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Rating:Hancock Rings Up $2.3 Billion in Fund Sales Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, November 04, 2010

Hancock Rings Up $2.3 Billion in Fund Sales

Reported by Armie Margaret Lee

The folks at John Hancock Mutual Funds [see profile] are headed toward a record sales year. The Boston-based firm chalked up sales of $2.3 billion during the third quarter, up 26 percent from a year ago. Year-to-date sales totaled $7.2 billion, an increase of 55 percent from the same period last year.

"Year-to-date sales in 2010 have exceeded full year 2009 sales and are on pace for a record year," Hancock officials said as part of parent company Manulife's earnings report released Thursday.

Executives ascribed the sales figures to better market conditions and a "broad diversified offering of competitive funds distributed through the Retail, Institutional and Defined Contribution Investment Only (DCIO) channels." 

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