This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

John Hancock Investments Posts Breakout Year In 2013

Stocks in this article: MFC

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. 

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs