Manulife Investments expands IncomePlus fund offering



    TSX/NYSE/PSE: MFC; SEHK: 0945

    WATERLOO, ON, June 27 /CNW/ - Manulife Investments has announced that it
will give clients and advisors significantly more investment choice in its
industry-leading Guaranteed Minimum Withdrawal Benefit (GMWB) product,
IncomePlus.
    Effective immediately, Manulife Investments has expanded the fund
offering within GIF Select featuring IncomePlus from 26 to 35 funds, including
five new fund managers: Alan Radlo (through Cambridge Funds from CI
Investments); Mawer Investment Management Ltd. (as part of the recently
announced exclusive arrangement); RBC Asset Management; Renaissance
Investments; and TD Asset Management Inc.
    Also in the expanded fund offering will be five fund bundles - unique,
packaged investment solutions with an equity investment focus that provides
higher equity exposure reducing the need for continuous portfolio monitoring
by the advisor or the client. Typically, the fund bundles will maintain an
asset mix of approximately 20 per cent fixed income investments and 80 per
cent equity funds.
    "These changes will make IncomePlus even more competitive in the
marketplace," says Michael Ondercin, Assistant Vice President, Segregated
Funds, Manulife Investments. "They are an excellent complement to our other
popular investment fund options. Not only do we have top fund companies
working with us, but the new 80/20 bundle portfolios are well diversified with
global and Canadian investment exposure, designed to provide lower overall
volatility while enhancing return potential through higher equity
allocations."

    
    Additions to IncomePlus funds include:

    -   Manulife 80/20 Bundle
    -   Manulife CI Cambridge 80/20 Bundle
    -   Manulife Fidelity Disciplined Equity 80/20 Bundle
    -   Manulife RBC O'Shaughnessy 80/20 Bundle
    -   Manulife Renaissance 80/20 Bundle
    -   Manulife Mawer Diversified Investment
    -   Manulife Fidelity Canadian Balanced
    -   Manulife CIBC Monthly Income
    -   Manulife TD Dividend Income
    

    "The new fund additions will provide our clients with even greater choice
and growth potential to provide potentially increasing guaranteed lifetime
income," explained Ondercin. "With $5 billion in deposits in less than
20 months, Canadians have clearly embraced IncomePlus as a way to meet their
retirement income needs and we are pleased to expand and improve the fund
offerings available."
    Manulife Financial Corporation remains the only financial institution in
Canada with operating subsidiaries carrying a Standard & Poor's AAA credit
rating that offers a GMWB product. For more details please visit
www.manulifeincomeplus.ca

    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$400 billion 
(US$389 billion) as at March 31, 2008.
    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
at www.manulife.com.

    Manulife Financial and the block design are registered service marks of
    The Manufacturers Life Insurance Company and are used by it and its
    affiliates including Manulife Financial Corporation.





For further information:

For further information: Media contact: Tom Nunn, (519) 594-8578,
tom_nunn@manulife.com


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