Jan. 21, 2014
/PRNewswire/ -- John Hancock Investments today announced the launch of two innovative mutual funds targeting lower-volatility equity strategies designed to provide attractive risk-adjusted returns. John Hancock Seaport Fund employs a long/short, multi-sleeve equity strategy similar to a hedge fund-of-funds to pursue a more favorable risk/return profile than global equities. John Hancock Enduring Equity Fund invests in companies around the world with long-lived physical assets and competitive advantages that may result in low levels of earnings volatility and offer the potential for dividend income and inflation protection.
"We see a clear need among investors and financial advisors for strategies that have the ability to participate in the market's upward trend but with less volatility along the way," said
Andrew G. Arnott
, President and CEO of John Hancock Investments. "Both new funds offer the potential for attractive risk-adjusted returns while seeking to minimize risk."
John Hancock Investments selected portfolio teams at Wellington Management Company, LLP, to manage both funds, furthering John Hancock's commitment to bringing institutional-level investments to individual investors.
"The new funds are managed by the same Wellington Management portfolio managers who run alternative investments on behalf of institutional clients," said
Leo M. Zerilli
, Head of Investments for John Hancock Investments. "We believe the portfolio managers we have selected are among the best in the industry for what we are trying to accomplish with these two new strategies. We have a more than 20-year relationship with Wellington Management, and over the years we've done significant due diligence on the firm and their investment professionals."
John Hancock Seaport Fund
(Class A: JSFBX) seeks capital appreciation by allocating assets to a number of investment strategies through which it will take both long and short positions. John Hancock Investments will allocate assets among several distinct
portfolio teams, with an initial allocation of 35 percent to diversified equity, 25 percent to healthcare, 20 percent to financial services, and 20 to percent technology. This initial allocation is likely to change over time.
"Our long experience overseeing both asset-allocation portfolios and alternative strategies makes us ideally suited to manage the strategy allocations in the pursuit of risk-adjusted returns," said Zerilli.