Manulife Mutual Funds announces Simplicity portfolio enhancements



    TSX/NYSE/PSE: MFC; SEHK: 0945

    TORONTO, Sept. 30 /CNW/ - Manulife Mutual Funds announced today that it
has made significant enhancements to the Simplicity asset allocation
investment program. The enhancements follow an annual due diligence process
which reviews each portfolio based on asset class, style, region, market
capitalization, sector, and manager composition.
    Eight new mandates and five new manager relationships will be introduced,
aimed to decrease risk across each asset class by reducing manager
concentration and adding investment style offsets to each category.
    Of the eight new fund additions, four are new mandates (Manulife Canadian
Fixed Income Fund, Manulife Canadian Equity Value Fund, Manulife Canadian
Large Cap Growth Fund, Manulife U.S. Diversified Growth Fund); four are
existing Manulife Mutual Funds (Manulife Canadian Equity Fund, Manulife
European Opportunities Fund, Manulife Mawer Global Small Cap Fund, and
Manulife Mawer World Investment Class); five are new manager relationships
(Addenda Capital, Scheer Rowlett & Associates, Greystone Managed Investments
Inc, Foyston, Gordon & Payne, Wellington Management); and one is a manager
change (Howson Tattersall).
    "Manulife employs one of the most respected asset allocation teams in the
industry" said Jeff Ray, Assistant Vice-President, Manulife Mutual Funds.
"Simplicity Portfolios are reviewed on a regular basis by MFC Global
Investment Management and Investment Management Services, through i-Watch, an
independent due diligence and monitoring service."
    "Together, they will recommend changes to the underlying portfolios as a
way to improve potential investment returns while reducing overall risk. The
latest series of enhancements follow extensive research and we believe the
resulting portfolios represent compelling investment options for advisors and
their clients." added Mr. Ray.

    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 is a leading
global investment management group.

    About Investment Management Services
    ------------------------------------
    Investment Management Services (IMS) is staffed by a team of investment
professionals who are responsible for overseeing Manulife's Common Investment
Platform. Using a stringent selection and review process called i-Watch, the
team seeks to identify funds and fund managers that have the potential over
the long-run to deliver strong results through a variety of market cycles and
adhere to their investment mandate.

    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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