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Thursday, September 03, 2009

Hancock Has an ETF Itch

News summary by MFWire's editors

Yet another asset manager wants in on the ETF action. On August 21 John Hancock Advisers, John Hancock Investment Management Services and MFC Global Investment Management (all part of the Manulife) filed with the SEC to create a series of index-based exchange-traded funds, utilizing both foreign and domestic securities. (Each member of the trio would serve as an adviser to one of the new funds.)

The filing does not reveal the branding of the proposed ETFs, nor does it identify which indexes the ETFs would track.

IndexUniverse's Heather Bell first broke the news of Hancock's move. 

Edited by: Neil Anderson, Managing Editor

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