TSX/NYSE/PSE: MFC; SEHK: 0945
TORONTO, July 24 /CNW/ - Canadian investors can benefit from a new series
of principal protected Notes that provides access to world-class investment
managers and can generate potential returns based on exposure to equity
RBC Manulife Investments Global Balanced Plus Deposit Notes is a unique
investment offering issued by RBC that is tied to the performance of three
funds: the Mawer World Investment Fund - four time winner of the International
Equity Fund of the Year, the Manulife Strategic Income Fund and the Manulife
Canadian Core Fund. The RBC Manulife Investments Global Balanced Plus Deposit
Notes provide a Principal Amount guaranteed by RBC.
"For many investors, 2008 has proven to be a challenging year," said
Bob Tillmann, Vice President of Marketing and Business Development,
Manulife Investments. "With the U.S. economy facing the headwinds of the
credit crisis, the collapse of the housing market and rising cost of energy,
their economy is facing what some economists are calling the perfect storm."
"For those investors who are looking to take advantage of current market
volatility in the belief that stocks currently provide good value, while at
the same time minimizing exposure to the U.S. market, the RBC Manulife
Investments Global Balanced Plus Deposit Notes may prove to be an ideal
investment. By providing a 100 per cent Principal Amount guarantee at
maturity, these Notes provide exposure to the potentially superior rates of
return that the financial markets provide, while controlling the risks
associated with equity investing. And with award-winning fund management of
the underlying funds, these Notes truly provide investors with a best-in-class
investment opportunity" added Tillmann.
The Deposit Notes employ a dynamic asset allocation strategy providing
increased exposure to the underlying funds when performance is positive and
reduced exposure to the funds when performance is negative.
Yield Notes (Series 10)
- 100% Principal Amount guaranteed at maturity
- Monthly coupon payments equivalent to 5.04% annually(*)
Return of Capital Notes (Series 11)
- 100% Principal Amount guaranteed over the term of the Deposit Note
- Monthly principal repayments equivalent to 5.04% annually(*)
Total Return Notes (Series 12)
- 100% Principal Amount guaranteed at maturity
The RBC Manulife Investments Global Balanced Plus Deposit Notes, Series
10, 11 and 12 are sold by advisors licensed by the Investment Dealers
Association of Canada as well as licensed mutual fund dealers.
Series 10, 11 and 12 of the Global Balanced Plus Deposit Notes are
available for purchase until September 5, 2008. Details regarding this
investment product, including a discussion of risk factors relating to the
Deposit Notes, are contained in the Information Statements that can be
obtained from your financial advisor or at www.manulife.ca/investments.
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 $407 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.
About MFC Global Investment Management
MFC Global Investment Management is the asset management division of
MFC Global Investment Management's diversified group of companies and
affiliates provide 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 & gas,
real estate, timber, farmland, as well as asset allocation strategies.
MFC Global Investment Management has investment offices in the United
States, Canada, the United Kingdom, Japan, Hong Kong, and throughout Asia. As
at December 31 2007, assets managed exceeded C$240 billion. Additional
information about MFC Global Investment Management may be found at
The information contained herein is for information purposes only and
does not constitute an offer to sell or a solicitation to purchase the Deposit
Notes or investment advice. Investors should read the Information Statements
related to the Deposit Notes dated July 2, 2008 and discuss with their advisor
before making any investment decisions. Complete information relating to the
Deposit Notes, including the risks of investment and disclosure on how the
return is calculated, are included in the related Information Statement.
An investment in Protected Deposit Notes is subject to certain risks,
which investors should consider. Investors should read the Information
Statement carefully before investing and discuss their suitability with their
advisor. The Deposit Notes may not be suitable for all types of investors; the
prices, and value of the Deposit Notes may fluctuate and/or be adversely
affected by a number of factors. The fluctuation of the value of the Fund
Portfolio will directly impact the return, if any, on the Deposit Notes at
maturity. It is possible that no return will be paid on the Deposit Notes.
The information contained herein is intended to be read in conjunction
with the related Information Statement and is qualified in its entirety by
reference to the Information Statement. The fluctuation of the value of the
Fund Portfolio will directly impact the return, if any, on the Deposit Notes
at maturity. It is possible that no return will be paid on the Deposit Notes.
Royal Bank of Canada makes no assurances, representations or warranties
with respect to the accuracy, reliability or completeness of the information
contained herein. Furthermore, Royal Bank of Canada makes no recommendations
concerning Manulife Investments, mutual funds or the suitability of investing
in securities generally, or the Deposit Notes in particular. No person has
been authorized to give information or to make any representation not
contained in the related Information Statement and Royal Bank of Canada does
not accept any responsibility for any information not contained in the related
Manulife Investments is the brand name identifying the personal wealth
management lines of business offered by The Manufacturers Life Insurance
Company (Manulife Financial) and its subsidiaries in Canada (collectively,
"Manulife Financial"). Manulife Investments, MFC Global Investment Management,
Manulife and the Manulife Investments block design are trade names or
registered or unregistered trademarks of Manulife Financial and have been
licensed for use by the Royal Bank of Canada and its affiliates.
(*) of the value of the Equity account - Monthly cash payout is variable
and not guaranteed. Certain conditions apply; see Information
Statement for more details.
For further information:
For further information: Media Contact: Tom Nunn, Manulife Financial,
(519) 594-8578, firstname.lastname@example.org