NU Online News Service, Jan. 14, 2:13 p.m. – John Hancock Funds, Boston, is setting up a new mutual fund, the John Hancock Large Cap Spectrum Fund.
The fund will invest in many different types of big companies, including those that appear to be poised for growth and those that appear to have under-valued stock.
The fund will begin by investing 25% of the portfolio in what the managers believe to be value stocks, 50% in what appear to be core stocks, and 25% in what appear to be growth stocks, the company says.
Money managers from Alliance Capital Management L.P., New York, will help manage the growth and value assets, Hancock Funds says.
