C$ unless otherwise stated
TSX/NYSE/PSE: MFC
SEHK:945
TORONTO, Oct. 30, 2013 /CNW/ - Manulife Mutual Funds, a division of
Manulife Asset Management Limited, announced it will cap all new and
additional purchases into the Manulife Global Small Cap Fund and
Manulife Global Small Cap Balanced Fund (collectively, the "Capped
Funds") and close purchases to the USD purchase option for each class
of units offered by Manulife Floating Rate Income Fund effective
November 8, 2013.
Each series of the Capped Funds will be closed to new and additional
purchases, other than contributions made under existing pre-authorized
chequing and dollar-cost averaging plans, including those series used
in segregated fund contracts (GIF Select InvestmentPlus and GIF Select
Original 75 Series).
Mawer Investment Management Ltd., the sub-advisor to the Capped Funds,
has reached capacity limits for investments into their Global Small Cap
strategy. As a result, these Funds are being capped to new purchases.
The USD purchase option for Manulife Floating Rate Income Fund is being
capped as investors looking to purchase the fund using U.S. dollars are
now able to access this strategy through the new Manulife U.S. Dollar
Floating Rate Income Fund.
"We recognize that Mawer's blue chip small cap strategy invests in a
capacity-constrained environment and that the decision to cap further
contributions is in the best interest of investors" said Derek Saliba,
Assistant Vice President, Manulife Mutual Funds. "Investors will
continue to have access to the Mawer investment approach through
Manulife Mutual Funds in other asset classes including, Manulife U.S.
Equity Fund, Manulife World Investment Fund/Class, Manulife Global
Equity Class, Manulife Canadian Bond Fund, and the new Manulife Global
Balanced Fund".
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 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$567 billion (US$539
billion) as at June 30, 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
