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
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
