C$ unless otherwise stated
TSX/NYSE/PSE: MFC SEHK: 945
TORONTO, July 27,
2022 /CNW/ - Manulife Investment Management today
announced several updates to its investment offerings. Updates
include:
- Addition of a sub-advisor to select funds
- Risk rating adjustments on certain funds
Addition of Sub-Advisor to Select
Funds
The following individual will be added as a named portfolio
manager on select mandates.
- Felicity Smith, Managing
Director, Portfolio Manager, Manulife Investment Management
(Europe) Limited.
Felicity Smith will share joint
responsibility with the currently named portfolio managers for the
day-to-day investment decisions of the following funds.
- Manulife Global Dividend Fund
- Manulife Global Dividend Class
- Manulife Global Dividend Growth Fund
- Manulife Global All Cap Focused Fund
As a result of this development, Manulife Investment Management
(Europe) Limited will be added as
a sub-advisor to the four impacted funds.
Risk Rating Adjustments on Certain
Funds
Manulife Investment Management is also announcing risk rating
changes to its mutual fund platform as part of its annual
Prospectus renewal process. These changes become effective on or
about the close of business on August 2,
2022.
Risk Rating Decrease:
Fund
|
Current
Rating
|
New
Rating
|
Manulife U.S. Dollar
Strategic Income Fund
|
Low to
Medium
|
Low
|
Risk Rating Increase:
Fund
|
Current
Rating
|
New
Rating
|
Manulife U.S. Dollar
U.S. All Cap Equity Fund
|
Medium
|
Medium to
High
|
Manulife U.S. Equity
Private Pool
|
Medium
|
Medium to
High
|
The risk rating changes are based on an annual review following
the methodology mandated by the Canadian Securities Administrators
and are not the result of any changes to the investment objectives,
strategies, or management of these funds.
Commissions, trailing commissions, management fees and
expenses all may be associated with mutual fund investments. Please
read the fund facts as well as the prospectus before investing.
Mutual funds are not guaranteed, their values change frequently,
and past performance may not be repeated. Manulife Funds are
managed by Manulife Investment Management Limited.
The Manufacturers Life Insurance Company (Manulife) is the
issuer of insurance contracts containing Manulife segregated funds
and the guarantor of any guaranteed provisions therein. Any amount
that is allocated to a segregated fund is invested at the risk of
the contract holder and may increase or decrease in value. Manulife
Investment Management is a trade name of The Manufacturers Life
Insurance Company and Manulife Investment Management Limited.
Manulife, Manulife Investment Management, the Stylized M Design,
and Manulife Investment Management & Stylized M Design are
trademarks of The Manufacturers Life Insurance Company and are used
by it, and by its affiliates under license.
About Manulife Investment
Management
Manulife Investment Management is the global brand for the
global wealth and asset management segment of Manulife Financial
Corporation. We draw on more than a century of financial
stewardship and the full resources of our parent company to serve
individuals, institutions, and retirement plan members worldwide.
Headquartered in Toronto, our
leading capabilities in public and private markets are strengthened
by an investment footprint that spans 19 geographies. We complement
these capabilities by providing access to a network of unaffiliated
asset managers from around the world. We're committed to investing
responsibly across our businesses. We develop innovative global
frameworks for sustainable investing, collaboratively engage with
companies in our securities portfolios, and maintain a high
standard of stewardship where we own and operate assets, and we
believe in supporting financial well-being through our workplace
retirement plans. Today, plan sponsors around the world rely on our
retirement plan administration and investment expertise to help
their employees plan for, save for, and live a better retirement.
Not all offerings are available in all jurisdictions. For
additional information, please visit manulifeim.com.
About Manulife
Manulife Financial Corporation is a leading international
financial services provider that helps people make their decisions
easier and lives better. With our global headquarters in
Toronto, Canada, we provide
financial advice and insurance, operating as Manulife across
Canada, Asia, and Europe, and primarily as John Hancock in the
United States. Through Manulife Investment Management, the
global brand for our global wealth and asset management segment, we
serve individuals, institutions, and retirement plan members
worldwide. At the end of 2021, we had more than 38,000 employees,
over 119,000 agents, and thousands of distribution partners,
serving over 33 million customers. Our principal operations are in
Asia and Canada, and the
United States, where we have served customers for more than
160 years. We trade as 'MFC' on the Toronto, New
York, and the Philippine stock exchanges and under '945' in
Hong Kong. In the previous 12
months we made CAD$32.7 billion in
payments to our customers. Not all offerings are available in all
jurisdictions. For additional information, please visit
manulife.com.
SOURCE Manulife Investment Management