Manulife Investments offers full range of wealth products under one umbrella (October 31, 2002)
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FOR IMMEDIATE RELEASE
October 31, 2002
TSX/NYSE/PSE: MFC; SEHK: 0945
Fact Sheet


Manulife Investments offers full range of wealth products
under one umbrella:
Segregated funds, mutual funds, annuities, guaranteed investments

Toronto – Manulife Financial, among Canada’s leading financial services companies, is launching a new name for the organization distributing its wealth management products offered in Canada – Manulife Investments – to bring a wide range of innovative products and wealth management services all under one umbrella.

“Our goal is to be the pre-eminent provider, through independent advisors and dealers, of innovative products and value–added services, satisfying the wealth management needs of consumers through their entire life,” said Roy Firth, Senior Vice President, Manulife Financial. “Our new Manulife Investment eXchange (MIX) Funds launched today are an excellent example of one-stop access for investors and our advisors -- to a variety of styles, regions and equity capitalizations, all overseen by top-quality asset managers.”

Among key areas of focus for Manulife Investments are: innovative product development, access to proven top-quality asset management, distribution development and service support, added Eric Grove, Vice President, Investment Funds, Manulife Financial.

“Under the Manulife Investments umbrella are a variety of products and services that Manulife Financial offers in Canada: including segregated funds, two broad mutual fund families (Elliott & Page Mutual Funds plus the new Manulife Investment eXchange (MIX) mutual funds, annuities and guaranteed investment contracts,” Mr. Grove said.

“Our clients recognize the financial strength of Manulife Financial, but we will be developing new relationships within new distribution channels – and continuing to build on the Manulife name, long known for strength, stability and global presence,” Mr. Grove added. “Over the next few weeks, we will be unveiling our new advertising campaign: ‘Manulife Investments – With you every step of the way’.”

Manulife Investments also unveiled a new corporate class of mutual funds today to provide flexibility for investors who are looking to balance their non-registered equity portfolios across geographies, global market sectors, and even investment management brands – with tax-deferred switching. (See separate media release on MIX mutual funds)

The marketing initiative will support a range of new and enhanced products, including MIX mutual funds, a proprietary fund management tool called i-Watch (see separate fact sheet), and innovative offerings of guaranteed investment contracts, mutual and segregated funds.

Manulife Investments is clearly committed to the investment business and will use the new branding to differentiate its wealth management expertise from Manulife Financial’s wide range of other services offered in Canada, including life insurance, group benefits and group pensions, Mr. Grove said.

“To our independent advisors, Manulife Investments provides a wide range of innovative investment products plus a range of tools and support to help build their business and meet investors’ needs, “ Mr. Grove added.

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$139.2 billion as at September 30, 2002.

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


FACT SHEET

Manulife Financial’s Investment Watch (i-Watch)
  • More than $12 billion in assets under management fall under the i-Watch umbrella
  • i-Watch monitors more than 200 funds managed by 30+ fund managers
  • i-Watch is available on all new Manulife Investment corporate class funds

How Manulife’s i-Watch team selects Fund Managers

When the i-Watch team selects a fund manager, they look for:
  • A disciplined, consistent investment process
  • An investment team with depth, expertise and continuity over time
  • Superior risk-adjusted performance over a full market cycle
  • Compensation and ownership structure that supports the long-term interest of investors
  • A meaningful code of ethics

Monitoring Fund Managers

Many factors affect manager performance. The i-Watch team examines a broad range of significant quantitative and qualitative measures to develop a clear picture of how the manager might perform in the future.

As well as day-to-day monitoring of market events and fund performance, Manulife annually reviews:
  • Absolute performance, risk-adjusted performance and consistency of performance relative to a peer group and benchmark
  • Investment policies and procedures of the fund, to ensure that fund objectives, risk tolerances and investment constraints are being met
  • The fund manager, including an interview to evaluate qualitative factors such as manager turnover and consistency of style.




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