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Manulife College Program Adds Stable Value Option

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NU Online News Service, Oct. 1, 11:06 a.m. – Manulife USA, Boston, a unit of Manulife Financial Corp., Toronto, is adding a conservative investment option to its 529 college savings plan, the Manulife College Savings program.

The new option is the Manulife Stable Principal Portfolio, a fund that is supposed to preserve clients’ investment principal while providing modest current income. Manulife is aiming that option at conservative investors, investors with beneficiaries nearing college age and others worried about market volatility.

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The stable value fund is also available with Manulife’s Employee Select payroll deduction 529 plan, the company says.