TSX/NYSE/PSE: MFC; SEHK: 0945
TORONTO, April 24 /CNW/ - Manulife Mutual Funds, a division of Elliott &
Page Limited, announced a number of enhancements, including the addition of
five new mandates to its lineup of mutual funds today, subject to regulatory
"We continuously review our products to ensure they provide the best
possible access to opportunities as they arise in the marketplace, and offer
global diversity with best-in-class investment opportunities for Canadians,"
said Doug Conick, Vice President of Investment Funds for Manulife Investments.
"With the addition of these new mandates, we believe we have come closer to
New mutual funds that will be added to Manulife Mutual Funds' lineup
- Elliott & Page Global Monthly Income Fund. Managed by Alan Wicks and
Danny Tomka of MFC Global Investment Management (Canada), the Fund's
investments in dividend paying global equities, bonds and the
securities of real estate companies represent a great complement to a
Canada-concentrated portfolio. Alan Wicks currently leads MFC
Global's Value Equity Team. Alan has successfully applied his bottom-
up value approach to investing to manage one of the most successful
Canadian income balanced funds in Canada today - the Elliott & Page
Monthly High Income Fund. Danny Tomka is also a member of the Value
Equity Team, and is the lead manager for the Elliott & Page Global
- Elliott & Page Global Real Estate Fund. Managed by Tim Keefe and
Joseph Marguy of MFC Global Investment Management (U.S.) LLC, this
Fund is designed to provide medium to long term capital growth by
focusing on global real estate investment trusts (REITs), which hold
real estate and mortgages, to create a concentrated portfolio of 40-
65 global companies.
- MIX Global Opportunities Class. Also managed by Tim Keefe, of MFC
Global Investment Management (U.S.) LLC, the Fund invests in
companies that are mis-priced by the market and trading at a discount
to what the managers believe to be their true value. In order to seek
out the very best opportunities from around the globe, the Fund is
free from sector and geographic constraints, giving the managers
freedom to invest in companies where they have the highest level of
- Elliott & Page U.S. Value Fund. Managed by MFC Global Investment
Management (Canada), the addition of this Fund will add a proven U.S.
large cap value equity mandate to Manulife Mutual Funds' current
lineup of U.S. equity funds. Fund manager Harpreet Singh has been
managing a similar mandate in the U.S. since 2001 with great success.
That mandate has outperformed its benchmark, the Russell 1000 Value
Index, and its peers over every time period.
- Elliott & Page Canadian Bond Plus Fund. Managed by AllianceBernstein
Canada Inc., the Fund offers investors the enhanced return potential
of global bonds within a core Canadian bond holding. With
AllianceBernstein, investors are provided with access to one of the
deepest research platforms in the industry. AllianceBernstein's fixed
income research team is truly global, with analysts located in New
York, London, Tokyo, Hong Kong and Melbourne, all of whom operate on
an integrated global platform. The team includes 65 dedicated fixed
income research analysts with over 12 years of experience on average.
In addition to these new mutual funds being added to its current lineup,
Manulife Mutual Funds also announced a trailer fee increase for new sales of
its back-end load mutual funds beginning June 1, 2007.
About Manulife Investments
Manulife Investments is the brand name describing certain Canadian
subsidiaries and operating divisions of Manulife Financial Corporation that
offer personal wealth management products and services in Canada. As one of
Canada's leading integrated financial services providers, Manulife Investments
offers a variety of products and services including segregated funds, mutual
funds, annuities and guaranteed investment contracts.
About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group
serving millions of customers in 19 countries and territories worldwide.
Operating as Manulife Financial in Canada and Asia, and primarily through John
Hancock in the United States, the Company offers clients a diverse range of
financial protection products and wealth management services through its
extensive network of employees, agents and distribution partners. Funds under
management by Manulife Financial and its subsidiaries were Cdn$414 billion
(US$355 billion) as at December 31, 2006.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '0945' on the SEHK. Manulife Financial can be found on the Internet
For further information:
For further information: Media Contact: Tom Nunn, Manulife Financial,