John Hancock Funds on Monday announced the launch of the John Hancock Currency Strategies Fund, a fund that will make diversified investments in global currencies and that is managed by First Quadrant.

John Hancock said the fund is in direct response to new investor interests in the wake of the credit crisis and that it will continue to seek out non-correlated investments.

“Our recent product development initiatives have placed a premium on finding non-correlated investment strategies that can complement existing portfolios while offering a layer of diversification,” said John Hancock Funds President Keith F. Hartstein. “An example of this strategy was the launch earlier this year of the Strategic Income Opportunities Fund.”

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