On The Shelf:

(July 24, 2008)RBC Manulife Investments has launched a new series of principal protected notes. The Global Balanced Plus Deposit Notes will be tied to the performance of three funds: the Mawer World Investment Fund, the Manulife Strategic Income Fund and the Manulife Canadian Core Fund.

Bob Tillmann, vice-president of marketing and business development at Manulife, says this year has been a challenging one for investors, so if people are looking to take advantage of the market volatility while minimizing exposure to the U.S. market, they should look at this new PPN.

“By providing a 100% principal amount guarantee at maturity, these notes provide exposure to the potentially superior rates of return that the financial markets provide, while controlling the risks associated with equity investing,” he says.

In addition to guaranteeing the principal amount, the PPNs will make monthly coupon payments equivalent to 5.04% annually.

(07/24/08)

Staff

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