MAFBF1 approves for becoming open fund

Manulife Fund Management Co held the shareholders meeting on March 29, 2012 for Manulife Growth Investment Fund (MAFBF1). In the meeting, the shareholders have approved for adjusting the fund’s regulations so as to change the fund’s operation model from close fund into open fund in 2013.

As for targeted business plan, MAFBF1 would continue pouring capital in the companies that concentrate on developing domestic consumption market or having stable export turnover and profit, These enterprises may be in sectors of banking, consumption, telecommunication, health care services and petroleum.

The fund would maintain low investment ratio in companies specifying in such sectors of real estate, convenient services and financial services because these companies were predicted to face much challenge in the market in 2012.

 

Category: Stocks