Manulife Mutual Funds has unveiled five new mutual funds, to offer customers a good investment opportunity leveraging its asset management expertise in Canada and the US.
Manulife Mutual Funds assistant vice president Derek Saliba said that the US market currently offers solid investment opportunities for investors who are looking for growth potential and income in their portfolios.
The new funds include, US Monthly High Income Fund, US Dividend Class, US Dividend Registered Fund, US Dollar US All Cap Equity Fund and US Dollar Strategic Balanced Yield Fund.
By investing mainly in a diversified portfolio of US dividend paying and other equity securities, as well as fixed income securities, the Manulife US Monthly High Income Fund aims to offer a grouping of income and capital appreciation.
The US Dividend Class plans to offer long-term capital appreciation by investing principally in a portfolio of US dividend paying stocks and other equity securities.
To deliver long-term capital appreciation, the US Dividend Registered Fund plans to invest primarily in a portfolio of US dividend paying stocks and other equity securities.
The US Dollar US All Cap Equity Fund seeks to provide long-term capital appreciation in US dollars through investment in equity securities of US companies of all sizes.
In order to provide joint income and capital appreciation in US dollars, the US Dollar Strategic Balanced Yield Fund aims to invest mainly in a diversified portfolio of dividend paying equity securities and fixed income securities.