Manulife Investments, a division of Toronto-based Manulife Asset Management Ltd., announced on Friday that it has obtained approval from unitholders to proceed with previously announced changes to its mutual fund lineup resulting from the integration of Standard Life PLC’s Canadian operations, which Manulife Financial Corp. acquired earlier this year.
The overhaul includes a mutual fund corporation amalgamation, fund mergers, fund name changes and changes in the investment objective of certain mutual funds.
The mutual fund name changes, which mainly replace the Standard Life brand with Manulife, will take effect on or about Nov. 9.
The mutual fund corporation amalgamation is expected to take effect on or about Nov. 21, and the changes to funds’ investment objectives will take effect on or about Jan. 4, 2016.
The various fund mergers are scheduled to take effect beginning in March 2016 and continuing through to May.
Manulife Investments also announced on Friday that it will lower the risk ratings of Standard Life Canadian Small Cap and Standard Life Global Bond Fund.
Click here to read a complete the list of changes.