John Hancock launches international growth equity fund
John Hancock Funds has completed the adoption of the Turner International Growth Fund and has launched it as the newly established John Hancock International Growth Equity Fund.
The reorganisation became effective after the close of business on 11 January 2013, and the John Hancock International Growth Equity Fund is now available for sale to retail investors through their financial advisors.
"The addition of our International Growth Equity Fund expands the range of international equity fund offerings we can offer advisors and their clients," says Andrew G Arnott (pictured), president and chief executive, John Hancock Funds. "With its growth orientation, it is a further complement to our product line, which also includes our International Value Equity Fund (JIEAX), sub-advised by John Hancock Asset Management, and our International Core Fund (GIDEX), sub-advised by GMO. Turner pursues a bottom-up strategy that blends quantitative and qualitative analysis to find growth companies with superior earnings prospects, reasonable valuations, and favourable trading-volume and price patterns. Adopting this new fund further supports our strategy of offering mutual fund investors access to institutional expertise and products that would not otherwise be available to them.”
The John Hancock International Growth Equity Fund marks the firm’s 13th fund adoption since 2002.
The fund is an actively managed portfolio of approximately 60 to 80 international growth equity stocks with capitalisations generally greater than USD2bn. The fund's investment objective is long-term capital appreciation. The fund is designed to add value through superior stock selection, based on the output of extensive, industry-focused fundamental research. The goal of the investment process is to identify candidates for investment that are growth companies with above-average earnings prospects.
Mark Turner, president and co-founder of Turner Investments and senior portfolio manager/security analyst for the firm, is the portfolio manager. He has managed the fund since inception in January of 2007 and has more than 30 years of investment experience. Turner co-founded Turner Investments in 1990.
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