Today, Boston-based John Hancock Funds
introduced its new Natural Resources Fund
to retail investors. The fund will invest at least 80 percent of its net assets in equity and equity-related securities of natural resource-related companies. Wellington Management
, also based in Boston, will subadvise the fund. Wellington is one of the largest institutional managers of global natural resources and energy assets, and already serves as subadvisor for one other Hancock fund.
John Hancock Funds
serves as the distributor for the new fund. John Hancock Signature Services
is the transfer agent. State Street Bank and Trust Company
serves as the fund's custodian.
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