Toronto-based Manulife Investments, a division of Manulife Asset Management Ltd., is re-opening Manulife Monthly High Income Fund, along with the related Manulife Monthly High Income Class and Manulife Canadian Balanced Private Pool, to new investors on or about Jan. 2, 2018.
The funds, managed by the Manulife value equity team, were proactively capped to new investors on Aug. 28, 2015, due to capacity. The funds are no longer at a size that would hinder their ability to manage assets, the firm says in a news release.
“Advisors and investors have been asking us to bring back these funds ever since they were capped,” says Bernard Letendre, president of Manulife Investments, in a statement. “They remain one of our most popular and successful investment options with approximately $9.4 billion in combined assets under management.”
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