Hancock's Mutual Funds Reach 'Record Sales Levels' in 2010
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Thursday, February 10, 2011

Hancock's Mutual Funds Reach 'Record Sales Levels' in 2010

John Hancock today said its mutual funds unit achieved record sales levels last year, trumping its 2009 campaign.

Jim Boyle, president of John Hancock Financial Services, said: "Record sales levels were achieved by John Hancock Mutual Funds, ending the year with full year sales of $9.7 billion, which were 48 per cent higher than the prior year."

John Hancock mutual funds sales were US$2.5 billion in the fourth quarter. The firm attributed the increase in sales in the fourth quarter and for the full year to a "broad diversified offering of competitive funds distributed through the retail, institutional and defined contribution-investment only channels as well as improved market conditions.

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