John Hancock [see profile]
plans to merge its Growth Opportunities Fund
into its Small Company Fund
In a regulatory filing
, CEO Keith Hartstein
told investors that: "The combined fund may be better positioned in the market to increase asset size and achieve economies of scale. The combination of these funds resulting from the reorganization may enable you to benefit from the ability to achieve better net prices on securities trades and spread fixed expenses in a manner that may contribute to a lower expense ratio in the long term than either fund would achieve separately."
The merger proposal will be presented for approval at a special shareholders meeting at John Hancock’s home office on March 23, 2011.
Stay ahead of the news ... Sign up for our email alerts now