Manulife Dollar-Cost Averaging Fund
If you are concerned about the current state of the financial markets and wondering about the right time to invest, Manulife mutual funds has a solution for you to consider.
The Manulife Dollar-Cost Averaging Fund* can provide investors with a systematic approach to investing in the markets over time, and a competitive rate of return equivalent to the interest rate offered by the Manulife Bank Investment Savings Account.
How the Manulife Dollar-Cost Averaging Fund works
You and your advisor choose which Manulife mutual fund(s) you would like to switch into, systematic weekly switches from the Manulife Dollar-Cost Averaging Fund will be made over a one year period.
Each switch will be a fixed amount based on your original investment into the Manulife Dollar-Cost Averaging Fund.
While in the Manulife Dollar-Cost Averaging Fund you…
- Receive a rate of return of 0.90 per cent annualized on the assets remaining in the Manulife Dollar-Cost Averaging Fund**
- Pay no MER on any balance held within the Manulife Dollar-Cost Averaging Fund1
The minimum investment amount for the Manulife Dollar-Cost Fund is $1,000.
The Manulife Dollar-Cost Averaging Fund is available with a broad selection of Manulife mutual funds, including tax-efficient corporate classes for non-registered accounts, to choose from.
Using the dollar-cost averaging approach, you will have fixed amounts of your entire initial investment allocated into your pre-selected Manulife mutual fund(s), including interest earned in the Manulife Dollar-Cost Averaging Fund, over the course of 52 weeks.
The “dollar-cost averaging” process may reduce the risk associated with timing a single lump sum investment by diversifying the time at which you purchase funds over a one year period.
Provides a very competitive rate of return as a short-term investment solution while investors move back into the markets.
Rate of 0.90 per cent effective December 1, 2016.