investment Savings Fund
The fund terminations will be effective on or about December 5, 2014. Securityholders will have the right to redeem the securities of each terminating fund up to the close of business on the effective date of the fund termination.
As of the close of business on or about July 30, 2014, each terminating fund will cease distribution of new securities.
Affected investors are encouraged to contact their advisor to discuss these fund terminations, including how to switch their assets to another Manulife mutual fund that best meets their individual investment needs and circumstances prior to December 5, 2014.
Securityholders of the terminating funds will be sent a written notice outlining the details of the termination.
Series IT Closure
Effective on or about July 30, 2014, Manulife Mutual Funds will close Series IT to all new purchases as a result of limited demand from investors. Current securityholders can continue to hold their units in Series IT.
For more information, please contact Manulife Customer Service at 1-888-588-7999 for English and 1-877-426-9991 for French.
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 March 31, 2014, assets under management for Manulife Asset Management were C$298 billion (US $269 billion). Additional information about Manulife Asset Management may be found at ManulifeAM.com.
Manulife 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 and its subsidiaries were approximately C$635 billion (US$574 billion) as at March 31, 2014. Our group of companies operates as Manulife 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 can be found on the Internet at manulife.com.
SOURCE: Manulife Financial Corporation
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