MONTREAL, July 24, 2015 /CNW/ - Manulife Asset Management Ltd. (MAML), now the manager of the Standard Life Mutual Funds (following the previously announced amalgamation with Standard Life Mutual Funds Ltd.), today announced that as part of its evaluation of the investment options of the newly combined organization to determine the best platform for its customers, it will terminate the following funds on or about September 25, 2015:
- Standard Life Global Portfolio
- Standard Life Global Portfolio Class
- Standard Life Canadian Equity Class
- Standard Life Canadian Equity Value Class
- Standard Life Canadian Equity Growth Class
- Standard Life Canadian Small Cap Class
- Standard Life Global Equity Value Class
- Standard Life International Equity Class
- Standard Life Aggressive Portfolio Class
- Standard Life U.S. Dividend Growth Class
(together, the "Funds")
As of 16:00 ET on July 24, 2015, securities of the Funds will no longer be available for new purchases, including purchases through regular investment plans. Owners of securities of the Funds are advised to contact their advisor prior to the termination date to understand the financial and tax implications of the terminations and to discuss their options, including switching investments to another fund or redeeming securities. MAML will waive all sales charges and redemption fees in connection with the redemptions of securities of the terminating Funds.
A notification letter, containing details of the terminations, will be mailed to all affected securityholders.
For further information, call 1-888-345-0756 Monday to Friday 8:30am to 5:00pm (Eastern and Mountain Time) or visit www.standardlife.ca
About Manulife Investments
Manulife Investments, a division of Manulife Asset Management Limited, builds on 125 years of Manulife's wealth and investment management expertise in managing assets for Canadian investors. As one of Canada's leading integrated financial services providers, Manulife Investments offers a variety of products and services including segregated fund contracts, mutual funds, annuities and guaranteed interest contracts.
Manulife is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. We operate as John Hancock in the U.S. and as Manulife in other parts of the world. We provide strong, reliable, trustworthy and forward-thinking solutions for our customers' 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. Assets under management by Manulife and its subsidiaries were approximately C$821 billion (US$648 billion) as at March 31, 2015.
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
For further information: