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John Hancock launches John Hancock Global Absolute Return Strategies Fund (JHAAX)


The John Hancock Global Absolute Return Strategies Fund (JHAAX) is now available to investors through their financial advisers. Standard Life Investments of Edinburgh, Scotland, is providing portfolio management services as sub-adviser to the new Fund. The Fund’s investment adviser is John Hancock Investment Management Services, LLC (IMS).

The new fund will be offered both as a stand-alone member of the John Hancock family of retail funds, and will also be a component of the John Hancock Alternative Asset Allocation (JAAAX) fund as well as several of the John Hancock Lifestyle funds.

"Making the John Hancock Global Absolute Return Strategies Fund available to investors is the culmination of more than a year-long process, and represents yet another step in the evolution of alternatives investing at John Hancock Funds," says Keith F Hartstein (pictured), President & CEO, John Hancock Funds.

"The extensive research and due diligence process by John Hancock IMS identified several different potential sub-advisers. After numerous discussions and multiple in-person visits to Standard Life Investments’ home office, we chose that firm, which we believe to be one of the world’s premier managers of absolute return strategies, with more than USD19 billion in assets under management in their global absolute return strategies says Andrew Arnott, Executive Vice President of John Hancock IMS. "Standard Life Investments may not be a household name here in the US, but they are very well known and respected in the UK."

Hartstein says: "Few people realise that John Hancock is the nation’s largest manager of target-risk asset allocation funds-of-funds, with more than USD64 billion in assets under management (as of 30 November, 2011). John Hancock has included alternative strategies as components of our target risk Lifestyle funds since their inception in 1998.

A few years ago we began offering many of those component funds as stand-alone offerings within our retail fund family. Examples include two funds sub-advised by Wellington Asset Management — the John Hancock Technical Opportunities Fund (JTCAX), launched in August of 2009, and the John Hancock Natural Resources Fund (JNRAX), launched in January of 2010 — as well as the John Hancock Currency Strategies Fund (JCUAX), launched in August of 2010 and sub-advised by First Quadrant, and now the John Hancock Global Absolute Return Strategies Fund."

"The allocation to GARS within our fund-of-funds is designed to further diversify those funds’ asset allocation mix to include strategies that attempt to provide uncorrelated returns and lower volatility compared to the broader market," says Bob Boyda, Senior Portfolio Manager and Head of Global Asset Allocation, with John Hancock’s Portfolio Solutions Group.

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