TORONTO — Manulife Financial Corp. has picked the Dreyfus Corp. of New York to subadvise its All Cap Value Trust.

The fund is part of the Manufacturers Investment Trust series, which is available in Manulife Financial’s 401(k), pension, variable life, and variable annuity products.

Manulife also added the Dreyfus Premier Core Bond Fund and Dreyfus Aggressive Value Fund Thursday to its 401(k) and pension product lineups.

The Canadian company had $78.8 billion of assets under management at March 31. Dreyfus manages $150 billion in more than 190 mutual fund portfolios; it is a unit of Mellon Financial Corp. in Pittsburgh.

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