John Hancock Investments lowers fees on five funds
John Hancock Investments has reduced the fees on five of the firm’s mutual funds.
Advisory fees have been reduced and/or breakpoints added on John Hancock Floating Rate Income Fund, John Hancock Global Income Fund, John Hancock Strategic Income Opportunities Fund, John Hancock Financial Industries Fund and John Hancock Global Absolute Return Strategies Fund.
"We recognise the importance of being competitively priced and continue to focus on lowering expenses – these actions are the latest result of that effort," says Andrew G Arnott, president and CEO of John Hancock Investments. "Investors have rewarded our manager of managers approach in recent years, and as the funds realise economies of scale, we are committed to enhancing shareholder value."
These expense reductions follow additional reductions made in the John Hancock Freedom 529 Plan and 18 other fee reductions in the mutual fund line-up over the last few years.
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