TSX/NYSE/PSE:
MFC SEHK: 945
BOSTON, Nov. 11, 2021 /PRNewswire/ - John Hancock
Investment Management, a company of Manulife Investment Management,
today announced that share classes A, C, I & R6 of John Hancock
Mid Cap Growth Fund are available to investors. The availability of
these share classes follows the completion of the merger of John
Hancock Mid Cap Stock Fund into John Hancock Mid Cap Growth Fund
(the Fund). The merger was approved at a special meeting of
shareholders which took place on October 6,
2021 and completed on October 15,
2021. The investment strategy, managed by Wellington
Investment Management, is available to retail investors on a
standalone basis only through John Hancock Mid Cap Growth Fund.
John Hancock Mid Cap Growth Fund seeks long-term growth and
capital appreciation and invests at least 80% of its net assets
(plus any borrowings for investment purposes) in equity securities
of medium-sized companies with significant capital appreciation
potential. The fund will continue to be managed by Mario E. Abularach, CFA, CMT, Partner and Equity
Portfolio Manager and Research Analyst and Stephen Mortimer, Partner and Equity Portfolio
Manager, Wellington Investment Management. Wellington has been the investment subadvisor
of John Hancock Mid Cap Growth Fund since inception and was also
subadvisor of the acquired fund. The merger is not expected to
result in any change to the investment objective or principal
investment policies of the fund, or any substantial change in
investment strategy or portfolio composition.
"We're thankful to our shareholders and the John Hancock Funds
Board for approving and recommending this merger. We also
appreciate the investment expertise and confidence of the
Wellington team - who is managing
this strategy only for John Hancock Investment Management in the
retail channel." said Andrew G.
Arnott, CEO, John Hancock Investment Management and head of
wealth and asset management, Manulife Investment Management,
United States and Europe. "We believe the merger is in the best
interest of our shareholders to create opportunity for reductions
in gross and net expenses and greater potential for asset
growth."
For more information on John Hancock Mid Cap Growth Fund click
here.
About John Hancock Investment Management
A company of
Manulife Investment Management, we serve investors through a unique
multimanager approach, complementing our extensive in-house
capabilities with an unrivaled network of specialized asset
managers, backed by some of the most rigorous investment oversight
in the industry. The result is a diverse lineup of time-tested
investments from a premier asset manager with a heritage of
financial stewardship.
About Manulife Investment Management
Manulife
Investment Management is the global brand for the global wealth and
asset management segment of Manulife Financial Corporation. We draw
on more than a century of financial stewardship and the full
resources of our parent company to serve individuals, institutions,
and retirement plan members worldwide. Headquartered in
Toronto, our leading capabilities
in public and private markets are strengthened by an investment
footprint that spans 18 geographies. We complement these
capabilities by providing access to a network of unaffiliated asset
managers from around the world. We're committed to investing
responsibly across our businesses. We develop innovative global
frameworks for sustainable investing, collaboratively engage with
companies in our securities portfolios, and maintain a high
standard of stewardship where we own and operate assets, and we
believe in supporting financial well-being through our workplace
retirement plans. Today, plan sponsors around the world rely on our
retirement plan administration and investment expertise to help
their employees plan for, save for, and live a better
retirement.
As of September 30, 2021, Manulife
Investment Management's assets under management and administration,
including assets managed for Manulife's other segments, totaled CAD
$1.1 trillion (US $835 billion). Not all offerings are available in
all jurisdictions. For additional information, please visit
manulifeim.com.
The value of a company's equity securities is subject to
change in the company's financial condition and overall market and
economic conditions. Events in the U.S. and global financial
markets, including actions taken by the U.S. Federal Reserve or
foreign central banks to stimulate or stabilize economic growth,
may at times result in unusually high market volatility, which
could negatively impact performance. The stock prices of midsize
and small companies can change more frequently and dramatically
than those of large companies. Foreign investing, especially in
emerging markets, has additional risks, such as currency and market
volatility and political and social instability. In addition, when
a fund focuses its investments in certain sectors of the economy,
its performance may be driven largely by sector performance and
could fluctuate more widely than if the fund were invested more
evenly across sectors. Please see the fund's prospectus for
additional risks.
© 2021 John Hancock Investment Management. All rights
reserved.
Request a prospectus or summary prospectus from your
financial advisor, by visiting jhinvestments.com, or by calling us
at 800-225-5291. The prospectus includes investment objectives,
risks, fees, expenses, and other information that you should
consider carefully before investing.
Statements in this press release that are not historical
facts are forward-looking statements as defined by the United States securities laws. You should
exercise caution in interpreting and relying on forward-looking
statements because they are subject to uncertainties and other
factors which are, in some cases, beyond the Fund's control and
could cause actual results to differ materially from those set
forth in the forward-looking statements.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/john-hancock-investment-management-launches-new-share-classes-of-mid-cap-growth-fund-subadvised-by-wellington-301422636.html
SOURCE John Hancock Investment Management