TORONTO, July 18 2007 – Manulife Mutual Funds, a division of Elliott & Page Limited, has launched an Elite Pricing Series available to clients with more than $100,000 to invest in a single fund, in a single account.
“With this new pricing structure advisors can reduce management expense ratios for their mutual fund clients and gain more control over their fee revenue,” says Doug Conick, Vice-President, Investment Funds for Manulife Investments.
The Elite Pricing Series will provide a fixed management fee, reduced fund expenses and a customizable advisor fee.
The minimum initial purchase is $100,000 per fund, per client account, on a selected group of funds. The minimum subsequent purchase is $10,000 per fund per client account. Manulife Mutual Funds will redeem the management fee and customized advisor fee in quarterly increments from the client’s account, and will remit the advisor fee to the advisor’s dealership. Fund expenses will remain embedded in the daily unit price.
This new series will be effective July 16, 2007.
About Manulife Investments
Manulife Investments is the brand name describing certain Canadian subsidiaries and operating divisions of Manulife Financial Corporation that offer personal wealth management products and services in Canada. As one of Canada’s leading integrated financial services providers, Manulife Investments offers a variety of products and services including segregated funds, mutual funds, annuities and guaranteed investment contracts.
About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$426 billion (US$370 billion) as at March 31, 2007.
Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.Tags: Capgemini, Efma, InsurTech, World Insurance Report