TSX/NYSE/PSE: MFC; SEHK: 0945
TORONTO, June 11 /CNW/ - Manulife Mutual Funds has reached an agreement
that will allow it to offer, on an exclusive basis through financial advisors,
a family of mutual funds sub-advised by Mawer Investment Management Limited's
acclaimed investment management team.
Mawer Investment Management's World Investment fund managed by Gerald
Cooper-Key, the 2007 Morningstar Fund Manager of the Year, has been recognized
as the International Equity Fund of the Year in 2007, 2005, 2003 and 2002 and
was also ranked among Canada's top three funds in 2006 and 2004.
The arrangement allows Manulife to launch new mutual funds and segregated
funds, subject to regulatory approval, to complement its Manulife Tax-Managed
Growth fund and Manulife World Investment class, plus exclusively offer a
broader family of funds sub-advised by Mawer Investment Management for
distribution through independent Financial Advisors.
"As one of Canada's leading financial services firms, Manulife provides
access to top quality investment funds," said Doug Conick, Vice President
Investment Funds for Manulife Financial. "We continue to focus on providing a
strong product line-up that meets the demands of investors and their advisors.
As such, we are very pleased to enter this arrangement which will serve to
further strengthen and broaden our already very strong family of mutual funds.
"We're very honoured to be working closely with one of Canada's top
financial firms," added Gerald Cooper-Key.
Among Mawer's other award-winning funds, the Mawer New Canada Fund, a
small cap Canadian equity fund, also won top honours as Best Canadian Small
Cap Fund in 2002, 2003 and 2004, before it was capped and closed to new
investors in early 2005. Also, Mawer's large cap Canadian Equity Fund won Best
Canadian Equity Pooled Fund at the 2007 Canadian Investment Awards.
About Mawer Investment Management Limited
Mawer has been managing portfolios for individual and institutional
investors for more than three decades. The firm is one of Canada's most
experienced investment counsellors. Since investment is their only business,
they are able to focus on their primary objective: to preserve and create
wealth for their clients.
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 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, email@example.com