Manulife Mutual Funds announced Thursday that it is capping of the Advisor and F Classes of the Elliott & Page Balanced Fund.

Manulife Mutual Funds will cap these classes of the Elliott & Page Balanced Fund on August 28, 2003, to all new purchases including pre-authorized chequing.

“We are currently evaluating the best possible options for our investors and in the coming months, expect to propose additional recommendations for the fund,” stated Eric Grove, vice president, investment funds, Manulife Financial.