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Manulife to re-open certain capped funds-Leah Golob

FinalytixIndustry News Manulife to re-open certain capped funds-Leah Golob

Manulife to re-open certain capped funds-Leah Golob

The popular Manulife Monthly High Income Fund, along with two related funds, will re-open to new investors in January

By Leah Golob | 

The funds, managed by the Manulife value equity team, were proactively capped to new investors on Aug. 28, 2015, due to capacity. The funds are no longer at a size that would hinder their ability to manage assets, the firm says in a news release.

“Advisors and investors have been asking us to bring back these funds ever since they were capped,” says Bernard Letendre, president of Manulife Investments, in a statement. “They remain one of our most popular and successful investment options with approximately $9.4 billion in combined assets under management.”

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