John Hancock unveiled the John Hancock Large Cap Spectrum Fund today as an answer to investors looking for a little bit of everything.
The fund will invest in all styles of large-cap stocks ranging from growth and core stocks to value stocks, the company said. "John Hancock Large Cap Spectrum Fund is our way of providing investors with continuous exposure to the full spectrum of growth, value and everything in between," said Keith Hartstein, head of sales and marketing at John Hancock.
The fund will rely on Alliance Capital to run the funds large-cap growth and value stocks and John Hancock will use proprietary managers to run the core holdings, the company said.
The fund will be offered for an initial period lasting from today through Feb. 22. Class A shares will include an up-front load of 5%, class B shares will have a maximum deferred sales charge of 5% and class C shares will have a maximum front end load of 1% with an additional deferred sales charge of 1%.
As of Sept. 30, 2001, John Hancock and its subsidiaries had $118.8 billion in assets under management, according to the company.