Mr. Bernard Letendre reports
MANULIFE INVESTMENT MANAGEMENT REDUCES MANAGEMENT FEES ON THREE MUTUAL FUNDS
Manulife Financial Corp.'s Manulife Investment Management will make management fee changes, effective on or about March 2, 2020.
It is expected that the reduction in management fees should have a corresponding impact on the management expense ratio of the funds over time.
"We are always looking to deliver value to our customers and advisers," commented Bernard Letendre, head of wealth and asset management, Canada. "Our team regularly reviews our fund lineup with this in mind, and I'm pleased to announce that in our most recent review, we identified an opportunity to improve the pricing attractiveness of three of our most popular mutual fund products -- Manulife Monthly High Income Fund, Manulife Monthly High Income Class and Manulife Yield Opportunities Fund."
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