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

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

Rating:Hancock Reports an Uptick in Mutual Fund Sales Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, August 06, 2010

Hancock Reports an Uptick in Mutual Fund Sales

Reported by Hung Tran

John Hancock [see profile] mutual funds sales were US$2.4 billion in the second quarter, representing a 51 percent increase in sales over the second quarter of 2009. The firm attributed the jump to improved market conditions and a broad diversified offering of competitive funds.

As of the end of June, assets under management for JH Funds totaled US$28.4 billion, a 30 percent increase over the last 12 months. Jim Boyle, president, John Hancock Financial Services, stated, "Our U.S. Division performed well and in line with our plans and strategies in the face of significant continuing economic headwinds."

The John Hancock Lifestyle Portfolios offered through its mutual fund and 401(k) products led JH Funds sales with over US$669 million in the first six months of 2010, a 92 percent increase over the prior year. Lifecycle portfolios offered through the 401(k) products continue to have a strong presence, comprising 58 percent of deposits in the first six months of 2010, according to the firm.  

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

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q1
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:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use