MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, July 10, 2006 Hancock Tries Winning Recipe on Largest Caps The success of John Hancock's $6.9 billion Classic Value Fund has prompted the company to repeat its sub-advisory model again and, now, a third time. The newest offer applies the same undervaluation-seeking method to a universe of "mega-cap" stocks from America's biggest corporations. The introduction of the Classic Value Fund II, which opened to investors Monday, follows the roll-out of the International Classic Value Fund at the end of February and brings Hancock's fund family to 51 open-end retail funds. In sub-advising the Classic Value II, New York-based Pzena Investment Management (PIM) will use the same team that manages the original Classic Value: Richard Pzena, John Goetz and Antonio De Spirito. The Classic Value II will select from among the 400 largest publicly traded companies in the country. In a press release, Hancock funds president and CEO Keith Hartstein pointed to a widespread belief that such "mega-cap" stocks are currently undervalued as reason why the timing might be ripe. Printed from: MFWire.com/story.asp?s=12182 Copyright 2006, InvestmentWires, Inc. All Rights Reserved |