John Hancock opened its Multi Cap Growth Fund today.

The new fund especially benefits investors who have already invested in a large cap fund but are looking for broader diversification.

"The John Hancock Multi Cap Growth Fund offers one-stop shopping for investors looking for a well-rounded fund--one that's not `locked in' to any single industry, sector or market capitalization," said lead portfolio manager Anurag Pandit.

Pandit criticized other funds in the multi-cap growth category which lean towards large cap, rather than carrying balanced portfolios. In contrast, John Hancock's new fund emphasizes truly proportional investing, therefore fitting better into investors' goals.

Furthermore, John Hancock aims to reach investors who have a less focused strategy.

"They're not sure if large caps are going to outperform small or small are going to outperform large," said John Hancock spokeswoman Liz Kennedy. "It takes the guesswork out for the investor."

Kennedy also mentioned that, because of category trends, its multi cap fund will perform differently from its peers. While this will be a boon when large caps lag, the opposite can also happen. Kennedy said that Pandit plans on minimizing these performance discrepancies in his investment strategy.

The fund offers A- and B- class shares capped at five percent and C-class with a two percent max. The basic management fee across all classes is seventy-five basis points. 

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