John Hancock Funds’ new Natural Resources Fund is now available for sale to retail investors through their financial advisers.
Under normal market conditions, the fund will invest at least 80 per cent of its net assets in equity and equity-related securities of natural resource-related companies worldwide, including emerging markets.
Natural resource-related companies include companies that own or develop energy, metals, forest products and other natural resources, or that supply goods and services to such companies.
"We’re pleased to launch this new fund as a way for investors to diversify their holdings in the alternative space, which may also help hedge against rising inflation in future years," says Keith F. Hartstein (pictured), president and chief executive of John Hancock Funds. "Our Natural Resources Fund leverages the global proprietary investment resources of Wellington Management, the sub-adviser, which is one of the largest institutional managers of global natural resources and energy assets."
The fund seeks companies that exhibit the following characteristics: quality assets, defined as low cost and difficult to replace; proven management teams with a demonstrated ability to deploy capital efficiently; and compelling valuations, based on a long term view of the total asset portfolio and/or taking advantage of the cycle to be contrarian.
The Natural Resources Fund is the second John Hancock fund to be sub-advised by Wellington Management.