New York (HedgeCo.net) – Hedge fund manager John Hancock Funds has completed the adoption of the Robeco Boston Partners Mid Cap Value Fund and has launched it as the newly established John Hancock Disciplined Value Mid Cap Fund (JVMAX).
“We’re pleased to launch Disciplined Value Mid Cap as a way to offer investors a distinct mid cap value offering with a strong long term track record and attractive risk-adjusted returns,” said Keith F. Hartstein, President & CEO, John Hancock Funds. “This new Fund is an extension of our existing exclusive partnership with Robeco Boston Partners, which further supports our strategy of offering shareholders access to institutional expertise and products that would not otherwise be available to retail investors.”
He added: “Disciplined Value Mid Cap marks our 11th fund adoption in eight years. Adoptions have played a key role in recent years in our growth strategy, and will continue to be important for us going forward.”
“Our new Disciplined Value Mid Cap fund is a further complement to our product line,” said Andrew Arnott, Executive Vice President. “The new Fund is a fundamental value approach and differs from our other mid cap value offering, the John Hancock Value Opportunities Fund, sub-advised by GMO, which is based on a quantitative methodology.”
Robeco Boston Partners also manages the John Hancock Disciplined Value Fund (JVLAX) which was adopted in 2008.
Mark Donovan, Chairman of the Robeco Boston Partners Equity Strategy Committee and the firm’s Co-CEO said, “Partnering with Hancock has enabled us to remain focused on our core strength, value investing, while having the benefits of their strong and experienced distribution capabilities.” He noted that the John Hancock Disciplined Value Fund has seen an increase in assets from around $40 million when the Fund was adopted 18 months ago to about $655 million today.
The John Hancock Disciplined Value Mid Cap Fund seeks to provide long-term growth of capital by investing at least 80 percent of its net assets in a diversified portfolio of equity securities of issuers with medium market capitalizations and identified by Robeco Boston Partners as having value characteristics. A medium market capitalization issuer generally is considered to be one whose market capitalization is, at the time the Fund makes the investment, similar to the market capitalization of companies in the Russell Midcap Value Index, which is comprised of those companies in the Russell Midcap® Index with lower price to book ratios and lower forecasted growth values and with a market capitalization range, as of March 31, 2010, between $223 million and $17.95 billion. The Fund’s portfolio will be managed on a day-to-day basis by Robeco Boston Partners.
Editing by Alex Akesson
For HedgeCo.net
alex@hedgeco.net
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