John Hancock said that the new fund is a multi-managed fund that includes as managers of its underlying funds such asset management firms as Pacific Investment Management Company (PIMCO), Wellington Management, Dimensional Fund Advisors, Stone Harbor, Deutsche Asset Management, First Quadrant, and John Hancock Asset Management.
According to the John Hancock, the fund invests in other funds and investment companies that focus alternative asset classes including global real estate, commodities, natural resource equities, and emerging market debt.
In addition, the fund invests in absolute return funds as well as funds that utilize highly flexible investment strategies to generate alpha.
John Hancock Funds president and CEO Keith Hartstein said wth this new fund, we help simplify a financial advisor’s decision-making process by offering a multi-manager product that is diversified across asset classes. This new fund is a direct result of the company’s expertise in offering fund of funds sub-advised by a roster of world-class asset managers.
The fund will be managed by the Portfolio Solutions Group (PSG) within John Hancock Asset Management, the sub-adviser to the new fund and a division of Manulife Asset Management.
PSG will be led by Bruce Speca, head of Global Asset Allocation, and Bob Boyda and Steve Medina, both senior portfolio managers. They direct the fund’s investment in underlying funds managed by sub-advisor firms.
PSG manages all of John Hancock’s asset allocation portfolios globally, which comprise 109 funds and $90bn in assets under management, including more than $75bn in target risk and target date funds.
John Hancock Financial is a unit of Manulife Financial, a Canadian-based financial services group with operations in 22 countries and territories.
