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John Hancock launches Strategic Income Opportunities Fund


John Hancock Funds’ Strategic Income Opportunities Fund is now available for sale to retail investors through their financial advisers.

"The new fund is an ‘unconstrained’ version of our popular Strategic Income Fund," says Keith F. Hartstein, president and chief executive.

"We already had a very strong fixed income product line – more than 80 per cent of our fixed income funds have outperformed their Lipper peers over the three, five and ten-year periods ended 31 December 2009. With this addition, we’re leveraging the capabilities of MFC Global Investment Management to offer investors an intriguing option to help diversify the fixed income portion of their portfolios."

The John Hancock Strategic Income Opportunities Fund seeks a high level of current income by investing at least 80 per cent of its total assets in the following types of securities which may be denominated in US dollars or non-US currencies: foreign government and corporate debt securities from developed and emerging markets, US government and agency securities, domestic high-yield bonds and investment grade corporate bonds, and currency instruments.

The fund may also invest in preferred stock and other types of debt securities.

Compared with the John Hancock Strategic Income fund, the new Strategic Income Opportunities fund has the ability to take on greater exposure to foreign currencies, including non-G7 currencies.

It also is expected to have an increased exposure to foreign bonds (sovereign, supranational, other government, and corporate) to take further advantage of opportunities in those sectors. 

The new fund is managed by a team of portfolio managers at MFC Global Investment Management (US), the fund’s sub-adviser, under the supervision of John Hancock Advisers.

"We believe strong, consistent returns can be generated by investing in a portfolio of domestic, foreign government and corporate bonds and currencies, including emerging markets and high yield securities. By expanding the investment universe to include multiple sectors, we believe we increase our potential to add value while diversifying risk," says Daniel Janis III, lead portfolio manager.

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