John Hancock Investments has entered the Ucits fund business for the first time with the launch of a Dublin-domiciled platform.
The US giant, a manager of managers which runs $130 billion in assets, announced it will make available four of its investment strategies which until today were only available to US investors.
It aims to tap into the opportunities offered by the Ucits market, which is estimated to consist of more than $8 trillion in assets, according to the European Fund and Asset Management Association.
The four Ucits funds it will offer are targeted at non-US residents and are run by teams from Manulife Asset Management (who own John Hancock Investments) and GMO Europe. These funds include:
- John Hancock Strategic Income Opportunities - run by Daniel Janis, Thomas Goggins & Kisoo Park
- John Hancock High Yield - run by John Addeo, Dennis McAfferty & Joseph Rizzo
- John Hancock US Large Cap Equity - run by Emory Sander, Walter McCormick & Jonathan White
- John Hancock Global Equity - run by Paul Boyne & Douglas McGraw
As part of this move into the Ucits world, the group has hired industry veteran Angela Billick, who has nearly 20 years of international business development experience in Ucits, to lead the new product platform.
Commenting on the move, Andrew G. Arnott, John Hancock Investments' president and CEO, said: 'Our new Ucits platform is a natural continuation of the rapid growth we have experienced in the United States and a reflection of the strong demand we have received from our US broker/dealer partner firms for offshore funds that mirror some of our most popular US mutual funds.'
John Hancock Investments is run using a manager-of-managers approach, whereby the firm builds funds based on investor needs, then searches the globe for the best managers with proven track records to lead those funds.
The group has more than 165 professionals specializing in manager research and oversight, vetting over 250 investment strategies annually and overseeing relationships with 72 portfolio teams at 27 elite firms worldwide.