John Hancock Funds has asked shareholders of a global bond fund to move their assets into a larger fixed-income portfolio that has a broader investment strategy.
Shareholders of the John Hancock World Bond Fund, which has $36 million of assets under management and was closed to new investors last week, are to vote Feb. 10 on whether to merge the portfolio with the John Hancock Strategic Income Fund.
The Strategic Income Fund, which invests in high-yield U.S. corporate, U.S. government, and foreign bonds, has $1.1 billion under management.
Two other John Hancock fixed-income funds completed their merger Dec. 4. The John Hancock Government Income Fund, which had $396 million of assets under management, absorbed the $496 million of assets previously managed in the John Hancock Sovereign U.S. Government Income Fund.