John Hancock Launches Lifecycle Portfolios
BOSTON, MA, November 14, 2006 -- John Hancock Retirement Plan Services announced today that nine new asset allocation funds have been added to its investment lineup. John Hancock Lifecycle Portfolios feature eight target date funds and the Retirement Portfolio. The Lifecycle Portfolios will be an option available to participants through John Hancock 401k plans.
Offering smart, simple solutions to help Americans reach their retirement goals, Lifecycle funds aim to make investing easier. Participants' investment decisions can be guided simply by their choice of retirement date.
"We've taken the time to get it right," said Bob Boyda, Senior Vice President, John Hancock Investment Management Services, which oversees investment activities in the Lifecycle Portfolios. "We started with what our participants would need when they retire and then engineered our asset allocation strategy from that point," he explained. "We believe our multi-manager platform and optimization process offer unique advantages in the asset allocation market."
"We offer participants simplicity and provide plan sponsors with convenient investment options that work for their participants," explained Ed Eng, Senior Vice President, Product Development, John Hancock Retirement Plan Services. "Our research has shown that many participants feel they lack investment knowledge. Even when participants understand the importance of asset allocation and diversification they simply may not have the resources, inclination or time to manage their investments. John Hancock has a proven track record in asset allocation funds -- this new option makes it even easier for participants."
John Hancock is a leader in the asset allocation market, providing participants with results, choice and simplicity. With more than $40.1 billion in Lifestyle, or target risk, assets under management (as of September 30, 2006), John Hancock is one of the largest lifestyle providers in the US market and one of the top providers using a multi-manager approach. John Hancock's rigorous quantitative and qualitative analysis, continuous scrutiny of underlying funds and multi-manager approach provide unique, disciplined and sophisticated investment management. Other features of this proprietary process include double optimization for asset class and manager selection coupled with stringent ongoing review and rebalancing of underlying funds. The new Lifecycle Portfolios use this rigorous process.
As part of the Lifecycle Portfolio suite, John Hancock will also offer a Retirement Portfolio. With the Retirement Portfolio, John Hancock employs its asset allocation expertise to provide a unique investment option after retirement. The structure of the Retirement Portfolio reflects John Hancock's view that asset allocation in retirement, and equity exposure in particular, cannot be static. The Retirement Portfolio aims to provide more investment stability throughout retirement in volatile markets. Its goal is to maintain a low probability of negative returns in any 12-month period. While there is no guarantee that any investment strategy will achieve its objectives this consistent, long-term approach to capital preservation and growth is aimed at allowing clients to maintain a regular withdrawal rate over an extended period of time.
New asset allocation funds include:
John Hancock Retirement Portfolio
John Hancock Lifecycle 2045
John Hancock Lifecycle 2040
John Hancock Lifecycle 2035
John Hancock Lifecycle 2030
John Hancock Lifecycle 2025
John Hancock Lifecycle 2020
John Hancock Lifecycle 2015
John Hancock Lifecycle 2010
About John Hancock and Manulife Financial
John Hancock is a unit of Manulife Financial Corporation (the Company), a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$381 billion (US$341 billion) as at September 30, 2006.
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