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 |
|
Thursday, November 4, 2010 Hancock Rings Up $2.3 Billion in Fund Sales The folks at John Hancock Mutual Funds [see profile] are headed toward a record sales year. The Boston-based firm chalked up sales of $2.3 billion during the third quarter, up 26 percent from a year ago. Year-to-date sales totaled $7.2 billion, an increase of 55 percent from the same period last year. "Year-to-date sales in 2010 have exceeded full year 2009 sales and are on pace for a record year," Hancock officials said as part of parent company Manulife's earnings report released Thursday. Executives ascribed the sales figures to better market conditions and a "broad diversified offering of competitive funds distributed through the Retail, Institutional and Defined Contribution – Investment Only (DCIO) channels." Printed from: MFWire.com/story.asp?s=33936 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |