MONTRÉAL, Feb. 2, 2015 /CNW Telbec/ - Standard Life Mutual Funds Ltd. announces today that due to Manulife Financial Corporation's acquisition of the Canadian-based operations of Standard Life plc, Standard Life Mutual Funds Ltd.and its mutual fund family, and Standard Life Investments Inc., the primary portfolio manager of the funds, are now part of Manulife Investments. The transaction was first announced on September 3, 2014 and is now effective as of January 30, 2015.
Further to this change, securityholders can expect to see the adoption of Manulife branding, commencing with the change in name of Standard Life Investments Inc. to Manulife Asset Management Accord (2015) Inc., effective February 2, 2015. This is a change in name only and does not impact any fund mandates or the portfolio managers who manage them.
In addition, as part of the efforts to align businesses and serve our investors better, the fund manager for the funds will be changed from Standard Life Mutual Funds Ltd. to Manulife Asset Management Limited, subject to obtaining securityholder approval at meetings to be held on or about March 26, 2015. This change in fund manager applies to all Standard Life Trust Funds and Standard Life Corporate Class Funds. However, the names of the funds remain the same. This is a change in fund manager only and does not impact any fund mandates or the portfolio managers who manage them.
Note to editors:
1. Standard Life Canada now part of Manulife
About Standard Life Mutual Funds
Standard Life Mutual Funds Ltd. (SLMF) was established in 2000 in Canada. It offers to advisors and individual investors some 58 mutual funds and fund-of-funds with varying investment styles across major asset classes. As of December 31, 2014, SLMF had C$6.6 billion of assets under management.
SOURCE STANDARD LIFE MUTUAL FUNDS LTD.
For further information: Anne-Julie Gratton, 514 499-7999 or 1 877 499-9555, ext. 8150, Anne-Julie.Gratton@Standardlife.ca