John Hancock Funds today announced that the John Hancock Short Duration Credit Opportunities Fund (JMBAX, JMBIX) and the John Hancock Global High Yield Fund (Class A: JYGAX, JYGIX) are now available to retail investors.
For the past three and a half years, the funds were available to investors only through John Hancock's asset allocation strategies, according to the firm. The Short Duration Credit Fund bets on a wide range of segments in the global fixed-income marketplace, including investment grade bonds, high yield debt, floating rate loans, and emerging markets debt. The Global High Yield Fund bets on a combination of emerging markets and high yield debt.
The funds are managed by Stone Harbor Investment Partners, a global institutional fixed income investment firm based in New York specializing in credit and asset allocation strategies.
"With the wider availability of these two funds, we are deepening the range of fixed income asset management solutions we are able to offer investors," stated Andrew Arnott, president and chief executive officer, John Hancock Funds.