BOSTON, Feb. 3, 2014 /PRNewswire/ -- John Hancock Investments said that it closed the John Hancock Disciplined Value Mid Cap Fund (Class A: JVMAX; Class C: JVMCX; Class I: JVMIX; Class R4: JVMTX; Class R6: JVMRX) to new investors, effective at the close of business on January 31, 2014.
Existing shareholders will be eligible to purchase shares of the Fund, under certain circumstances. For details, please click here.
"The decision to close our Disciplined Value Mid Cap Fund was made in the best interests of our shareholders, as both John Hancock Investments and the portfolio management team at Robeco Boston Partners believe that capping the fund's assets will preserve the integrity of the investment process," said Andrew G. Arnott, President & CEO, John Hancock Investments. He added: "Closing the fund to most new money enables the managers to remain invested in what they consider to be their best ideas, without the burden of putting large amounts of cash to work immediately."
The John Hancock Disciplined Value Mid Cap Fund is managed by Steven Pollack, CFA, and Joseph Feeney, Jr., CFA, of Robeco Boston Partners. John Hancock adopted the fund on July 10, 2010. At December 31, 2013, assets under management in the Fund were $6.68 billion.
About John Hancock Investments
John Hancock Investments provides asset management services to individuals and institutions through a unique manager-of-managers approach. We combine unbiased asset management with vigorous investment oversight to offer investors a deeper level of diversification and proven results across asset classes. A wealth management business of John Hancock Financial, we managed more than $100 billion in assets as of September 30, 2013, across mutual funds, college savings plans, and retirement plans.
About John Hancock Financial and Manulife Financial
John Hancock Financial is a division of Manulife Financial, a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Operating as Manulife Financial in Canada and Asia, and primarily as John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were C$575 billion (US$559 billion) as at September 30, 2013. Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at manulife.com.
The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers and administers a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at johnhancock.com.
A fund's investment objectives, risks, charges and expenses should be considered carefully before investing. The prospectus includes this and other important information about the fund. To obtain a prospectus, call your financial professional, John Hancock Investments at 1-800-225-5291 or visit our Web Site at www.jhinvestments.com. Please read the prospectus carefully before investing or sending money.
SOURCE John Hancock Investments