Independent advisors offer “more than your typical GIC”
WATERLOO, ON, Jan. 15, 2003 – Manulife Investments is launching a new innovative Market Growth investment option for its Guaranteed Interest Contracts (GICs) sold through independent financial advisors across Canada.
The Manulife Investments Market Growth GIC option offers a principal guarantee, a guaranteed annual return, and an interest rate bonus linked to the performance of the Manulife Growth Asset Allocation Fund. With a minimum $5,000, investors can obtain a 2.8 per cent annual return (32 per cent total growth over 10 years), plus an interest bonus that reflects half of any increase in the Manulife Growth Asset Allocation Fund.
“Now Canadians can be confident of receiving a guaranteed return from their investments, plus the higher growth potential of equity-based investments,” said Rick Annaert, Vice President of Planning and Strategy, Manulife Investments. “And investors don’t have to worry about downside risk.”
Investor Benefits
Market Growth GIC investors will benefit from:
- capital preservation
- guaranteed growth
- no cap on investment returns
- investment diversification
- potential creditor protection
- ability to bypass probate and other estate fees
Manulife Investments GIC
The Market Growth GIC is part of a broad GIC suite offered by Manulife Investments. Basic GICs as well as innovative Laddered and Escalating Rate products are also available. All investment types offer important GIC features only available from insurance company investments.
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$150.8 billion as at September 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.
