BOSTON, Feb. 14, 2014 /PRNewswire/ -- John Hancock Investments, a wealth management business of John Hancock Financial, posted a breakout year in 2013. Full-year 2013 sales increased across all distribution channels, rising 79 percent over 2012, to $23.3 billion. In comparison, mutual fund industry overall sales in 2013 increased approximately 21 percent, with sales in the intermediary channel increasing approximately 20 percent.
John Hancock Investments' sales in the fourth quarter of 2013 were $5.6 billion, 49 percent higher than the prior year quarter. These strong sales results for the quarter and year helped propel John Hancock Investments' retail funds under management to $60.9 billion, a 44 percent increase from full-year 2012. Total assets under management across retail mutual funds, college savings plans, and retirement plans exceeded $111 billion at the end of 2013.
"We credit our strong business results to our manager of managers model and our commitment to placing our shareholders' interests first and foremost," said Andrew G. Arnott, President and CEO of John Hancock Investments. "Our business operates as an independent and well-resourced investment advisor. This means we are able to develop new funds and investment vehicles based on investor need, and then search the industry to find the portfolio manager team with the best specialized expertise and experience to manage shareholder assets. Our continuing momentum is also due to strong performance across asset classes, including those in high demand among investors today, such as alternatives, non-traditional fixed income and both international and domestic equity products."
Among firms in the intermediary channel that had sales greater than $10 billion in 2013, John Hancock Investments ranked second in terms of organic growth with a rate of 30 percent (Organic growth is defined as the ratio of net sales to beginning of year assets). [Source: Simfund data as of 11.30.2013]"Today we are one of the fastest-growing firms based on new mutual fund sales. We base our future growth plans on continuing to deliver real investment value for our shareholders, apply an unparalleled level of investment oversight and monitoring, operate with the highest ethical standards and transparency, and expand the potential of our distribution network to strengthen relationships with our partners," added Mr. Arnott.