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Manulife Investments announces mutual fund platform changes

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Manulife Investments, a division of Manulife Asset Management Limited (MAML), has announced a number of proposed changes to its mutual fund lineup.

The changes follow the acquisition of the Canadian-based operations of Standard Life plc completed earlier this year and are part of the continuing integration of the Standard Life Mutual Funds into the Manulife fund family. 
 
Subject to applicable regulatory and securityholder approval, Manulife Investments proposes to:
 
• amalgamate the existing Standard Life and Manulife mutual fund corporations
• change the investment objectives of certain funds
• change the sub-advisors and portfolio managers of certain funds
• cap certain funds to new purchases
• implement a series of fund mergers
 
"These changes are the result of a careful analysis of the combined Standard Life and Manulife mutual fund platforms to create a "best of the best" mutual fund lineup," says Derek Saliba (pictured), Assistant Vice President, Mutual Fund Product. "These changes would achieve our objective of streamlining our mutual fund lineup, which is managed by seasoned portfolio management teams, while minimising the impact to our investors. The majority of the proposed mergers will also be completed on a tax-deferred basis where the management fees investors pay will remain the same and in many cases will decrease."
h replaces Christian McCarrick who joined the company in 2014.

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