Second fund for Standard Life and John Hancock
Standard Life Investments has joined with John Hancock Investments to launch a new fund into the US.
The two companies announced last week that the new fund - the John Hancock Global Conservative Absolute Return Fund (GCAR) - had been placed in the Morningstar's Speciality Fund category.
Under the arrangement, Standard Life Investments will provide portfolio management services.
The two companies said the fund offered an alternative fixed income strategy designed to generate returns in a more turbulent rate environment.
The new product represents the second fund launched by John Hancock with Standard Life Investments as sub-adviser, with the first, the John Hancock Global Absolute Return Strategies Fund, launched in January last year.
Recommended for you
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
