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Manulife USA Adds American Funds to its Multi-Managed 529 Savings Plan --Also Includes Four New Individual Portfolios to its 529 Offering-- Boston – Building on its strong multi-managed platform, The Manufacturers Life Insurance Company (U.S.A.) (Manulife USA), has added one of the nation’s largest mutual fund families, American Funds®, to its 529 college savings product, Manulife College Savings1. Manulife College Savings incorporated American Mutual Fund® into its Enrollment-Based and Static Equity Portfolio allocations, as well as offering the fund as an Individual Portfolio. American Mutual Fund seeks the balanced accomplishment of three objectives – current income, long-term growth, and capital preservation. “The welcome addition of American Funds to Manulife College Savings is a testament to our commitment to providing a truly comprehensive, multi-managed 529 plan to our clients,” said Bill Burrow, Senior Vice President and General Manager, U.S. College Savings. “American Mutual Fund has helped investors meet their growing financial needs for over 50 years, and we are extremely pleased to include this fund in our portfolio line-up and as part of the allocation mixes of our diversified portfolios.” Further to the addition of American Funds, Manulife College Savings has introduced four new individual portfolios.
Manulife College Savings In July of 2001, Manulife entered the college savings market with Manulife College Savings, a national multi-managed Section 529 education savings plan distributed by Manulife Financial Securities LLC, managed by T. Rowe Price and sponsored by the Education Trust of Alaska. The multi-manager approach of Manulife College Savings allows investors to work with their financial consultants to pursue a strategy that helps to maximize their investment opportunities, while effectively managing risk. Expanding upon the inherent advantages of a typical 529 savings plan, Manulife College Savings offers investment choices from some of the nation’s top mutual fund managers. Mutual fund managers available with Manulife College Savings are A I M Investments, American Funds, Davis Selected Advisors, L.P., Franklin® Templeton®, MFS Investment Management®, OppenheimerFunds, Inc., PIMCO, and T. Rowe Price Associates, Inc. Investment in any of the Manulife College Savings portfolios is subject to investment risks, fees and expenses. Please consult the Plan Disclosure Document. About Manulife The Manufacturers Life Insurance Company (U.S.A.) (Manulife USA) is committed to offering the highest quality 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 USA 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$96.4 billion (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. -30- 1Manulife College Savings is distributed by Manulife Financial Securities LLC through other broker/dealers appointed by Manulife Financial Securities, managed by T. Rowe Price, and sponsored by the Education Trust of Alaska. Manulife Financial Securities is a member of the NASD and is listed with the Municipal Securities Rulemaking Board (MSRB). Wendy W. Smith U.S. Communications 617-854-4348 wendy_smith@manulife.com |
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