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Monday, July 12, 2010|
Hancock Finishes its 11th Fund Adoption
John Hancock Funds has finished adopting the Robeco Boston Partners Mid Cap Fund and launched it as the John Hancock Disciplined Value Mid Cap Fund (JVMAX). This marks Hancock's 11th adoption in eight years. Adoptions will continue to play a key part in Hancock's strategy going forward, executives said.
The Disciplined Value Mid Cap Fund has $150 million of assets.
This is the second Robeco Boston Partners offering that Hancock has taken under its wing. In 2008, Hancock adopted the Robeco Boston Partners Large Cap Value Fund, which it launched as John Hancock Disciplined Value Fund (JVLAX) in January 2009. At the time of its adoption, the fund had less than $50 million of assets; as of Friday last week, AUM totaled $750 million.
"Our relationship with them is working out very well," said Andy Arnott, executive vice president at John Hancock Financial, in an interview with The MutualFundWire. "We're very happy with them as a sub-advisor."
As for future adoptions, Arnott declined to say who Hancock is currently talking to, but said the firm is looking at fundamentally managed international products. It is also looking at domestic products with above-market yields and is likewise having discussions in the alternative space.
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