International Allocation and Lifecycle Portfolios now available
Boston – John Hancock Funds today announced that it has launched two new fund of funds products: the John Hancock International Allocation Portfolio, and the John Hancock Lifecycle Portfolios. Both are now available to retail investors through their financial advisers.
“John Hancock has become a leader in multi-managed fund of funds products with our popular target-risk Lifestyle portfolios, so the International Allocation and the target-date Lifecycle Portfolios are natural extensions for us,” said Keith F. Hartstein, President and CEO of John Hancock Funds. “Both new products demonstrate our expertise in engineering sophisticated asset allocation strategies, employing our multi-manager platform and our unique optimization process,” said Bob Boyda, Senior Vice President, John Hancock Investment Management Services, which oversees investment activities in the two new portfolios.
The John Hancock International Allocation Portfolio invests in international equity funds, managed by a variety of leading asset management firms and offering geographical diversification across the investment style and market capitalization spectrums. The International Allocation Portfolio offers investors exposure to the investing capabilities of such leading firms as Templeton Global Advisors Limited; Grantham, Mayo, Van Otterloo & Co. LLC; Marsico Capital Management, LLC; Pzena Investment Management, LLC; Dimensional Fund Advisers; and MFC Global Investment Management (U.S.A.) Limited.
The John Hancock Lifecycle Portfolios are comprised of a series of eight target-date mutual funds, plus a Retirement Portfolio. Investors choose to invest in a particular Lifecycle portfolio based on their projected target date of retirement. John Hancock’s new portfolios are:
The ninth portfolio in the series, the John Hancock Retirement Portfolio, provides a unique option for investors who are in retirement. Employing active allocation and varying amounts of equity exposure, the Retirement Portfolio aims to provide investment stability throughout retirement, including during periods of market volatility. Its goal is to maintain a low probability of negative returns in any 12-month period. This consistent, long-term approach to capital preservation and growth is aimed at allowing investors to maintain a regular withdrawal rate over an extended period of time.
For more information, visit www.jhfunds.com.
John Hancock Funds is the mutual fund business unit of John Hancock Financial Services. John Hancock Financial Services is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$381 billion (US$341 billion) at September 30, 2006. 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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