John Hancock Retirement Plan Services has launched a family of nine asset-allocation funds.
Processing Content
The John Hancock Lifecycle Portfolios feature eight target-date funds and the Retirement Portfolio, which "aims to provide more investment stability throughout retirement in volatile markets by maintaining a low probability of negative returns in any 12-month period," the Boston company said Tuesday in a press release.
The funds are available to participants through Hancock's 401(k) plans.
Hancock, a Manulife Financial Corp. unit, had $40.1 billion of lifestyle, target risk assets under management as of Sept. 30. Manulife had $341 billion of assets under management on Sept. 30.
