TSX/NYSE/PSE: MFC; SEHK: 0945
TORONTO, July 9 /CNW/ - Manulife Mutual Funds is pleased to announce they
have received regulatory approval to launch a new suite of retail mutual
funds. Manulife Mawer Funds are now available on an exclusive basis through
This new suite of funds provides Manulife with the ability to offer
Canadian investors seven investment mandates that capture the award-winning
investment expertise and exceptional investment performance of Mawer
Investment Management Ltd.
Mawer has been a sub-advisor for Manulife since 2005 overseeing the
Manulife Tax-Managed Growth Fund and more recently the Manulife World
Investment Class in 2006. This exclusive partnership extends this working
relationship by introducing five new Manulife Mawer mutual funds and rebrands
the two existing Manulife funds within the Manulife Mawer family.
In addition to providing investors and their advisors with an additional
layer of choice, this exclusive arrangement with Mawer complements Manulife
Mutual Funds' existing suite of funds by adding some of the most respected
growth at a reasonable price (GARP) investment managers in Canada. Mawer's
track record for award-winning performance is the envy of the industry.
The new suite of mutual funds will be available for sale on July 7, 2008
and is comprised of the following seven funds:
- Manulife Mawer World Investment Class
- Manulife Mawer Canadian Equity Class
- Manulife Mawer Canadian Bond Fund
- Manulife Mawer Diversified Investment Fund
- Manulife Mawer Global Small Cap Fund
- Manulife Mawer Tax-Managed Growth Fund
- Manulife Mawer U.S. Equity Fund
"We look forward to a very rewarding relationship with Mawer and believe
that the new addition of the Manulife Mawer line-up of funds provides further
evidence of our commitment towards helping advisors provide the highest
quality investment options for their clients," said Jeff Ray, Assistant
Vice-President, Mutual Fund Products.
About Mawer Investment Management Ltd.
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 investing is Mawer's 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
For further information:
For further information: Media contact: Tom Nunn, Manulife Financial,
(519) 594-8578, email@example.com