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Manulife Mutual Funds to terminate three funds The decision was made to terminate these funds due to the high costs associated with managing smaller funds. This will allow Manulife Mutual Funds to concentrate resources in other mandates to better serve the interests of investors. “As one of Canada’s leading financial services firms, Manulife provides access to top quality investment funds,” said Rick Annaert, Vice President of Investment Products for Manulife Financial. “ Through regular review of our fund line-up, we are able to ensure that Manulife Mutual Funds offers a strong and efficient product offering that meets the demands of investors and their advisors. With these goals in mind, Manulife Mutual Funds decided to terminate the MIX AIM American Mid-Cap Growth Class, MIX Global Sector Class and the Elliott & Page Asian Growth Fund.” 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$350.3 billion as at March 31, 2005. 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. 30 Media contact: Tom Nunn Manulife Financial 519-594-8578 tom_nunn@manulife.com |
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