Manulife Investments announced that it has lowered management fees for the Manulife Strategic Income Fund, the Manulife U.S. Dollar Strategic Income Fund and the Manulife Strategic Investment Grade Global Bond Fund.
The changes are as follows:
|
Fund Name |
Series |
Existing |
New |
Percentage |
|
Manulife Strategic |
Advisor Series & |
1.59% |
1.45% |
-8.8% |
|
Series F & Series FT |
0.69% |
0.60% |
-13.0% |
|
|
Series I & Series IT** |
0.69% |
0.60% |
-13.0% |
|
|
Manulife U.S. Dollar |
Advisor Series & |
1.59% |
1.45% |
-8.8% |
|
Series F & Series FT |
0.69% |
0.60% |
-13.0% |
|
|
Series I** |
0.69% |
0.60% |
-13.0% |
|
|
Manulife Strategic |
Advisor Series & |
1.48% |
1.25% |
-15.5% |
|
Series F & Series FT |
0.67% |
0.50% |
-25.4% |
|
|
Series I** |
0.69% |
0.52% |
-24.6% |
|
|
**Capped to new purchases as of August 2, 2016. New management fees for Series I and IT will be effective on or |
||||
The reduction in management fees will have a corresponding impact on the management expense ratio of the funds over time.
"We continuously review our fund lineup to ensure that we are delivering the value that advisors and their clients have come to expect from us," said Bernard Letendre, Head of Wealth and Asset Management, Canada. "I'm very pleased to announce that in our most recent review, we identified an opportunity to improve the attractiveness of our pricing in the Global Fixed Income category which includes one of our flagship products - Manulife Strategic Income Fund."
