BOSTON John Hancock Funds has introduced the John Hancock Multi-Cap Growth Fund, which is to invest in a variety of growth-oriented stocks of companies of all sizes.
The funds lead portfolio manager is to be Anurag Pandit, who is also on the management team of the $1.7 billion John Hancock Small-Cap Growth Fund.
The fund that was launched Friday offers Class A shares with a maximum front-end sales charge of 5%, Class B shares with a maximum deferred sales charge of 5%, and Class C shares with maximum front-end and deferred sales charges totaling 2%. The minimum initial investment is $1,000 for regular accounts or $250 for retirement accounts.
John Hancock Funds is a wholly owned subsidiary of John Hancock Financial Services Inc., which sells an array of insurance and investment products and services to retail and institutional customers and has total assets under management of $127.8 billion.