John Hancock Funds has introduced two new fund-of-funds products: the John Hancock International Allocation Portfolio and the John Hancock Lifecycle Portfolios.
"Both new products demonstrate our expertise in engineering sophisticated asset allocation strategies, employing our multi-manager platform and our unique optimization process," says Bob Boyda, senior vice president, John Hancock Investment Management Services, which oversees investment activities in the two new portfolios.
The John Hancock International Allocation Portfolio offers investors exposure to the investing efforts of Templeton Global Advisors; Grantham, Mayo, Van Otterloo & Co.; Marsico Capital Management; Pzena Investment Management; Dimensional Fund Advisors; and MFC Global Investment Management (U.S.A.).
The John Hancock Lifecycle Portfolios include eight target-date mutual funds, plus a retirement portfolio, which aims to maintain a low probability of negative returns in any 12-month period.
Jackson National Life Insurance Company has launched a series of mutual funds that will be available to advisers through Jackson National Life Distributors. The new funds focus on long-term diversification and asset growth needs of investors as they plan for retirement.
"Jackson is committed to providing advisors with the products they need to help their clients achieve financial security in retirement," said Clifford Jack, executive vice president and chief distribution officer for Jackson. "With more than $10 trillion in assets, the retail mutual fund market continues to gain momentum, especially among baby boomers. The launch of the Jackson Funds enables us to diversify our product offering to advisors and capture a larger share of the retirement market."
Each new fund features a distinct asset allocation strategy: Jackson Perspective 5 Fund, the Jackson Perspective Optimized 5 Fund, the Jackson Perspective Index 5 Fund, the Jackson Perspective 10x10 Fund and the Jackson Perspective Money Market Fund.
"Our mutual fund initiative is designed to expand Jackson's customer base to include those individuals who may be focused on accumulating assets for retirement, yet may not be concerned with principal guarantees and death benefits," explains Steve Kluever, senior vice president, product and investment management for Jackson.