Manulife Investments will be changing some of its mutual funds this fall.
The changes to certain funds include modifying investment strategies, changing names, closing a fund to new purchases and reopening an existing capped fund to new purchases, Manulife said in a release.
The Manulife Global Equity Unconstrained Fund will change its name to Manulife Global Franchise Fund, and Manulife Global Equity Unconstrained Class will change its name to Manulife Global Franchise Class on Sept. 25.
In a strategic change, the Manulife Strategic Dividend Bundle will incorporate the Manulife Dividend Income Plus Fund and the Manulife Global Unconstrained Bond Fund into the portfolio on Oct. 4. The fund will still have an allocation of 60% equities and 40% fixed income with the following target underlying allocations:
- 40% Manulife Dividend Income Fund
- 20% Manulife Dividend Income Plus Fund
- 30% Manulife Strategic Income Fund
- 10% Manulife Global Unconstrained Bond Fund
Pictet Asset Management Limited will take over the sub-advisory responsibilities for the Manulife International Value Equity Fund and the Manulife International Focused Fund on Oct. 31. The following changes will also occur:
- Investment strategies for both funds will be aligned to reflect the investment approach used by Pictet;
- Manulife International Focused Fund will be re-opened to new investors;
- Manulife International Focused Fund will change its name to Manulife EAFE Equity Fund; and
- Manulife International Value Equity Fund will be capped to all new purchases.