Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Portfolio > Mutual Funds

Hancock Acquires Global Growth Fund

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, May 20, 3:53 p.m. – John Hancock Financial Services Inc., Boston, says its John Hancock Funds unit has completed acquiring the assets and shareholder base of the U.S. Global Leaders Growth Fund from Yeager, Wood & Marshall Inc., New York, an independent investment advisory firm.

Shareholders of the U.S. Global Leaders Growth Fund voted to approve the deal May 8 at a special shareholder meeting.

The fund, which controls about $124 million in assets, is an open-end mutual fund that seeks long-term capital growth by investing in global growth stocks.

Starting today, the U.S. Global Leaders Growth Fund will become part of the John Hancock family of funds and adopt a new name, the John Hancock U.S. Global Leaders Growth Fund.

Yeager, Wood & Marshall will continue to manage the fund under a subadvisory agreement, Hancock says.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.