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FOR IMMEDIATE RELEASE
June 11, 2008
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Manulife Mutual Funds enters an exclusive arrangement with Mawer Investment Management
Toronto - Manulife Mutual Funds has reached an agreement that will allow it to offer, on an exclusive basis through financial advisors, a family of mutual funds sub-advised by Mawer Investment Management Limited’s acclaimed investment management team.
Mawer Investment Management’s World Investment fund managed by Gerald Cooper-Key, the 2007 Morningstar Fund Manager of the Year, has been recognized as the International Equity Fund of the Year in 2007, 2005, 2003 and 2002 and was also ranked among Canada’s top three funds in 2006 and 2004.
The arrangement allows Manulife to launch new mutual funds and segregated funds, subject to regulatory approval, to complement its Manulife Tax-Managed Growth fund and Manulife World Investment class, plus exclusively offer a broader family of funds sub-advised by Mawer Investment Management for distribution through independent Financial Advisors.
“As one of Canada’s leading financial services firms, Manulife provides access to top quality investment funds,” said Doug Conick, Vice President Investment Funds for Manulife Financial. “We continue to focus on providing a strong product line-up that meets the demands of investors and their advisors. As such, we are very pleased to enter this arrangement which will serve to further strengthen and broaden our already very strong family of mutual funds.
“We’re very honoured to be working closely with one of Canada’s top financial firms,” added Gerald Cooper-Key.
Among Mawer’s other award-winning funds, the Mawer New Canada Fund, a small cap Canadian equity fund, also won top honours as Best Canadian Small Cap Fund in 2002, 2003 and 2004, before it was capped and closed to new investors in early 2005. Also, Mawer's large cap Canadian Equity Fund won Best Canadian Equity Pooled Fund at the 2007 Canadian Investment Awards.
About Mawer Investment Management Limited
Mawer has been managing portfolios for individual and institutional investors for more than three decades. The firm is one of Canada’s most experienced investment counsellors. Since investment is their only business, they are able to focus on their primary objective: to preserve and create wealth for their clients.
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$389 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.
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Media contact:
Tom Nunn
Manulife Financial
(519) 594-8578
tom_nunn@manulife.com
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