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United States : John Hancock Investments Lowers Fees on Five Funds

July 3, 2014

John Hancock Investments announced expense reductions on five mutual funds that together span a range of asset classes. Advisory fees have been reduced and/or breakpoints added on John Hancock Floating Rate Income Fund (Class A: JFIAX), John Hancock Global Income Fund (Class A: JYGAX), John Hancock Strategic Income Opportunities Fund (Class A: JIPAX), John Hancock Financial Industries Fund (Class A: FIDAX), and John Hancock Global Absolute Return Strategies Fund (Class A: JHAAX).

We recognize the importance of being competitively priced and continue to focus on lowering expenses these actions are the latest result of that effort, said 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 realize 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 lineup over the last few years. Additional details of these new expense reductions can be found in the funds prospectuses, as supplemented.

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Source: TendersInfo (India)

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