Manulife Mutual Funds announced today that Foyston, Gordon & Payne Inc. will assume sub advisor responsibilities for Manulife Small Cap Value Fund used in the Manulife Simplicity Portfolios, effective August 26.

“We are pleased to add Foyston, Gordon & Payne to the list of highly regarded institutional managers that subadvise Manulife Mutual Funds for use in our asset allocation product,” says Jeff Ray, assistant vp, mutual fund products.

Foyston, Gordon & Payne employs a bottom-up value discipline based on internal fundamental research and valuation analysis. The firm’s primary focus is to select attractively priced companies with strong fundamentals, solid business prospects, financial strength, and quality management. Foyston, Gordon & Payne replaces Howson Tattersall Investment Counsel Limited as subadvisor on the fund.

“This change will provide Simplicity investors with access to this well respected institutional investment manager,” adds Ray.

Toronto-based Foyston, Gordon & Payne manages $13.4 billion (as at June 30) in investment portfolios for corporate clients, pension funds, foundations, endowments, group RRSP’s, and individuals.