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Manulife College Savings increases investment options -- Stable Principal Portfolio and Four New Individual Portfolios Offer More Choice with Multi-Managed 529 Plan -- Boston – The Manufacturers Life Insurance Company (U.S.A.) (Manulife USA) is adding, effective today new enhancements to its multi-managed 529 plan, Manulife College Savings. First launched in July of 2001, Manulife College Savings has quickly become a leader in the college savings market.1 These additions to the Manulife College Savings investment line-up give investors the opportunity to have their 529 plan complement their particular educational savings needs and existing asset allocation strategies. New Stable Principal Portfolio Among the options now available through Manulife College Savings, is the Manulife Stable Principal Portfolio. This portfolio is intended to preserve clients’ investment principal while providing modest current income. It may be appropriate for conservative investors or those who have a beneficiary nearing college age and are looking to minimize their exposure to market volatility. New Individual Portfolios Clients can also invest in four of Manulife College Savings’ existing mutual funds as Individual Portfolios. These include: the T. Rowe Price Blue Chip Growth 529 Portfolio, the A I M Aggressive Growth 529 Portfolio, the T. Rowe Price Mid-Cap Value 529 Portfolio, and the Templeton Foreign 529 Portfolio. These new portfolios offer clients the flexibility and control to customize their college savings investments and select a portfolio that complements their existing investment strategy. “With these additions to our multi-managed 529 product, we’ve provided solutions both for clients who are looking for less risk with the Manulife Stable Principal Portfolio and those who are looking for more choice with the four Individual Portfolios,” said Bill Burrow, Senior Vice President and General Manager, Manulife College Savings. “We are continually upgrading our product in order to bring the most comprehensive, multi-managed 529 plan to our clients, and these enhancements reflect the feedback we have received.” These options are also available with Manulife’s Employee Select payroll deduction 529 plan. Manulife College Savings Manulife College Savings is a nationally distributed Section 529 plan launched in July of 2001. It is 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 maximizes their investment opportunities, while effectively managing risk. Expanding upon the inherent advantages of a typical 529 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 Advisors, Inc., Davis Selected Advisors, L.P., Franklin Templeton, MFS Investment Management, OppenheimerFunds, Inc., Pacific Investment Management Company (PIMCO) and T. Rowe Price Associates, Inc. About Manulife The Manufacturers Life Insurance Company (U.S.A.) (Manulife USA) is committed to offering the highest quality annuity, life insurance, pension, tax-deferred college savings, and separately managed account 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$92.1 billion (Cdn$139.8 billion) as at June 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. Manulife 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). -30- Media Contact: Wendy W. Smith U.S. Communications 617-854-4348 wendy_smith@manulife.com |
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