Manulife Mutual Funds announces portfolio management and investment strategy changes for MIX AIM American Mid Cap Growth Class (May 9, 2003)
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FOR IMMEDIATE RELEASE
May 9, 2003
TSX/NYSE/PSE: MFC; SEHK: 0945


Manulife Mutual Funds announces portfolio management and investment strategy changes for
MIX AIM American Mid Cap Growth Class

Toronto – Manulife Mutual Funds, a division of Elliott & Page Limited, one of Canada’s most respected mutual fund companies, announces a change to the investment strategies and the portfolio advisory team for the MIX AIM American Mid Cap Growth Class Fund. (the “Fund.”)

“The quality and depth of investment professionals dedicated to this mandate remains the same. We are making these changes as part of our ongoing efforts to provide a strong, reliable family of investment funds that is as current to the needs of investors and their advisors as possible.” said Eric Grove, Vice President of Investment Funds of Manulife Investments.

Effective immediately, the investment strategy for MIX AIM American Mid Cap Growth Class will be changed from an earnings-momentum/growth style to a more conservative core style. “This will benefit our shareholders in that we will be providing lower volatility by investing in high quality mid-cap stocks that possess good growth potential at attractive valuations,” Mr. Grove said.

David Pointer and Ronald Sloan, currently portfolio managers with sub-advisor, AIM Capital Management, Inc. (AIM) in Houston, will provide portfolio advisory services to the Fund. Combined, Pointer and Sloan have more than 40 years of experience in managing U.S. equity portfolios.

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 operating in 15 countries and territories worldwide. Through its extensive network of employees, agents and distribution partners, Manulife Financial offers clients a diverse range of financial protection products and wealth management services. Funds under management by Manulife Financial were Cdn$141.6 billion as at March 31, 2003.

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.

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For more information or to arrange media interviews contact:
Tom Nunn
Director of Media Relations
Manulife Financial
519-594-8578
tom_nunn@manulife.com




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