Manulife Mutual Funds Monday announced a couple of amendments to the Aug. 19, 2011 prospectus that will result in changes to Manulife Diversified Income Portfolio and Manulife Canadian Large Cap Value Class.
Effective March 30, Manulife will enhance the flexibility of the Manulife Diversified Income Portfolio by expanding the list of mutual funds in which the portfolio manager may invest, removing the minimum weight for equity securities and increasing the allowable weight for fixed income securities to 100%.
The addition of four funds — Manulife Asia Total Return Bond Fund, Manulife Emerging Markets Debt Fund, Manulife High Yield Bond Fund and Manulife Long Term Bond Fund — along with changes to the target weightings of the asset classes will allow the portfolio manager to make the most flexible asset allocation decisions and better meet the investment objectives of the fund.
Also effective March 30, Manulife Asset Management Ltd. will assume direct portfolio management responsibility for Manulife Canadian Large Cap Value Class. Monika Skiba has been named the lead portfolio manager.