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Hancock Adds Lifestyle Funds To 529 Menu

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A company is giving purchasers of college savings plans a choice of 3 risk-adjusted investment options.

John Hancock, Boston, a unit of Manulife Financial Corp., Toronto, says it will add growth, balanced and moderate lifestyle portfolios to the John Hancock Freedom 529 product.

The new Lifestyle 529 portfolios are available in the A, B and C2 share classes.

The portfolios invest in other Hancock portfolios.

The managers of the growth portfolio put about 80% of its assets in stock. Managers have about 60% of the balanced portfolio assets in stock and 40% of the moderate portfolio assets in stock.