Manulife Mutual Funds announces multiple product enhancements



    TSX/NYSE/PSE: MFC; SEHK: 0945

    TORONTO, Sept. 2 /CNW/ - Manulife Mutual Funds, a division of Elliott &
Page Limited, announced today a number of enhancements to its Simplified
Prospectus.
    "We continuously review our products and services to ensure they provide
the most competitive access to opportunities as they arise in the global
marketplace," said Jeff Ray, Assistant Vice-President, Manulife Mutual Funds.
"These additions and enhancements provide Canadians with additional sources of
diversification and access to top-ranked investment management."
    "The addition of the Customizable Cash Flows and Elite T Series are just
two examples that support our strategy of becoming a leader in providing a
range of attractive income options to Canadians looking to help fund their
retirement years."

    Manulife Global Opportunities Balanced Fund

    This global balanced fund combines two successful existing Manulife
Mutual Funds, Manulife Global Opportunities Class and Manulife Strategic
Income Fund. The new fund will have a target asset mix of 60-80% equities and
the balance in fixed income or money market securities. The equity component
will invest in securities located anywhere in the world and will be based on
the successful strategy used in the Manulife Global Opportunities Class. The
fixed-income portion of the Fund may be a combination of direct and indirect
investments. The indirectly invested fixed-income component of the Fund will
initially be comprised of securities of the Manulife Strategic Income Fund
which provides exposure to global fixed-income securities.

    Manulife Global Natural Resources Fund

    The Fund will seek to provide long term capital appreciation by investing
in companies involved in global natural resource industries, or that supply
goods and services to these industries. The management team considers the
general outlook of the economy and energy and commodity prices, in connection
with fundamental company analysis to construct the portfolio of the Fund. The
Fund was launched August 24, 2007 but until now, was only available to
institutional investors.

    Enhancements to Simplicity Portfolios

    Simplicity Portfolios will be undergoing several enhancements, including
the addition of four new funds:

    
    -  Manulife Canadian Fixed Income Fund, sub-advised by Addenda Capital
       Inc.
    -  Manulife Canadian Large Cap Growth Fund, sub-advised by Greystone
       Managed Investments Inc.
    -  Manulife Canadian Equity Value Fund, sub-advised by Scheer Rowlett &
       Associates Investment Management Ltd.
    -  Manulife U.S. Diversified Growth Fund, sub-advised by Wellington
       Management Company, LLP
    

    The enhancements are a result of an annual due diligence process which
reviews each portfolio based on asset class, style, region, market
capitalisation, sector, and manager composition. A separate communication will
go out describing these and other significant enhancements.

    Elite T Series

    Manulife Mutual Funds helps provide tax-efficient income and price
flexibility to high-net-worth clients. Elite T Series combines the best
attributes of Series T with the reduced management fees and customizable
advisor fees available in Elite Series.

    Customizable Cash Flows for Series T and Elite T Series

    Manulife Mutual Funds has launched a customized cash flow option to
Series T and Elite T Series funds, allowing investors to customize their
monthly cash flow up to a fund's maximum payout rate of 6% or 8%. The group of
13 Series T and Elite T Series funds provide attractive investment options for
investors seeking tax-efficient monthly income.

    Dollar-Cost Averaging plan

    The Dollar Cost Averaging Plan allows investors to switch money from the
Manulife Money Fund into any other Manulife Fund on a regular basis. Switching
may only be made to another Fund within the same Series and sales charge
option, if applicable. Investments may be made on a monthly, bi-monthly,
quarterly, semi-annual or annual basis.

    Automatic Rebalancing Service

    The Automatic Rebalancing Service allows investors to rebalance their
portfolios on a selected frequency (quarterly, semi-annual or annual) if one
or more of their investments varies from the target allocation by more than
the client's selected variance. This new service will replace any existing
rebalancing service offered by Manulife Mutual Funds.

    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 MFC Global Investment Management
    --------------------------------------
    MFC Global Investment Management(R) is the brand name identifying the
diversified investment management group of Manulife Financial, with investment
offices in the United States, Canada, the United Kingdom, Japan, Hong Kong,
and throughout Southeast Asia. With more than C$250 billion in assets under
management as at March 31, 2008, MFC Global Investment Management(R) is a
leading global investment management group.

    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$393 billion) as at June 30, 2008.
    Manulife Financial is one of two publicly traded life insurance companies
in the world whose rated life insurance subsidiaries hold Standard & Poor's
Rating Services' highest "AAA" rating.
    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.





For further information:

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


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