Manulife Investments recently added a segregated fund product option to its Manulife Private Investment Pools (MPIP) program.
That program is designed for wealthy investors who have $500,000 or more in investable assets. It includes 14 segregated pools, and employs the expertise of institutional-style portfolio managers.
Key features of the new segregated fund product include:
- a $150,000 minimum deposit per pool, per contract;
- a MER to the investor’s contract when their combined household MPIP Segregated Pools assets exceed $500,000;
- a guarantee at maturity of the greater of 75% of the deposits or market value*; and
- a guarantee upon the death of the last surviving annuitant of the greater of 75% of the deposits or market value*.
*Reduced proportionally for withdrawals.