Manulife Investments today unveiled a new series of principal protected deposit notes. RBC Manulife Investments Global Balanced Plus Deposit Notes are issued and guaranteed by Royal Bank of Canada.

The performance of the notes is tied to the performance of three funds: the Mawer World Investment Fund, the Manulife Strategic Income Fund and the Manulife Canadian Core Fund.

“The RBC Manulife Investments Global Balanced Plus Deposit Notes are ideal for investors who are nervous about market volatility yet require growth potential to reach their financial goals. And with award-winning fund management managing the underlying funds, these notes truly provide investors with a best-in-class investment opportunity,” says Bob Tillmann, vp of marketing and business development, Manulife Investments.

The notes employ a dynamic asset allocation strategy providing notional exposure to the underlying funds when performance is positive and reduced exposure to the funds when performance is negative.

The Yield Notes (Series 7) offer 100% principal amount guaranteed at maturity, and monthly coupon payments equivalent to 5.04% annually,

The Return of Capital Notes (Series 8) offer 100% principal amount guaranteed over the term of the deposit note, and monthly principal repayments equivalent to 5.04% annually.

The Total Return Notes (Series 9) offer 100% principal amount guaranteed at maturity.

Series 7, 8 and 9 of the Global Balanced Plus Deposit Notes are available for purchase until June 13.