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Manulife Mutual Funds caps “no-load” class of Manulife Cabot Funds Changes designed to eliminate duplication across firm’s product line Toronto - Manulife Mutual Funds, a division of Elliott & Page Limited, will cap its “no-load” class of the Manulife Cabot Funds. “The decision to cap these funds was made as part of our ongoing efforts to refine our current product offerings,” said Eric Grove, Vice President of Investment Funds of Manulife Financial. “Our goal is simple — to improve operational efficiency and reduce duplication within our mutual fund line-up.” Over the last few months, a number of changes have been made to the Elliott & Page Mutual Fund Family, including the launch of its revised purchase options schedule and the launch of a new RSP version of the popular Elliott & Page Total Equity Fund. Manulife Mutual Funds will cap the following three no-load versions of its mutual fund line-up:
Investors will still be able to access these mandates by purchasing the Advisor Class (Class E) or Fee-based (Class F) versions of these popular Funds. The Elliott & Page Canadian Equity Fund, the Elliott & Page Global MultiStyle Fund, and the Elliott & Page Blue Chip Fund are managed by Manulife Mutual Funds, a division of Elliott & Page Limited. Manulife Investments Manulife Investments is the brand name describing certain Canadian subsidiaries and operating divisions of Manulife Financial Corporation that offer personal wealth management products and services in Canada. As one of Canada’s leading integrated financial services providers, Manulife Investments offers a variety of products and services including segregated funds, mutual funds, annuities and guaranteed investment contracts. About Manulife Financial Manulife Financial is a leading Canadian-based financial services group operating in 15 countries and territories worldwide. Through its extensive network of employees, agents and distribution partners, Manulife Financial offers clients a diverse range of financial protection products and wealth management services. Funds under management by Manulife Financial were Cdn$139.2 billion as at September 30, 2002. Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com. - 30 - For media inquiries or to arrange an interview, please contact: Rahim Rajpar Marketing Account Manager Manulife Investments 200 Bloor Street East North Tower 3 Toronto, Ontario M4W 1E5 (416) 852-7570 rahim_rajpar@manulife.com |
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