Manulife Asset Management Chosen by the Teachers' Retirement System of the State of Illinois to Manage US$371 Million Fixed Income Mandate

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BOSTON, Sept. 15, 2011 /CNW/ -- Manulife Asset Management said that it was awarded a US$371 million mandate for its global multi-sector fixed income strategy from the Teachers' Retirement System of the State of Illinois. The $37.1 billion pension fund, headquartered in Springfield, Illinois, announced the decision in August.

This core plus fixed income mandate will be managed by Manulife Asset Management's Strategic Fixed Income team, headed by Daniel S. Janis III and Thomas Goggins.

"We are extremely pleased to be chosen as an investment manager by the Illinois Teachers and we congratulate our Strategic Fixed Income Team on being chosen for this important mandate," said J-F Courville, President and Chief Executive Officer of Manulife Asset Management. He added: "Lately we have been gaining a lot of traction with this strategy. We find that plan sponsors are looking for a compelling complement to core fixed income allocations that offers the potential to add value with a keen focus on risk mitigation."

In April, as previously announced, the Public Employees Retirement Association of New Mexico awarded Manulife Asset Management a $250 million mandate, also for Strategic Fixed Income.

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About Manulife Asset ManagementManulife Asset Management(TM) is the global asset management arm of Manulife Financial. Manulife Asset Management and its affiliates provide comprehensive asset management solutions for institutional investors and investment funds in key markets around the world. This investment expertise extends across a broad range of asset classes including equity, fixed income and alternative investments such as real estate, timber, farmland, as well as asset allocation strategies.

Manulife Asset Management has offices with full investment capabilities in the United States, Canada, the United Kingdom, Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the Philippines. In addition, it has a joint venture asset management business in China, Manulife TEDA. It also has operations in Australia, New Zealand, Brazil and Uruguay. As at June 30, 2011, assets under management were Cdn$209 billion (US$217 billion). Additional information about Manulife Asset Management can be found at ManulifeAM.com. Prior to December 15, 2010, Manulife Asset Management was known as MFC Global Investment Management.

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About Manulife FinancialManulife Financial is a leading Canadian-based financial services group operating in 21 countries and territories worldwide. For more than 120 years, clients have looked to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Our international network of employees, agents and distribution partners offers financial protection and wealth management products and services to millions of clients. We provide asset management services to institutional customers worldwide as well as reinsurance solutions, specializing in property and casualty retrocession. Funds under management by Manulife Financial and its subsidiaries were Cdn$481billion (US$498 billion) as at June 30, 2011. The Company operates as Manulife Financial in Canada and Asia and primarily as John Hancock in the United States.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

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SOURCE Manulife Asset Management

For further information: Beth McGoldrick, Beth_McGoldrick@manulifeam.com, +1-617-663-4751 Web Site: http://www.manulife.com


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