Manulife launches six new mutual funds

TSX/NYSE/PSE: MFC SEHK: 945

TORONTO, Aug. 23 /CNW/ - Manulife Mutual Funds, now a division of the renamed Manulife Asset Management Limited, announced today the addition of six new funds to its growing family of mutual funds.

"Income and yield continue to have prominent focus in investors' portfolios," said Jeff Ray, Assistant Vice President, Mutual Fund Products. "With these new funds, Manulife continues to demonstrate leadership and our expertise in fixed income investing by increasing the choices advisors have when building their clients' income portfolios. These new funds significantly expand our spectrum of fixed income funds and provide advisors and investors with a range of investment options to meet their income and yield requirements."

New Manulife funds

These new funds are now available for sale in Canada.

    
    -  Manulife Strategic Income Class - this corporate class version of the
       2010 Lipper Award-winning trust fund will also be managed by Dan
       Janis. The Fund will strive to generate a return similar to that of a
       diversified portfolio primarily consisting of government and corporate
       debt securities from developed and emerging markets, and also U.S.
       government and agency securities and high yield bonds. This return may
       be generated primarily by entering into forward contracts.

    -  Manulife Floating Rate Income Fund - this Fund will appeal to fixed
       income investors who are concerned with rising interest rates. The
       Fund invests in securities that pay variable, or floating, rates of
       interest. It can potentially have a unique role in income portfolios
       by diversifying interest rate sensitive investments and helping
       investors to diversify their fixed income portfolios.

    -  Manulife Short Term Bond Fund - the role of this Fund in a portfolio
       will be to reduce volatility or shorten duration. The Fund is managed
       using an active, value-oriented investment style that is based on
       fundamental research. The portfolio advisor employs top-down economic
       research and bottom-up credit analysis that seeks to identify "pockets
       of value" and minimize downside risk. Terry Carr, who also co-manages
       the recently launched Manulife Yield Opportunities Fund, is the fund
       manager.
    

In addition to the new income funds, the firm also introduced two new Canadian equity funds and one new Canadian balanced fund. "The portfolio management strength on these funds really stands out," said Mr. Ray. "They'll be managed by experienced managers who currently oversee other top performing and award-winning funds in the Manulife Mutual Fund family."

    
    -  Manulife Canadian Opportunities Fund and Manulife Canadian
       Opportunities Class - to generate investment returns, these funds will
       focus on Canada but also employ "go anywhere" mandates. The fund
       managers can search both in Canada and globally, as well as by market
       capitalization and sector, for the best investment ideas and
       securities that are believed to be attractively priced with growth
       potential. Ted Whitehead, who is also lead manager of the 5-star rated
       Manulife Growth Opportunities Fund, will manage these new funds.

    -  Manulife Canadian Balanced Fund - strong management experience
       headlines this new fund with award-winning Mawer Investment Management
       Ltd. as sub-advisor and Craig Senyk as fund manager. Mr. Senyk also
       manages the Mawer Canadian Diversified Investment Fund, winner of the
       2010 Lipper Award in the Global Balanced Equity category (3 and 10
       years).
    

Manulife also announced today three additional organizational changes. To add clarity to its mutual fund lineup, the company renamed a number of existing funds by removing AIC and Mawer names from the applicable fund names, changed portfolio management responsibilities for two funds and sub-advisor responsibilities for one fund, and also renamed the legal entity which operates Manulife Mutual Funds.

Name changes to existing funds

The following AIC funds were renamed. There were no changes to the sub-advisors on these funds.

    
    -------------------------------------------------------------------------
        New fund name                          Former AIC Fund Name
    -------------------------------------------------------------------------
    Manulife Advantage Fund              formerly AIC Advantage Fund
    -------------------------------------------------------------------------
    Manulife Advantage Fund II           formerly AIC Advantage Fund II
    -------------------------------------------------------------------------
    Manulife Advantage II Class          formerly AIC Advantage II Corporate
                                          Class
    -------------------------------------------------------------------------
    Manulife American Advantage Fund     formerly AIC American Advantage Fund
    -------------------------------------------------------------------------
    Manulife Bond Fund                   formerly AIC Bond Fund
    -------------------------------------------------------------------------
    Manulife Canadian Focused Fund       formerly AIC Canadian Focused Fund
    -------------------------------------------------------------------------
    Manulife Canadian Focused Class      formerly AIC Canadian Focused
                                          Corporate Class
    -------------------------------------------------------------------------
    Manulife Diversified Canada Fund     formerly AIC Diversified Canada Fund
    -------------------------------------------------------------------------
    Manulife Diversified Canada Class    formerly AIC Diversified Canada
                                          Corporate Class
    -------------------------------------------------------------------------
    Manulife Global Advantage Fund       formerly AIC Global Advantage Fund
    -------------------------------------------------------------------------
    Manulife Global Dividend Income Fund formerly AIC Global Premium Dividend
                                          Income Fund
    -------------------------------------------------------------------------
    Manulife Global Focused Fund         formerly AIC Global Focused Fund
    -------------------------------------------------------------------------
    Manulife Global Focused Class        formerly AIC Global Focused
                                          Corporate Class
    -------------------------------------------------------------------------
    Manulife Global Infrastructure Fund  formerly Brookfield Redding Global
                                          Infrastructure Fund
    -------------------------------------------------------------------------
    Manulife Global Infrastructure Class formerly Brookfield Redding Global
                                          Infrastructure Corporate Class
    -------------------------------------------------------------------------
    Manulife Global Real Estate Fund     formerly AIC Global Real Estate Fund
    -------------------------------------------------------------------------
    Manulife Global Real Estate Class    formerly AIC Global Real Estate
                                          Corporate Class
    -------------------------------------------------------------------------
    Manulife International Dividend      formerly Copernican International
     Income Fund                          Dividend Income Fund
    -------------------------------------------------------------------------
    Manulife Monthly High Income Class   formerly AIC Canadian Balanced
                                          Corporate Class
    -------------------------------------------------------------------------
    Manulife Preferred Income Fund       formerly AIC Preferred Income Fund
    -------------------------------------------------------------------------
    Manulife Total Yield Class           formerly AIC Total Yield Corporate
                                          Class
    -------------------------------------------------------------------------
    Manulife U.S. Opportunities Class    formerly AIC American Focused
                                          Corporate Class
    -------------------------------------------------------------------------
    Manulife U.S. Opportunities Fund     formerly AIC American Focused Fund
    -------------------------------------------------------------------------
    Manulife Value Fund                  formerly AIC Value Fund
    -------------------------------------------------------------------------
    

The following funds sub-advised by Mawer Investment Management Limited were renamed. The firm will continue as the sub-advisor for these funds.

    
    -------------------------------------------------------------------------
        New fund name                          Former Mawer fund name
    -------------------------------------------------------------------------
    Manulife Canadian Bond Fund          formerly Manulife Mawer Canadian
                                          Bond Fund
    -------------------------------------------------------------------------
    Manulife Canadian Investment Class   formerly Manulife Mawer Canadian
                                          Equity Class
    -------------------------------------------------------------------------
    Manulife Diversified Investment Fund formerly Manulife Mawer Diversified
                                          Investment Fund
    -------------------------------------------------------------------------
    Manulife Global Equity Class         formerly Manulife Mawer Global
                                          Equity Class
    -------------------------------------------------------------------------
    Manulife Global Small Cap Fund       formerly Manulife Mawer Global Small
                                          Cap Fund
    -------------------------------------------------------------------------
    Manulife Tax-Managed Growth Fund     formerly Manulife Mawer Tax-Managed
                                          Growth Fund
    -------------------------------------------------------------------------
    Manulife U.S. Equity Fund            formerly Manulife Mawer U.S. Equity
                                          Fund
    -------------------------------------------------------------------------
    Manulife World Investment Class      formerly Manulife Mawer World
                                          Investment Class
    -------------------------------------------------------------------------
    

The following other funds were renamed:

    
    -------------------------------------------------------------------------
        New fund name                        Former Manulife fund name
    -------------------------------------------------------------------------
    Manulife China Class                 formerly Manulife China
                                          Opportunities Class
    -------------------------------------------------------------------------
    Manulife Japan Class                 formerly Manulife Japan
                                          Opportunities Class
    -------------------------------------------------------------------------
    Manulife Total Global Equity Class   formerly Manulife SEAMARK Total
                                          Global Equity Class
    -------------------------------------------------------------------------
    

Portfolio management change

On or about September 1, 2010, the portfolio management for the Manulife Canadian Core Fund and Manulife Canadian Core Class will change to Ted Whitehead from Pat McHugh.

Portfolio Sub-advisor Change

On or about December 1, 2010, the portfolio sub-advisor of Manulife Japan Class will change from Manulife Asset Management (Hong Kong) Limited in Hong Kong, China to MFC Global Investment Management (Japan) Limited in Tokyo, Japan. The portfolio manager of the fund will change at the same time to Hidehiro Tomioka from Linda Csellak.

Legal entity name change

Effective on this date the name of the legal entity Elliott & Page Limited was changed to Manulife Asset Management Limited.

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 interest contracts.

About Manulife Financial

Manulife Financial is a leading Canadian-based financial services group operating in 22 countries and territories worldwide. For more than 120 years, clients worldwide 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 around the world. We provide asset management services to institutional customers worldwide as well as reinsurance solutions, specializing in life and property and casualty retrocession. Funds under management by Manulife Financial and its subsidiaries were Cdn$454 billion (US$428 billion) as at June 30, 2010.

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.

SOURCE Manulife Financial Corporation

For further information: For further information: Media contact: Tom Nunn, Manulife Financial, 1-877-782-2363, tom_nunn@manulife.com


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