John Hancock Funds of Boston announced that it has formed a joint venture with Indocam Asset Management of Paris that will develop and distribute investment management products for the Japanese domestic market.

Hancock has taken a 25 percent stake in Indocam Japan Ltd. of Tokyo, Hancock said in a statement. Indocam Asset Management holds the remaining 75 percent stake in the 13-year-old company, said Susan Bishop, a spokesperson for Hancock. Hancock declined to provide details about the financial arrangements between the two firms.

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