John Hancock Funds, a division of John Hancock Financial Services, is expanding its product line with two new fund-of-funds products, the John Hancock International Allocation Portfolio and the John Hancock Lifestyle Portfolio.

The first fund invests in international equity funds managed by a variety of asset management firms and offers geographical diversification. The second fund is made up of eight target-date mutual funds, plus a retirement portfolio. Investors decide on a particular lifestyle portfolio based on their anticipated target date for retirement.

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