Building on its strong multi-managed platform, Manulife USA has added American Funds to its 529 college savings product, Manulife College Savings.

The firm's college savings program has incorporated American Mutual Fund into its Enrollment-Based and Static Equity Portfolio allocations, according to a prepared release. The firm is also offering the fund as an Individual Portfolio. American Mutual Fund seeks three objectives: current income, long-term growth, and capital preservation.

"American Mutual Fund has helped investors meet their growing financial needs for over 50 years, and we are extremely pleased to include this fund in our portfolio line-up and as part of the allocation mixes of our diversified portfolios," said Bill Burrow, senior vice president and general manager, U.S. College Savings.

Moreover, Manulife College Savings has introduced four new individual portfolios: American Mutual 529 Portfolio, MFS Massachusetts Investors Growth Stock 529 Portfolio, T. Rowe Price Equity Income 529 Portfolio and T. Rowe Price Small Cap Stock 529 Portfolio

"Now, with a total of eight individual portfolios, we offer clients the flexibility and control to customize their college savings investments and select a portfolio that complements their existing investment strategy," added Burrow. 

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