John Hancock launched five lifestyle portfolios Tuesday, with $15 billion in assets being shifted from existing lifestyle assets.

The new John Hancock Lifestyle Portfolios consist of conservative, moderate, balanced, growth and aggressive funds, with the conservative portfolio 20% invested in equities and the aggressive fund 100% invested in equities. The funds employ an ongoing process for selection of 47 underlying fund managers, asset class selection, fund manager optimization and ongoing monitoring.

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