Manulife Mutual Funds is seeking to make four trust fund mergers and two corporate class mergers to boost its funds offering. The merger of certain terminating funds with continuing funds will reduce investors’ cost for fund administration by spreading operating costs and expenses.
Tax-deferred trust fund mergers will include combining the terminating Manulife Diversified Canada Fund with the continuing Manulife Canadian Focused Fund. Similarly, tax-deferred corporate class mergers will include unification of the Manulife Diversified Canada Class with the Manulife Canadian Focused Class.
Click here for the release from Canada Newswire.