closed-sign

Manulife Mutual Funds will be closing some of its funds, including Series IT.

Manulife Mutual Funds will be ending three funds due to limited demand from investors effective on or about December 5, 2014. As of the close of business on or about July 30, 2014, each terminating fund will cease distribution of new securities.

Securityholders will have the right to redeem the securities of each terminating fund up to the close of business on the effective date of the fund termination.

Read: Manulife adds 5 funds

Fund Terminations

Manulife Emerging Markets Equity Fund

Manulife Global Natural Resources Fund

Manulife Investment Savings Fund

Read: Senior exec at Manulife to leave

And, effective on or about July 30, 2014, Manulife will close Series IT to all new purchases as a result of limited demand from investors. Current securityholders can continue to hold their units in Series IT.

Securityholders will have the right to redeem the securities of each terminating fund up to the close of business on the effective date of the fund termination.

Read: Manulife simplifies UL, changes advisor comp

Fund investors will be notified of the details of each change in writing.

Originally published on Advisor.ca

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