Second fund for Standard Life and John Hancock
Standard Life Investments has joined with John Hancock Investments to launch a new fund into the US.
The two companies announced last week that the new fund - the John Hancock Global Conservative Absolute Return Fund (GCAR) - had been placed in the Morningstar's Speciality Fund category.
Under the arrangement, Standard Life Investments will provide portfolio management services.
The two companies said the fund offered an alternative fixed income strategy designed to generate returns in a more turbulent rate environment.
The new product represents the second fund launched by John Hancock with Standard Life Investments as sub-adviser, with the first, the John Hancock Global Absolute Return Strategies Fund, launched in January last year.
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