Staying on the Straight and Narrow
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Thursday, June 20, 2002

Staying on the Straight and Narrow

John Hancock Funds is unveiling a new service, a spokesperson with the firm told the The new offering is an asset allocation and automatic rebalance service.

"The service is designed to help investors maintain their long-term investing goals. Too often, a portfolio becomes top-heavy with the year's best performing funds and too light with the year's underperforming funds. If you look at 1999, people were top-heavy in tech funds and that became a disaster for them," the spokesperson reported.

The service is offered to any customer whose aggregate portfolio is at least $20,000 with each fund in that portfolio having a minimum of $1,000.

Investors can decide to have their portfolio rebalanced on a quarterly, semi-annually, annually or on-demand basis. The maximum number of reallocations is seven times per year.

"The system is completely automatic. The shareholders just needs to tell us how often they want their portfolios rebalanced, and we do the rest. They need never get involved again," the official contended.

Hancock's funds are sold on a load basis, so its financial advisors would be responsible for getting the word out. The new system is offered through Hancock's Signature Portfolio program.

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