Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Hancock Throws its Hat Into the Retirement Income Mutual Fund Arena Not Rated 4.0 Email Routing List Email & Route  Print Print
Friday, October 19, 2007

Hancock Throws its Hat Into the Retirement Income Mutual Fund Arena

Reported by Erin Kello

John Hancock is giving Fidelity and Vanguard a run for their money in the retirement income market. On October 12, Hancock filed with the SEC to launch two new mutual fund-based retirement income portfolios, the John Hancock Retirement Income Portfolio and the John Hancock Retirement Rising Income Portfolio.

Both portfolios are funds-of-funds which incorporate proprietary and non-proprietary funds into the mix.

The Retirement Income Portfolio will provide investors with a quarterly distribution of a percentage of net asset value.

The Retirement Rising Income Portfolio will also distribute a percentage of net asset value quarterly. However, with this fund, the distribution rate will be increased annually by the rate of inflation as measured by the average annual change in the Consumer Price Index over the prior three-year period ended on December 31 of each year.

Class A, B, and C shares will be offered for the Retirement Income Portfolio, with expense ratios of 135 bps, 205 bps, and 205 bps, respectively.

The Retirement Rising Income Portfolio will be offered in classes R, R1, R2, R3, R4, R5, with expense ratios of 190 bps, 165 bps, 140 bps, 155 bps, 125 bps, and 95 bps, respectively.

Vanguard announced on September 27 that it had filed with the SEC to launch retirement income funds. A week later, Fidelity announced that its fund have been approved by the SEC and are already available in the market.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

4.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use