John Hancock Funds is launching a new large-cap fund, the John Hancock Large Cap Spectrum Fund. The fund will invest in stocks across the large cap spectrum including growth, core, and value.

25% of the portfolio will be invested in value stocks, 50% in core, and 25% in growth.

The firm has tapped a competitor, Alliance Capital Management, to manage the growth and value portions of the fund. A team from Hancock -- James Yu and Roger Hamilton -- will manage he core portion of the fund. 

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