Manulife Mutual Funds Announces Changes to the Elliott & Page Equity Fund (December 13, 2002)
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FOR IMMEDIATE RELEASE
December 13, 2002


Manulife Mutual Funds Announces Changes to the Elliott & Page
Equity Fund
MFC Global Investment Management (Canada) to take over management of the Fund

Toronto – Manulife Mutual Funds, a division of Elliott & Page Limited, one of Canada’s most respected mutual fund companies, announced a change in investment responsibility for the Elliott & Page Equity Fund.

“We are making these changes as part of our ongoing efforts to provide a strong yet streamlined family of investment funds that is as current to the needs of investors and their advisors as possible” said Eric Grove, Vice President, Investment Funds for Manulife Financial. Grove adds, “It is with these objectives in mind that we’ve decided to replace the sub-Advisor on our Equity Fund.”
  • Effective December 13, 2002, PCJ Investment Counsel will no longer act as sub-advisor for the Elliott & Page Equity Fund. Under the direction of Shauna Sexsmith as lead manager, MFC Global Investments Management (Canada) will provide all investment advisory services for the Fund. PCJ Investment Counsel will continue to act as sub-advisor for the Elliott & Page Sector Rotation Fund.
MFC Global Investment Management (Canada) is division of Elliott & Page Limited and is a member of the MFC Investment Management Group of Companies. Based primarily in North America, the firm has investment operations in London, Tokyo, Hong Kong, and Southeast Asia. The firm has over 100 years of experience managing assets for The Manufacturers Life Insurance Company, and is amongst the fastest growing pension managers in Canada. With more than CDN $72 billion in assets under management as of September 30, 2002, MFC Global Investment Management offers risk management and a wide range of investment solutions across numerous mandates. The result is a steady asset management powerhouse with comprehensive resources worldwide.

About Manulife Investments
Manulife Investments is the brand name identifying the personal wealth management lines of business offered by The Manufacturers Life Insurance Company and its subsidiaries in Canada. As one of Canada’s leading integrated financial services providers, Manulife Investments offers a variety of products and services including segregated fund contracts, mutual funds, annuities and guaranteed interest 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.

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For media inquiries or to arrange an interview, please contact:

Rahim Rajpar
Marketing Manager
200 Bloor Street East
North Tower 3
Toronto, Ontario M4W 1E5
(416) 852-7570
rahim_rajpar@manulife.com



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