Manulife Investments, which is known as John Hancock in the US, announced they received the all clear from their security holders to implement investment objective changes and new mutual fund mergers.
The financial services provider will terminate Manulife Global Focused Class and merge it with Manulife Global Equity Unconstrained Class in March of 2016.
As well as this, there will also be an investment objective change implemented to the Manulife Emerging Markets Class in January 4 2016.
Manulife Investments is a division of Manulife Asset Management Limited that manages assets for Canadian investors. As one of Canada's leading integrated financial services providers, Manulife provides financial advice, insurance and wealth and asset management solutions.
At the end of September 2015, the firm announced it had $888 billion in assets had made more than $23 billion in benefits, interest and other payments within that year.