Manulife Mutual Funds announced today that it has received unitholders’ and regulatory approval to change the investment objectives of the E&P Manulife Balanced Asset Allocation Portfolio and E&P Manulife Maximum Growth Asset Allocation Portfolio.

At special meeting held on Friday, unitholders voted in favour of amending the investment objectives of both funds to allow investing of all the portfolio’s assets in other mutual funds.

The company says this change provides greater transparency, increased diversification, enhanced liquidity and more flexible portfolio management.

The changes will be completed on or about December 24.