Last month, the Board of Trustees of John Hancock Funds II - International Opportunities Fund approved Invesco Advisers, Inc. as the new subadviser effective July 20, according to a Securities and Exchange Commission
Invesco will replace Marsico Capital Management, LLC as the subadviser to the fund.
In addition, the board also approved a plan to liquidate the $227 million fund in November. A firm spokesperson was not immediately available to comment on the fund’s liquidation.
The insurance products began 2024 in much the same way as 2022 and 2023: with record-breaking sales.
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