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

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

Rating:Hancock Reveals a Jump in Sales and AUM Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, November 03, 2011

Hancock Reveals a Jump in Sales and AUM

News summary by MFWire's editors

Manulife today unveiled some positive numbers for its John Hancock Mutual Funds [see profile] business in the U.S [see earnings call transcript].

Specifically, the unit reported sales of US$2.9 billion in the third quarter, a 27 per cent increase over the third quarter of 2010. Year-to-date sales of US$10.0 billion through September 30 exceeded full year sales of US$9.7 billion in 2010. "The increase in sales was attributable to a diversified offering of competitive funds, with strong performance in the Institutional channel in the third quarter of 2011," according to the firm.

In addition, funds under management for JH Funds increased to US$33.4 billion as at September 30, 2011, a six per cent increase from September 30. However, the unit reported net redemptions in the third quarter of 2011 "as a result of the significant market volatility."

Reuters also covered the earnings release. 

Edited by: Hung Tran


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