Toronto-based Manulife Investments, a division of Manulife Asset Management Ltd. (MAM), announced on Monday the launch of a new mutual fund and an addition to its private investment pool lineup for investors seeking a balanced approach in their portfolios.
The new mutual fund, Manulife Strategic Dividend Bundle, is a single investment product for investors looking for exposure to tax-efficient Canadian dividends and a range of fixed-income assets through a flexible global portfolio, according to the firm’s announcement. The bundle, or “fund of funds,” normally provides investors with 60% exposure to Manulife Dividend Income Fund and 40% exposure to Manulife Strategic Income Fund.
“Strategically designed to give exposure to two of Manulife Investments’ most prominent portfolio management teams in one fund, the bundle solution gives investors, who are looking for a balanced approach, an excellent solution,” says Derek Saliba, assistant vice president, Manulife Investments, in a statement.
The second new product, Manulife Canadian Growth and Income Private Trust, is an investment pool that seeks to provide mass affluent investors with a flexible Canadian balanced product, the announcement states.
Marie-Eve Savard and Steve Belisle, portfolio managers with MAM, are managing the equity component of the investment pool while the fixed-income team, which now includes Jean-Pierre D’Agnillo, managing director of Canadian fixed-income, will manage the fixed-income component.