Manulife Launches Two New Mandates within the Manulife Private Investment Pools
Adds Manulife Balanced Income Private Trust and Manulife Balanced Private Trust to popular investment program for affluent investors
TORONTO, June 10, 2013 /CNW/ - Manulife Investments announced today that it has added two new options to its lineup of Manulife Private Investment Pools: Manulife Balanced Income Private Trust and Manulife Balanced Private Trust.
While Manulife Private Investment Pools were first offered for sale to investors in December 2012, the corporate class versions of these pools were capped as a result of the recent Federal Budget announcement. The launch of the two trust versions rounds out the suite of balanced pools, ensuring a comprehensive range of pools from which investors may choose.
"Manulife is pleased to provide advisors with these investment options for their affluent clients," said Derek Saliba, Head of Mutual Funds Product. "This program enables advisors to develop an investment strategy that reflects their clients' goals for income, growth and capital preservation, while providing tax efficiency, household account-linking, and competitive fees."
The two new pools, managed by Manulife Asset Management and offered in a trust structure are:
- Manulife Balanced Income Private Trust, which invests in a mix of income-oriented equity and fixed income investment funds. Managed by Manulife Asset Management (U.S.), LLC's Portfolio Solutions Group (Steve Medina, Bob Boyda, and Scott McIntosh), this is a diversified, income-tilted balanced solution with a target asset allocation of 70 percent fixed income and 30 percent equities
- Manulife Balanced Private Trust, which offers investors balanced exposure to dividend-paying equities and global fixed income securities. This strategy targets a neutral mix of 50 percent equities and 50 percent fixed income under normal market conditions, and is managed by Sandy Sanders, Walter McCormick, Dan Janis III, Tom Goggins, and Dennis McCafferty of Manulife Asset Management (U.S.), LLC
The minimum investment for the Manulife Private Investment Pools is $150,000 per pool, per account.
Additional information may be found at manulifeprivateinvestmentpools.ca.
About Manulife Asset Management
Manulife Asset Management is the global asset management arm of Manulife Financial. Manulife Asset Management provides comprehensive asset management solutions for institutional investors and investment funds in key markets around the world. Manulife Asset Management also provides investment management services to affiliates' retail clients through product offerings of Manulife and John Hancock. This investment expertise extends across a broad range of asset classes including equity, fixed income and alternative investments such as real estate, timber, farmland, as well as asset allocation strategies.
Manulife Asset Management has offices with full investment capabilities in the United States, Canada, the United Kingdom, Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the Philippines. In addition, it has a joint venture asset management business in China, Manulife TEDA. It also has operations in Australia, New Zealand, Brazil and Uruguay. John Hancock Asset Management, Hancock Natural Resource Group and Declaration Management and Research are units of Manulife Asset Management.
About Manulife Investments
Manulife Investments is the brand name describing certain Canadian subsidiaries and operating divisions of Manulife Financial Corporation that offer personal wealth management products and services in Canada. As one of Canada's leading integrated financial services providers, Manulife Investments offers a variety of products and services including segregated fund contracts, mutual funds, annuities, guaranteed interest contracts and structured products.
About Manulife Financial
Manulife Financial is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Clients look to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Our international network of employees, agents and distribution partners offers financial protection and wealth management products and services to millions of clients. We also provide asset management services to institutional customers. Funds under management by Manulife Financial and its subsidiaries were C$555 billion (US$547 billion) as at March 31, 2013. The Company operates as Manulife Financial in Canada and Asia and primarily as John Hancock in the United States.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at manulife.com.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Manulife Funds (including the Trust Pools) and Manulife Corporate Classes (including the Class Pools) are managed by Manulife Mutual Funds.
SOURCE: Manulife Mutual Funds
Brian Carmichael, Manulife Financial, 617-663-4748, [email protected]
http://manulife.com
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