Manulife Mutual Funds today announced plans to cap the two retail series of MIX AIM American Mid-Cap Growth Class, MIX Global Sector Class and Elliott & Page Asian Growth Fund.

All Advisor and F series units will be capped to all new purchases effective April 22.

Manulife Mutual Funds says it decided to cap the three funds to reduce duplication within their mutual fund product offering.

“Manulife believes it is our responsibility to provide access to ‘best in class’ asset managers for the investment funds we provide,” said Rick Annaert, vp of investment products for Manulife Financial. “We are currently evaluating the best possible options for investors and expect to propose additional recommendations in the weeks ahead,” he added.

http://www.newswire.ca/en/releases/archive/April2005/22/c9319.html