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
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.”