C$ unless otherwise stated
TSX/NYSE/PSE: MFC
SEHK:945
TORONTO, Aug. 1, 2013 /CNW/ - Manulife Mutual Funds (MMF) today
announced a decrease to the risk rating associated with Manulife Strategic Balanced Yield Fund and Manulife Strategic Balanced Yield Class. This change will be reflected in the Manulife Mutual Funds Simplified
Prospectus, which will be filed on or about August 1, 2013.
The Investment Funds Institute of Canada established guidelines for
determining risk ratings based primarily upon the variability of
returns for a mutual fund. Based on these guidelines, MMF determined it
was appropriate to change the risk rating for Manulife Strategic
Balanced Yield Fund and Manulife Strategic Balanced Yield Class from
"Medium" to "Low to Medium". No changes have been made to the
investment objectives, strategies or management of these mutual funds.
Manulife Mutual Funds also announced today its intention to close the Manulife Global Small Cap Fund and Manulife Global Small Cap Balanced Fund to new purchases, other than purchases made under existing
pre-authorized chequing and dollar cost averaging plans, on or before
December 31, 2013. All series of these funds, including those series
used in segregated fund contracts, will be closed to new purchases.
For more information, please contact Manulife customer Services at 1 888
588 7999
About Manulife Mutual Funds
Manulife Mutual Funds, a division of Manulife Asset Management Limited,
builds on 125 years of Manulife Financial's wealth and investment
management expertise in managing assets for Canadian investors, through
a diverse portfolio of forward-thinking mutual fund products. Our
experienced Portfolio Managers offer access to markets in Canada, the
United States and around the world, in a range of investment styles to
help meet individual needs. Manulife Mutual Funds is part of Manulife
Investments, which offers personal wealth management products and
services, such as mutual funds, segregated fund contracts, annuities
and guaranteed interest contracts. For more information, please visit manulifemutualfunds.ca.
About Manulife Asset Management
Manulife Asset Management™ is the global asset management arm of
Manulife Financial. Manulife Asset Management provides comprehensive
asset management solutions for institutional investors and investment
funds in key markets around the world. Manulife Asset Management also
provides investment management services to its affiliates' retail
clients through product offerings of Manulife and John Hancock. This
investment expertise extends across a full range of asset classes
including equity, fixed income and alternative investments such as real
estate, timber, farmland, as well as asset allocation strategies.
Manulife Asset Management has offices with full investment capabilities
in the United States, Canada, the United Kingdom, Japan, Hong Kong,
Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia and the
Philippines. In addition, it has a joint venture asset management
business in China, Manulife TEDA. It also has operations in Australia,
New Zealand, Brazil and Uruguay. John Hancock Asset Management, Hancock
Natural Resource Group and Declaration Management and Research are
units of Manulife Asset Management. As at March 31, 2013, assets under
management were CDN$252 billion (US$248 billion). Additional
information about Manulife Asset Management can be found at www.manulifeam.com.
About Manulife Financial
Manulife Financial is a leading Canada-based financial services group
with principal operations in Asia, Canada and the United States.
Clients look to Manulife for strong, reliable, trustworthy and
forward-thinking solutions for their most significant financial
decisions. Our international network of employees, agents and
distribution partners offers financial protection and wealth management
products and services to millions of clients. We also provide asset
management services to institutional customers. Funds under management
by Manulife Financial and its subsidiaries were C$555 billion (US$547
billion) as at March 31, 2013. The Company operates as Manulife
Financial in Canada and Asia and primarily as John Hancock in the
United States.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '945' on the SEHK. Manulife Financial can be found on the
Internet at manulife.com.
SOURCE: Manulife Financial Corporation
