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Manulife Private Account Introduces Three New Multi Cap Portfolios Boston - Expanding the options it provides to clients and Financial Consultants, Manulife Private Account is introducing three new multi-cap portfolios to its separately managed account platform. These additions complement Manulife Private Account’s existing offerings, providing a wider range of choices to meet the goals and strategies of a variety of investors. Overall, the new portfolios offer multiple capitalization ranges in growth and value styles. At a minimum of $175,000, clients can have access to a split of multi-cap growth and multi-cap value. At a minimum of $250,000, two multi-cap equity portfolios are available, one with an additional bond component and another with an international equity component. Clients now have more ways to diversify with these new multi-cap offerings, which are based on time-tested asset allocation models. The overlay portfolio management process, a key component of Manulife Private Account, ensures that the portfolios are regularly monitored and reallocated to maintain target allocations. Two new seasoned investment managers join the cadre of existing investment managers. Both are recognized leaders in their particular styles and have been carefully selected by Manulife. AIM Private Asset Management, the multi-cap growth manager, and PIMCO-NFJ Investments, the multi-cap value manager, have proven their ability to manage multi-cap styles through complete market cycles. “The new portfolios increase Manulife Private Account’s appeal in a significant way,” said Marc Costantini, Senior Vice President and General Manager of Managed Accounts. “Financial Consultants can now offer clients more choices and more powerful diversification opportunities at lower minimum investments as they expand their consultative-based businesses.” About Manulife Private Account Manulife Private Account (MPA)1 is a multi-style, separately managed account, in which clients’ assets are managed by well-respected investment firms, including: AIM Private Asset Management, Deutsche Asset Management, Franklin Templeton, OFI Private Investments, Inc. (Oppenheimer Funds), PIMCO-NFJ Investments, Radnor Capital Management (a division of US Trust), and Salomon Brothers Asset Management Inc. Manulife Private Account delivers personalized wealth solutions by providing style diversification, customization and tax management opportunities, and a unique overlay portfolio management process that limits over concentration in an investment style and duplication of securities. About Manulife In the United States, Manulife is committed to offering the highest quality annuity, life insurance, pension, and individual wealth management products to its clients. Its family of products has been built around a powerful combination of investment options chosen with the goal of providing attractive risk-adjusted returns and broad diversification across asset classes, investment styles, and asset managers. With its extensive product lines, competitive underwriting, excellent ratings, and quality customer service, Manulife’s U.S. Division is dedicated to providing quality products designed to help create and preserve wealth for its clients. 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 US$106.5 billion (Cdn$144.3 billion) as at June 30, 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. 1 Manulife Private Account is sponsored by Manulife Financial Securities LLC, a federally registered investment advisor, and a wholly owned subsidiary of The Manufacturers Life Insurance Company (U.S.A.) (Manulife USA). -30- Media Contact:Heather Randolph Carter U.S. Communications 617-854-4342 heather_carter@manulife.com |
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