Manulife Mutual Funds launches index funds


    TORONTO, May 12 /CNW/ - Manulife Mutual Funds, a division of Elliott &
Page Limited, announced today it has launched three index funds:

    -   Manulife Canadian Equity Index Fund
    -   Manulife U.S. Equity Index Fund
    -   Manulife International Equity Index Fund

    The investment objective of these index funds is to closely track the
performance of the publicly traded securities in their respective markets, as
measured by the following indices respectively:

    -   S&P/TSX Composite Index (Canada)
    -   S&P 500 Index (U.S.)
    -   MSCI EAFE Index (International)

    Managed by MFC Global Investment Management (Canada), the aforementioned
index funds will be incorporated into the Simplicity asset allocation program
with no immediate plans to offer them as stand-alone mutual funds. The index
funds will add a passive management element to the portfolios, which is
complementary to the actively managed multi-style funds in the program.

    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 fund contracts,
mutual funds, annuities and guaranteed interest contracts.

    About MFC Global Investment Management

    MFC Global Investment Management(R) is the asset management division of
Manulife Financial. MFC Global Investment Management's diversified group of
companies provides comprehensive asset management solutions for institutional
investors, investment funds and individuals in key markets around the world.
This investment expertise extends across a full range of asset classes
including equity, fixed income and alternative investments such as oil and
gas, real estate, timber, farmland, as well as asset allocation strategies.

    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$405 billion
(US$322 billion) as at March 31, 2009.
    Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '945' 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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