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Manulife Investments overhauls mutual fund lineup

By The IJ Staff | January 16 2018 01:30PM

Manulife Investments announced on Jan. 15 numerous proposed changes to its mutual fund platform.

Among the changes, which are subject to regulatory and securityholder approvals, Manulife Investments is proposing to merge several funds; re-open a closed fund and change the names of a number of funds.

Single Canadian growth team

In addition, Manulife Asset Management announced changes to its Canadian Small Cap Equity team. It is merging its Canadian Small Cap Equity team with its Canadian Large Cap Growth team to form a single Canadian Growth team.

Shauna Sexsmith, Senior Managing Director and Senior Portfolio Manager, will lead the combined Canadian Growth team. Luciano Orengo, co-portfolio manager on Manulife Asset Management's Canadian Small Cap strategies, will now become lead manager, replacing Ted Whitehead as head of the Canadian Small Cap strategies. Whitehead is leaving the company effective Feb. 28.

U.S. Dividend Income Fund reopens to investors

The company also announced that Manulife U.S. Dividend Income Fund will be re-opened to new investors on or about Jan. 31. It was capped to new investors on Jan. 25, 2016 as part of a business decision related to the integration with Standard Life. 

"We are focused on delivering value for our clients," said Bernard Letendre, Head of Wealth and Asset Management, Canada and President & CEO, Manulife Investments. "These changes simplify our product offering to provide both our clients and advisors with a more streamlined platform of high quality funds."

Manulife Investments is proposing to merge the following funds on or about the close of business on April 20, 2018:

Terminating Fund

Continuing Fund

Manulife Asia Total Return Bond Fund

Manulife Global Tactical Credit Fund

Manulife U.S. Dollar Floating Rate
Income Fund

Manulife U.S. Dollar Strategic Income
Fund

Manulife Canadian Opportunities
Balanced Class

Manulife Canadian Monthly Income Class

Manulife Canadian Dividend Growth
Class

Manulife Canadian Dividend Income
Class

Manulife Preferred Income Class

Manulife Dividend Income Class

Manulife Canadian Opportunities Class

Manulife Canadian Stock Class

Manulife U.S. Dividend Income
Registered Fund

Manulife U.S. Dividend Income Fund

 

The company is also proposing to merge the following funds on or about the close of business on May 25, 2018:

Terminating Fund

Continuing Fund

Manulife Money Fund

Manulife Money Market Private Trust

Manulife Short Term Bond Fund

Manulife Money Market Private Trust

Manulife Canadian Corporate Bond Fund

Manulife Canadian Bond Plus Fund

Manulife High Yield Bond Fund

Manulife U.S. Tactical Credit Fund

Manulife Emerging Markets Debt Fund

Manulife Global Tactical Credit Fund

Manulife Canadian Opportunities
Balanced Fund

Manulife Canadian Monthly Income Fund

Manulife Tactical Income Fund

Manulife Canadian Monthly Income Class

Manulife Unhedged U.S. Monthly High
Income Fund

Manulife U.S. Monthly High Income Fund

Manulife Conservative Income Fund

Manulife Yield Opportunities Fund

Manulife Canadian Opportunities Fund

Manulife Canadian Stock Fund

Manulife U.S. Dividend Income Class

Manulife U.S. Dividend Income Fund

Manulife Emerging Markets Class

Manulife Emerging Markets Fund

Manulife U.S. Fixed Income Private Trust

Manulife Global Fixed Income Private
Trust

 

Manulife Investments also announced that the following fund name changes effective on or about April 6, 2018:

Current Fund Name

New Fund Name

Manulife Money Market Private Trust*

Manulife Money Market Fund

Manulife Canadian Bond Plus Fund

Manulife Canadian Unconstrained
Bond Fund

Manulife U.S. Tactical Credit Fund

Manulife U.S. Unconstrained Bond
Fund

Manulife Global Tactical Credit Fund

Manulife Global Unconstrained Bond
Fund

Manulife Canadian Monthly Income Fund

Manulife Fundamental Income Fund

Manulife Canadian Monthly Income Class

Manulife Fundamental Income Class

Manulife Canadian Equity Balanced Class

Manulife Fundamental Balanced Class

Manulife Canadian Dividend Income Fund

Manulife Fundamental Dividend Fund

Manulife Canadian Dividend Income Class

Manulife Fundamental Dividend Class

Manulife Canadian Stock Fund

Manulife Fundamental Equity Fund

Manulife Canadian Stock Class

Manulife Fundamental Equity Class

Manulife Canadian Focused Fund

Manulife Dividend Income Plus Fund

Manulife Canadian Focused Class

Manulife Dividend Income Plus Class

*Subsequent to the May 25, 2018 merger involving this fund, it will no longer be considered part of Manulife Private Investments Pools.

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