Manulife Investment Management announces changes to risk ratings and other changes on select funds

C$ unless otherwise stated
TSX/NYSE/PSE: MFC     SEHK: 945

TORONTO, July 25, 2019 /CNW/ - Manulife Investment Management today announced that it will make the following changes effective on or about August 1, 2019:

• Change the risk ratings on select funds
• Names changes on select funds
• Cash distributions to be available in Tax-Free Savings Accounts ("TFSA")

Changing risk ratings on select funds 

The risk ratings for the funds listed below will be changed to the following: 

Risk rating increase:

	Current Rating	New Rating
Manulife Diversified Alpha Portfolio	Low to Medium	Medium

Risk rating decrease:

	Current Rating	New Rating
Manulife Covered Call U.S. Equity Fund	Medium to High	Medium
Manulife Covered Call U.S. Equity Class	Medium to High	Medium
Manulife Global Real Estate Unconstrained Bond Fund	Medium to High	Medium
Manulife Income Fund 2032	Low to Medium	Low

Name Changes on Select Funds

The names for the funds listed below will be changed as follows: 

Fund name changes:

Current Fund Name	New Fund Name
Manulife Global Infrastructure Fund	Manulife Global Listed Infrastructure Fund
Manulife Global Infrastructure Class	Manulife Global Listed Infrastructure Class

Cash distributions are available in TFSAs

Manulife Investment Management will allow for cash distributions in TFSA Accounts.

About Manulife Investment Management

Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than 150 years of financial stewardship to partner with clients across our institutional, retail, and retirement businesses globally. Our specialist approach to money management includes the highly differentiated strategies of our fixed-income, specialized equity, multi-asset solutions, and private markets teams—along with access to specialized, unaffiliated asset managers from around the world through our multimanager model. Our personalized, data-driven approach to retirement is focused on delivering financial wellness in retirement plans of all sizes to help plan participants and members retire with dignity.

Headquartered in Toronto, we operate as Manulife Investment Management throughout the world, with the exception of the United States, where the retail and retirement businesses operate as John Hancock Investment Management and John Hancock, respectively; and in Asia and Canada, where the retirement business operates as Manulife. Manulife Investment Management had $837 billion in assets under management and administration as of March 31, 2019¹.  Not all offerings available in all jurisdictions. For additional information, please visit our website at manulifeinvestmentmgt.com.

1. Source: MFC financials. Global Wealth and Asset Management AUMA at March 31, 2019 was $837 billion and includes $189 billion of assets
managed on behalf of other segments and $134 billion of assets under administration.

About Manulife

Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. We operate primarily as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2018, we had more than 34,000 employees, over 82,000 agents, and thousands of distribution partners, serving almost 28 million customers. As of March 31, 2019, we had over $1.1 trillion (US$849 billion) in assets under management and administration, and in the previous 12 months we made $29.4 billion in payments to our customers. Our principal operations in Asia, Canada and the United States are where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.

SOURCE Manulife Financial Corporation

Media Contact: Anne-Julie Gratton, Manulife, 438-401-7346, [email protected]; Investor Relations, Adrienne O'Neill, Manulife, 416-926-6997, [email protected]

Related Links

http://www.manulife.com