Manulife Investments, a division of Toronto-based Manulife Asset Management Ltd., announced on Friday that some changes are taking place to the portfolio-management responsibilities in its Canadian Fundamental Equity Team and U.S. Core Value Equity Team as a result of the impending departure of two senior portfolio managers.

Susan Da Sie, senior managing director and senior portfolio manager, will take over Marie-Eve Savard’s portfolio-management responsibilities in the firm’s Canadian Fundamental Equity team as Savard will be leaving the firm at the end of February.

This means Da Sie will assume portfolio management responsibilities for the following funds:

  • Manulife Canadian Monthly Income Fund (formerly known as Standard Life Monthly Income Fund)
  • Manulife Canadian Monthly Income Class (formerly known as Standard Life Monthly Income Class)
  • Manulife Conservative Income Fund (formerly known as Standard Life Diversified Income Fund)
  • Manulife Canadian Dividend Income Fund (formerly known as Standard Life Dividend Income Fund)
  • Manulife Canadian Dividend Income Class (formerly known as Standard Life Dividend Income Class)
  • Manulife Canadian Dividend Growth Fund (formerly known as Standard Life Canadian Dividend Growth Fund)
  • Manulife Canadian Dividend Growth Class (formerly known as Standard Life Canadian Dividend Growth Class)
  • Manulife Tactical Income Fund (formerly known as Standard Life Tactical Income Fund)
  • Manulife Canadian Growth & Income Private Trust

Da Sie will be working with Steven Belisle, senior portfolio manager of equities, who currently co-manages these funds. Da Sie has 31 years of investment experience.

Jean-Pierre D’Agnillo, managing director of Canadian fixed-income, and Terry Carr, head of Canadian-fixed income, will continue to manage the fixed-income portion of Manulife Canadian Monthly Income Fund, Manulife Canadian Monthly Income Class, Manulife Conservative Income Fund and Manulife Tactical Income Fund.

Manulife Investments also announced that Walter McCormick, senior managing director and senior portfolio manager with Boston-based Manulife Asset Management (U.S.) LLC, will retire on March 31. McCormick is co-head manager of the U.S. Core Value Equity team with Sandy Sanders, senior managing director and senior portfolio manager, who will continue as lead manager for that team.

That team manages the following funds:

  • Manulife Balanced Equity Private Pool
  • Manulife Strategic Balanced Yield Fund
  • Manulife U.S. All Cap Equity Fund
  • Manulife U.S. All Cap Equity Class
  • Manulife U.S. Balanced Private Trust
  • Manulife U.S. Dollar U.S. All Cap Equity Fund
  • Manulife U.S. Dollar Strategic Balanced Yield Fund
  • Manulife U.S. Equity Private Pool
  • Manulife U.S. Large Cap Equity Class
  • Manulife U.S. Large Cap Equity Fund