C$ unless otherwise stated
TORONTO, Jan. 9, 2017 /CNW/ - Manulife Investments today announced its plans to replace certain operating expenses of the Manulife U.S. All Cap Equity Class (Advisor Series and Series T6) and Manulife Global Balanced Private Trust (Advisor Series, Series L, Series LT6, Series T6) with fixed administration fees.
The change to a fixed administration fee model will include management fee reductions. The expected management expense ratio (MER) for each series will be lower or equal to its most recently published MER. The fixed administration fee was implemented for other series of these funds, as well as other Manulife mutual funds (excluding Manulife Dollar-Cost Averaging Fund) on January 1, 2017.
The benefits of the fixed administration fee model include:
- The MER will be equal to or less than its most recently reported MER,
- Increased certainty and transparency of fund MERs,
- Protection against an increase in MERs,
- Manulife Investments will assume the risk of future increases in operating expenses.
The funds and series mentioned above require securityholder approval to implement this change. Securityholders of record on January 16, 2017 in these funds and series will receive meeting materials for the meetings to be held on February 16, 2017.
For more information, please visit manulifemutualfunds.ca or contact Manulife Investments at the following telephone numbers:
English: 1-888-588-7999
French: 1-877-426-9991
About Manulife Investments
Manulife Investments, a division of Manulife Asset Management Limited, builds on 125 years of Manulife's wealth and investment management expertise in managing assets for Canadian investors. As one of Canada's leading integrated financial services providers, Manulife Investments and its affiliates offer a variety of products and services including segregated fund contracts, mutual funds, annuities and guaranteed interest contracts.
About Manulife
Manulife Financial Corporation is a leading international financial services group that helps people achieve their dreams and aspirations by putting customers' needs first and providing the right advice and solutions. We operate 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 2015, we had approximately 34,000 employees, 63,000 agents, and thousands of distribution partners, serving 20 million customers. At the end of September 2016, we had $966 billion (US$736 billion) in assets under management and administration, and in the previous 12 months we made more than $24.4 billion in benefits, interest and other payments to our customers. Our principal operations are in Asia, Canada and the United States 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. Follow Manulife on Twitter @ManulifeNews or visit www.manulife.com or www.johnhancock.com.
SOURCE Manulife Financial Corporation
Media contact: Bev MacLean, Manulife, 416-852-8501, [email protected], @ManulifeNews
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