No, email hosting does not include a mailing list management tool. For small distributions, however, you can create mail forward accounts to distribute messages to groups of recipients. This can be useful in sending internal messages to segments or your entire group.
For email marketing, we recommend our Campaign Manager service which allows you to manage email campaigns and lists through a web based administration panel. Campaign Manager automatically removes hard bounce addresses and unsubscribe requests. It also provides detailed reports for each campaign showing hard and soft bounce rates, message open and click through rates and unsubscribe rates.