The move is expected to be welcomed by advisors, investors
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One of Manulife’s most popular investment strategies is re-opening more than two years after it was capped.
The Manulife Monthly High Income Fund, along with the related Manulife Monthly High Income Class and Manulife Canadian Balanced Private Pool will be open to new investors from January 2, 2018 or thereabouts.
The fund was capped in August 2015 after reaching capacity but its managers now believe it is at a size that can be managed in line with their disciplined investment approach.
"Advisors and investors have been asking us to bring back these Funds ever since they were capped," said Bernard Letendre, President, Manulife Investments. "They remain one of our most popular and successful investment options with approximately $9.4B in combined assets under management."
The 20-year-old fund is managed by the Manulife Value Equity Team and lead portfolio manager Alan Wicks.
The Funds will be available in all prospectus qualified series, except Advisor Series of Manulife Monthly High Income Fund. The Funds will also be re-opened in Manulife GIF Select InvestmentPlus® and Manulife Private Investment Pools – MPIP Segregated Pools contracts.
Wealth Professional Canada reported Tuesday that Manulife is also launching two new multifactor ETFs on the TSX, subadvised by Dimensional Fund Advisors.
The Manulife Monthly High Income Fund, along with the related Manulife Monthly High Income Class and Manulife Canadian Balanced Private Pool will be open to new investors from January 2, 2018 or thereabouts.
The fund was capped in August 2015 after reaching capacity but its managers now believe it is at a size that can be managed in line with their disciplined investment approach.
"Advisors and investors have been asking us to bring back these Funds ever since they were capped," said Bernard Letendre, President, Manulife Investments. "They remain one of our most popular and successful investment options with approximately $9.4B in combined assets under management."
The 20-year-old fund is managed by the Manulife Value Equity Team and lead portfolio manager Alan Wicks.
The Funds will be available in all prospectus qualified series, except Advisor Series of Manulife Monthly High Income Fund. The Funds will also be re-opened in Manulife GIF Select InvestmentPlus® and Manulife Private Investment Pools – MPIP Segregated Pools contracts.
Wealth Professional Canada reported Tuesday that Manulife is also launching two new multifactor ETFs on the TSX, subadvised by Dimensional Fund Advisors.
