Manulife Investments, a division of Toronto-based Manulife Asset Management Ltd. (MAM), announced the appointment of a new subadvisor and co-lead managers for Manulife High Yield Bond Fund as well as changes to the high-yield fixed-income components of Manulife U.S. Monthly High Income Fund, Manulife Unhedged U.S. Monthly High Income Fund (formerly Standard Life U.S. Monthly Income Fund) and Manulife U.S. Balanced Value Private Trust.
MAM’s U.S. division, Manulife Asset Management (U.S.) LLC (MAM US), assumed subadvisory duties for Manulife High Yield Bond Fund on May 10 while Dennis F. McCafferty and John F. Addeo, managing directors and portfolio managers with MAM US, took over as co-lead managers for the fund.
In addition, Howard C. Greene, senior managing director and senior portfolio manager with MAM US, and already a portfolio manager of Manulife U.S. Monthly High Income Fund, Manulife Unhedged U.S. Monthly High Income Fund and Manulife U.S. Balanced Value Private Trust, is now assuming responsibility for these funds’ high-yield fixed-income components.
For more information, visit manulifemutualfunds.ca
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