Manulife Mutual Funds announced today that Manulife Asset Management Ltd., the portfolio advisor of Manulife Canadian Bond Plus Fund, will assume the overall portfolio management responsibilities of the fund on April 1, 2014.
Terry Carr, senior managing director and head of Canadian fixed income for Manulife Asset Management Ltd., will become the lead portfolio manager of the fund. “Terry’s 25 years of investment experience across a variety of fixed income asset classes and excellent track record, make him an ideal choice for this role,” said Derek Saliba, assistant vice president, Manulife Mutual Funds.
AllianceBernstein Canada Inc. has been the portfolio sub-advisor to the fund since 2007.
In addition, Manulife announced that Manulife Emerging Markets Equity Fund, Manulife Emerging Markets Equity Class, Manulife Emerging Markets Balanced Fund and Manulife Global Natural Resources Fund each will change its investment strategies on December 20 to include the use of quantitative models in ranking securities within its investible universe.