Toronto-based Manulife Mutual Funds launched four new funds on Friday.

The Manulife Global Balanced Fund follows a bottom-up investment approach for equities combined with global and Canadian fixed income exposure. Fixed income will make up 30% of the fund. Greg Peterson, director and senior portfolio manger, Jim Hall, chief investment officer, Paul Moroz, deputy chief investment officer, Mawer Investment Management Ltd. will manage the fund.

The Manulife U.S. Dollar Floating Rate Income Fund is a U.S. version of the Manulife Floating Rate Income Fund and will generate income through investment in short duration, senior bank loans that periodically adjust their income as interest rates rise. Dennis McCafferty, managing director and portfolio manager with Manulife Asset Management (U.S.) LLC will manage the fund.

The Manulife Canadian Conservative Balanced Fund will generate income and capital appreciation through a diversified portfolio of Canadian fixed income and equity securities. Terry Carr, senior managing director and head of Canadian fixed income with Manulife Asset Management, will be the lead portfolio manager of the fixed income portion of the fund. Jonathan Popper, managing director and portfolio manager, Alan Wicks, senior managing director and senior portfolio manager and Conrad Dabiet, managing director and portfolio manager with Manulife, will look after the equity side of the new fund.

The Manulife Preferred Income Class fund will invest primarily in preferred shares, royalty and income trusts and fixed income securities of Canadian companies, within the tax deferred corporate class structure. Randy Le Clair, managing director and senior fixed income strategist with Manulife, will manage the fund.

All four funds will be available in Advisor Series, Series F securities, Series FT securities, Series I securities, Series IT securities and Series T securities.

As well, the fund company also announced that it’s Manulife World Investment Fund will now offer Advisor Series, Series F, Series FT, Series IT and Series T securities.