John Hancock Investment Management Launches New Share Classes in Mid-Cap Growth Fund Under Advised by Wellington
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BOSTON, November 11, 2021 / PRNewswire / – John Hancock Investment Management, a Manulife Investment Management firm, today announced that John Hancock Mid Cap Growth Fund share classes A, C, I and R6 are available to investors. The availability of these share classes follows the completion of the merger of the John Hancock Mid Cap Stock Fund into the John Hancock Mid Cap Growth Fund (the Fund). The merger was approved at an extraordinary shareholders’ meeting held on October 6, 2021 and finished on October 15, 2021. The investment strategy, managed by Wellington Investment Management, is available to retail investors on a stand-alone basis only through the John Hancock Mid Cap Growth Fund.
The John Hancock Mid Cap Growth Fund seeks long-term growth and capital appreciation and invests at least 80% of its net assets (plus any borrowing for investment purposes) in equity securities of mid-sized companies with significant capital appreciation potential. The fund will continue to be managed by Mario E. Abularach, CFA, CMT, partner and equity portfolio manager and research analyst and Stephane Mortimer, Partner and Equity Portfolio Manager, Wellington Investment Management. Wellington has been the investment sub-advisor of the John Hancock Mid Cap Growth Fund since its inception and was also a sub-advisor of the acquired fund. The merger is not expected to result in any change in the investment objective or the main investment policies of the fund, nor in any substantial change in the investment strategy or the composition of the portfolio.
âWe thank our shareholders and the board of directors of John Hancock Funds for approving and recommending this merger. We also appreciate the investment expertise and trust of the Wellington team – which manages this strategy only for John Hancock Investment Management in the retail channel. ” said Andrew G. Arnott, CEO, John Hancock Investment Management and Head of Wealth and Asset Management, Manulife Investment Management, United States and Europe. “We believe the merger is in the best interest of our shareholders to create an opportunity for gross and net expense reduction and greater potential for asset growth.”
For more information on the John Hancock Mid Cap Growth Fund, click here.
About John Hancock Investment Management
A Manulife Investment Management company, we serve investors with a unique multi-manager approach, complementing our extensive in-house capabilities with an unrivaled network of specialist asset managers, backed by some of the most rigorous investment oversight in the industry. The result is a diverse range of proven investments by a leading asset manager with a heritage of financial stewardship.
About Manulife Investment Management
Manulife Investment Management is the global brand for the global wealth and asset management industry of Manulife Financial Corporation. We draw on over a century of financial stewardship and all of our parent company’s resources to serve individuals, institutions and pension plan members around the world. Based at Toronto, our cutting-edge capacities in public and private markets are reinforced by an investment footprint that covers 18 geographic areas. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We are committed to investing responsibly in all of our activities. We develop innovative global frameworks for sustainable investing, collaborate with the companies in our securities portfolios and maintain a high level of stewardship where we own and operate assets, and we believe in supporting financial well-being through of our workplace pension plans. Today, plan sponsors around the world rely on our expertise in pension administration and investment to help their employees plan, save and experience a better retirement.
From September 30, 2021, assets under management and administration of Manulife Investment Management, including assets under management for other segments of Manulife, totaled Canadian dollars. $ 1.1 trillion (WE $ 835 billion). Not all offers are available in all jurisdictions. For more information, please visit manulifeim.com.
The value of a company’s equity securities is subject to changes in the financial condition of the company and in general market and economic conditions. Events in the US and global financial markets, including actions taken by the US Federal Reserve or foreign central banks to stimulate or stabilize economic growth, can sometimes cause unusually high market volatility, which could have a negative impact. on performance. The stock prices of medium and small companies can change more frequently and dramatically than those of large companies. Foreign investment, especially in emerging markets, carries additional risks, such as currency and market volatility and political and social instability. In addition, when a fund concentrates its investments in certain sectors of the economy, its performance can be largely influenced by sector performance and could fluctuate more widely than if the fund were invested more equitably between sectors. Please see the fund prospectus for additional risks.
Â© 2021 John Hancock Investment Management. All rights reserved.
Request a prospectus or summary prospectus from your financial advisor, by visiting jhinvestments.com or by calling us at 800-225-5291. The prospectus includes investment objectives, risks, charges, expenses and other information which you should carefully consider before investing.
Statements in this press release that are not historical facts are forward-looking statements as defined by United States securities laws. You should exercise caution in interpreting and relying on forward-looking statements, as they are subject to uncertainties and other factors which, in some cases, are beyond the control of the Fund and could cause actual results to differ. substantially from those set forth in forward-looking statements. statements.
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SOURCE John Hancock Investment Management