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

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

Rating:Staying on the Straight and Narrow Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, June 20, 2002

Staying on the Straight and Narrow

by: Tony Pennino

John Hancock Funds is unveiling a new service, a spokesperson with the firm told the MutualFundwire.com. The new offering is an asset allocation and automatic rebalance service.

"The service is designed to help investors maintain their long-term investing goals. Too often, a portfolio becomes top-heavy with the year's best performing funds and too light with the year's underperforming funds. If you look at 1999, people were top-heavy in tech funds and that became a disaster for them," the spokesperson reported.

The service is offered to any customer whose aggregate portfolio is at least $20,000 with each fund in that portfolio having a minimum of $1,000.

Investors can decide to have their portfolio rebalanced on a quarterly, semi-annually, annually or on-demand basis. The maximum number of reallocations is seven times per year.

"The system is completely automatic. The shareholders just needs to tell us how often they want their portfolios rebalanced, and we do the rest. They need never get involved again," the official contended.

Hancock's funds are sold on a load basis, so its financial advisors would be responsible for getting the word out. The new system is offered through Hancock's Signature Portfolio program.  

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
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. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use