Manulife Mutual Funds announced plans to cap all retail series of Manulife Global Tactical Fund, Manulife Global Real Estate Fund, Manulife Real Return Strategy Fund and Manulife International Large Cap Fund. All funds will be capped to new purchases, including systematic transfers, effective June 19. The funds will be terminated on or about Dec. 11.

The decision to cap and terminate these funds was due to the high costs associated with managing smaller funds. This will allow Manulife Mutual Funds, a division of Elliott & Page Ltd., to concentrate resources in other mandates to better serve the interests of investors, the company said.

“As one of Canada’s leading financial services firms, Manulife provides access to top-quality investment funds,” said Bob Tillmann, vice president of marketing and business development at Elliott & Page. “Through regular review of our fund lineup, we are able to ensure that Manulife Mutual Funds offers a strong and efficient product offering that meets the demands of investors and their advisors. With these goals in mind, Manulife Mutual Funds has decided to cap and terminate these four funds to improve overall cost efficiencies.”