TORONTO, June 10 /CNW/ - Manulife Mutual Funds (a division of Elliott &
Page Limited) announced plans today to cap all retail series of Manulife
Global Tactical Fund, Manulife Global Real Estate Fund, Manulife Real Return
Strategy Fund and Manulife International Large Cap Fund. All Funds will be
capped to new purchases, including systematic transfers, effective June 19,
2009. The Funds will be terminated on or about December 11, 2009.
The decision was made to cap and terminate these funds due to the high
costs associated with managing smaller funds. This will allow Manulife Mutual
Funds to concentrate resources in other mandates to better serve the interests
"As one of Canada's leading financial services firms, Manulife provides
access to top quality investment funds," said Bob Tillmann, Vice President
Marketing & Business Development for Elliott & Page Limited. "Through regular
review of our fund line-up, we are able to ensure that Manulife Mutual Funds
offers a strong and efficient product offering that meets the demands of
investors and their advisors. With these goals in mind, Manulife Mutual Funds
has decided to cap and terminate these four funds to improve overall cost
efficiencies" added Mr. Tillmann.
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 Manulife Financial
Manulife Financial is a leading Canadian-based financial services group
serving millions of customers in 19 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$405 billion
(US$322 billion) as at March 31, 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, firstname.lastname@example.org