Manulife amends prospectus

By Staff | March 6, 2012 | Last updated on March 6, 2012
1 min read

Manulife Mutual Funds has announced amendments to its Aug. 19, 2011 prospectus.

Effective March 30, 2012, Manulife is making changes to its Diversified Income Portfolio. The amendments include expanding the list of mutual funds in which the portfolio manager may invest, removing the minimum weight for equity securities and increasing the allowable weight for fixed income securities to 100%.

Manulife says the addition of the four funds (listed below), along with changes to the target weightings of the asset classes, will allow the portfolio manager to make the most flexible asset allocation decisions and better meet the investment objectives of the fund. The four funds are as follows:

  • Manulife Asia Total Return Bond Fund
  • Manulife Emerging Markets Debt Fund
  • Manulife High Yield Bond Fund
  • Manulife Long Term Bond Fund

Also effective March 30, 2012, Manulife will change the portfolio sub-advisory responsibilities of the Manulife Canadian Large Cap Value Class fund. Manulife Asset Management Limited will assume direct portfolio management responsibility for the fund; Monika Skiba has been named the lead portfolio manager.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.