John Hancock Funds has launched the John Hancock Strategic Income Opportunities Fund, an unconstrained version of the John Hancock Strategic Income Fund.

“We already had a very strong fixed income product line,” said John Hancock President and CEO Keith F. Hartstein. “More than 80% of our fixed income funds have outperformed their Lipper peers over the three-, five- and 10-year periods ended Dec. 31, 2009. With this addition, we’re leveraging the capabilities of [sub-advisor] MFC Global Investment Management to offer investors an intriguing option to help diversify the fixed income portion of their portfolios.”

The fund can invest up to 80% in U.S. dollar-denominated or non-U.S. currency corporate and government fixed income, securities, domestic high-yield bonds and investment-grade corporate bonds, and currently instruments. The new fund also has the ability to take on greater exposure to foreign currencies and bonds.

“We believe strong, consistent returns can be generated by investing in a portfolio of domestic, foreign government and corporate bonds and currencies, including emerging markets and high-yield securities,” said Daniel Janis III, lead portfolio manager. “By expanding the investment universe to include multiple sectors, we believe we increase our potential to add value while diversifying risk.”

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