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Manulife Financial Corp
Symbol MFC
Shares Issued 1,957,390,032
Close 2019-09-16 C$ 24.15
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Manulife to lower Manulife Fundamental management fees

2019-09-16 11:54 ET - News Release

Mr. Patrick Blais reports

MANULIFE INVESTMENT MANAGEMENT TO IMPLEMENT CHANGES TO ITS MUTUAL FUND PLATFORM

Manulife Financial Corp.'s Manulife Investment Management will make the following changes, effective on or about Oct. 21, 2019:

  • Changes to Manulife Fundamental Equity Class;
  • Introduction of a two-year deferred sales charge option.

Changes to Manulife Fundamental Equity Class:

  • Investment strategy change;
  • Lowering management fees;
  • Change of fund name.

Effective on or about Oct. 21, 2019, Manulife Fundamental Equity Class will undergo an investment strategy change, increasing the minimum Canadian content in the fund from 51 per cent to 90 per cent. The change in strategy aims to provide investors exposure to a portfolio of predominately high-quality, large-cap Canadian equities. The change in strategy will closer align it in portfolio composition to Manulife Canadian Equity Private Pool, also managed by Patrick Blais, head of the Manulife Fundamental Equity team.

Fund name                              Series   Existing management fee   New management fee 

Manulife Fundamental 
Equity Class                   Advisor Series                     1.81%                1.68%               
                                     Series T                     1.78%                1.68%              
                       Series F and Series FT                     0.77%                0.68%           

Current fund name                                        New fund name    
             
Manulife Fundamental Equity Class       Manulife Canadian Equity Class

The reduction in management fees will have a corresponding impact on the management expense ratio of the fund over time.

Introduction of a two-year deferred sales charge option

Effective on or about Oct. 21, 2019, Manulife Investment Management will introduce a new sales charge option called Low-Load 2, available on most of its mutual funds. This development is a result of the evolving needs of advisers/planners to have access to a shorter version of the traditional low load, which has a three-year redemption schedule.

About Manulife Financial Corp.

Manulife Financial 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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