Manulife Mutual Funds has announced plans to terminate all classes of the Elliott & Page Active Bond Fund and the Elliott & Page Global MultiStyle Fund effective March 31, 2005.

Manulife says the decision was made to close funds due to their small volume of retail assets. As of Aug. 31, 2004, the Elliott & Page Active Bond Fund held under $10 million in assets under management and the Elliott & Page Global MultiStyle Fund held under $5 million in assets under management.

“Through regular review of our fund line-up, we are able to ensure that Manulife Mutual Funds provides a strong and efficient product offering that continues to serve our investors’ best interests. With these goals in mind, Manulife Mutual Funds decided to eliminate duplication and improve cost efficiencies by terminating the Elliott & Page Active Bond Fund and Elliott & Page Global MultiStyle Fund,” said Rick Annaert, vp of investment products for Manulife Financial, in a release.

Manulife Mutual Funds is a division of Elliott & Page Ltd.