Manulife capping flagship income fund

Manulife Investments has announced it’s capping the Manulife Monthly High Income Fund, due to capacity concerns.

The changes will also affect the related Manulife Monthly High Income Class and Manulife Canadian Balanced Private Pool, and all three will be capped as of Friday, August 28, 2015. The capping also applies to segregated fund contracts for which these were underlying funds.

“Slowing the growth of assets in the funds will maintain [its] flexibility to continue to invest assets in line with the management team’s approach,” says Derek Saliba, assistant vice president of Mutual Fund Products.

Staff

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