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Manulife Investments Re-opens Flagship Manulife Monthly High Income Fund

One of Manulife's most popular investment strategies being re-opened

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TORONTO, Nov. 28, 2017 /CNW/ - Manulife Investments today announced it will re-open one of its most popular investment strategies - 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 January 2, 2018 (the "Funds"). The Funds, managed by the Manulife Value Equity Team, were proactively capped to new investors on August 28, 2015 due to capacity. The portfolio managers consider the Funds are no longer at a size that would impact their ability to manage assets in line with their disciplined investment approach.

"Advisors and investors have been asking us to bring back these Funds ever since they were capped," said Bernard Letendre, President, Manulife Investments. "They remain one of our most popular and successful investment options with approximately $9.4B in combined assets under management1."

Manulife Monthly High Income Fund, which celebrated its 20-year anniversary on September 30, 2017 is managed by the Manulife Value Equity Team and lead portfolio manager Alan Wicks. Established in 1996, the Manulife Value Equity Team, as at October 31, 2017, manages over $18B in assets across multiple mandates, and consists of 10 members including Duncan Anderson, Jonathan Popper and Conrad Dabiet.

The Funds will be available in all prospectus qualified series, except Advisor Series of Manulife Monthly High Income Fund. The Funds will also be re-opened in Manulife GIF Select InvestmentPlus® and Manulife Private Investment Pools – MPIP Segregated Pools contracts.

1 Source: Manulife Asset Management as at October 31, 2017

 Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund facts as well as 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 Investments, a division of Manulife Asset Management Limited. Manulife, Manulife Investments, the Block Design, the Four Cube Design, Strong Reliable Trustworthy Forward-thinking and InvestmentPlus are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.

About Manulife Investments

 Manulife Investments, a division of Manulife Asset Management Limited, builds on 125 years of Manulife's wealth and investment management expertise in managing assets for Canadian investors. As one of Canada's leading integrated financial services providers, Manulife Investments and its affiliates offer a variety of products and services including exchange traded funds, segregated fund contracts, mutual funds, annuities and guaranteed interest contracts.

About Manulife

Manulife Financial Corporation is a leading international financial services group that helps people achieve their dreams and aspirations by putting customers' needs first and providing the right advice and solutions. We operate primarily as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2016, we had approximately 35,000 employees, 70,000 agents, and thousands of distribution partners, serving more than 22 million customers. As of September 30, 2017, we had over $1 trillion (US$806 billion) in assets under management and administration, and in the previous 12 months we made $27.1 billion in payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.