Toronto-based Manulife Investments, a division of Manulife Asset Management Ltd. and the investment fund manager and portfolio advisor of Manulife U.S. Diversified Growth Fund, announced on Monday that Manulife Asset Management (U.S.) LLC has been appointed as subadvisor to the fund.

W. Shannon Reid, senior managing director and senior portfolio manager with Manulife Asset Management (U.S.), will manage the fund.

“Shannon’s 34 years of investment experience and excellent track record managing U.S. equity portfolios, make him an ideal choice for this fund,” says Derek Saliba, assistant vice president, Manulife Investments.

The change in subadvisor will occur on or about July 15. The fund’s investment objective will remain the same.