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Manulife to change risk ratings, names of select funds

2019-07-25 11:43 ET - News Release

An anonymous director reports

MANULIFE INVESTMENT MANAGEMENT ANNOUNCES CHANGES TO RISK RATINGS AND OTHER CHANGES ON SELECT FUNDS

Manulife Financial Corp.'s Manulife Investment Management will make the following changes, effective on or about Aug. 1, 2019:

  • Change the risk ratings on select funds;
  • Name changes on select funds;
  • Cash distributions to be available in tax-free savings accounts.

Changing risk ratings on select funds

The risk ratings for the funds listed in the attached tables will be changed.

                       RISK RATING INCREASE
  
                                        Current rating     New rating

Manulife Diversified Alpha Portfolio     Low to medium         Medium    

                             RISK RATING DECREASE
  
                                                       Current rating     New rating 

Manulife Covered Call U.S. Equity Fund                 Medium to high         Medium     
Manulife Covered Call U.S. Equity Class                Medium to high         Medium     
Manulife Global Real Estate Unconstrained Bond Fund    Medium to high         Medium     
Manulife Income Fund 2032                               Low to medium            Low        

Name changes on select funds

The names for the funds listed in the attached table will be changed.

                                FUND NAME CHANGES
  
Current fund name                                                     New fund name      
                        
Manulife Global Infrastructure Fund      Manulife Global Listed Infrastructure Fund 
Manulife Global Infrastructure Class    Manulife Global Listed Infrastructure Class

Cash distributions available in TFSAs

Manulife Investment Management will allow for cash distributions in TFSA accounts.

About Manulife Financial Corp.

Manulife is a leading international financial services group that helps people make their decisions easier and lives better. The company operates primarily as John Hancock in the United States and Manulife elsewhere.

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