Manulife Mutual Funds appoints highly respected sub-advisor to lead MIX Global Equity Class

    TORONTO, March 23 /CNW/ - Manulife Mutual Funds, a division of Elliott &
Page Limited, announced today that Capital Guardian will assume sub-advisor
responsibilities for the MIX Global Equity Class, effective June 1, 2007.
    "We are pleased to add Capital Guardian to the list of highly regarded
institutional managers that sub-advise Manulife Mutual Funds," said Doug
Conick, Vice President, Investment Funds.
    Capital Guardian is committed to long-term investment success through
their globally integrated fundamental research, unique investment process and
organizational stability. Capital Guardian replaces Goldman Sachs Asset
Management, L.P. as sub-advisor on the Fund.
    "This change will provide MIX investors with access to this well
respected institutional investment manager," added Mr. Conick.

    About Capital Guardian
    Capital Guardian is part of The Capital Group Companies, Inc., a global
investment management organization that manages assets for institutional
accounts and publicly owned mutual funds and unit trusts. As one of the
world's largest investment managers, the Capital organization participates in
global equity and fixed-income markets on behalf of a diverse group of

    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$414 billion
(US$355 billion) as at December 31, 2006.
    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,

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