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More actively managed funds-of-funds and mutual fund wrap programs are investing in such safe, low-cost vehicles as index funds and exchange-traded funds, The Globe and Mail reports.

Manulife Mutual Funds recently launched three index funds that it will include in its Simplicity asset allocation program, the Manulife Canadian Equity Index, the Manulife U.S. Equity Index and the Manulife International Equity Index.

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