John Hancock Funds, a unit of Manulife Financial Corp. of Toronto, has acquired a large-cap value fund from Robeco Boston Partners and renamed it the John Hancock Disciplined Value Fund.
The fund seeks to provide long-term capital growth, primarily through investment in equity securities, John Hancock said Monday. Current income is a secondary objective.
Under normal circumstances, the fund invests at least 80% of its net assets in a portfolio consisting primarily of securities from issuers with a market capitalization of at least $1 billion that have value characteristics, John Hancock said.
Robeco Boston Partners, a value equities specialist unit of the Rotterdam global fund manager Robeco Group, will continue to subadvise the fund.
As of Sept. 30, John Hancock Funds had more than $47.9 billion of assets under management in open-end funds, closed-end funds, private accounts, retirement plans, and related party assets for individual and institutional investors.
Manulife had $364 billion of assets under management as of Sept. 30.
