Manulife Mutual Funds, has received approval from its Independent Review Committee to merge Manulife Global Value Class into Manulife Global Opportunities Class, Manulife said Thursday.

“We are making this change to eliminate overlap in competing mandates and help realize economies of scale in the process. The continuing fund, Manulife Global Opportunities Class, managed by MFC Global Investment Management (U.S.) LLC, has displayed proven performance since inception in 2007,” said Jeff Ray, assistant vice president, mutual fund products.

Although no regulatory approvals are necessary to complete the merger, the approval of securityholders of Manulife Global Opportunities Class will be required.

A special meeting will tbe held on December 9 to approve the merger involving these funds.

Subject to receipt of all necessary approvals, the merger is expected to be completed on December 11.

IE