The Globe and Mail reports in its Wednesday edition that Manulife Investments is expanding its line of products by providing a new income mutual fund that will blend Canadian stocks with large United States bond exposure across multiple sectors. The Globe's Ahmad Hathout writes that the bundled product provides access to two other funds: a 60-per-cent exposure to Manulife Dividend Income Fund and 40-per-cent exposure to Manulife Strategic Income Fund. Manulife Investments assistant vice-president Derek Saliba said the fund is "strategically designed" to give exposure to two of Manulife Investments' most prominent portfolio management groups. The dividend bundle will consist of 41 per cent Canadian equities, 35 per cent U.S. equities and bonds, 7 per cent developed non-North American bonds, 4 per cent each for emerging-markets bonds and convertible bonds and 8 per cent in cash. The target management expense ratio is 2.3 per cent for the adviser series. As of May 31, top holdings include Loblaw, Brookfield Property Partners and Fortis. HighView Financial's Dan Hallett says, "Many investors and advisers find appeal in being able to make one (fund) purchase rather than two or more."