Manulife Investment Management terminates certain mutual funds

Toronto-based Manulife Investment Management plans to terminate a number of funds, the firm said in a release on Tuesday.

The terminations are part of various fund changes to “help streamline our platforms of actively managed investments and further our commitment to offering diverse, strong-performing products,” the firm said in the release.

Effective Oct. 19, 2020, the following mutual funds will be terminated:

• Manulife Canadian Dividend Growth Class
• Manulife Growth Opportunities Class
• Manulife Short Term Yield Class

The investment manager also announced plans to discontinue its Goals-Based Investing Program. The following funds will be discontinued:

• Manulife Diversified Alpha Portfolio
• Manulife Quantitative Fixed Income Fund 2022, 2027, 2032, 2037 and 2042
• Manulife Income Fund 2022, 2027, 2032, 2037, 2042, 2047, 2052, 2057, 2062 and 2067

New purchases of the funds will no longer be available as of market close on Tuesday.

Staff

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