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JOHN HANCOCK MUTUAL FUNDS LAUNCHES SPECIAL OPPORTUNITIES FUND

 BOSTON, Nov. 1 /PRNewswire/ -- John Hancock Mutual Funds introduced today a new fund that targets the most promising industry sectors of the market.
 John Hancock Special Opportunities Fund, an aggressive growth fund, concentrates on the industry sectors expected to show extraordinary growth in the upcoming business cycle. Within those sectors, the Fund selects the fastest-growing companies. The Fund's management team is led by Michael P. DiCarlo, portfolio manager of the top-performing Special Equities Fund.
 Unlike Special Equities, a small-cap stock fund, Special Opportunities can invest in companies of any size. However, it shares a similar growth-oriented investment strategy.
 "To start, we rank each industry sector based on expected earnings per share growth as well as current economic and business conditions," says DiCarlo. "Then, within roughly the top five groups, we pick the companies with the best potential for price appreciation, using a bottom- up approach."
 According to DiCarlo, his top sector picks right now are media/information, technology, telecommunications, leisure/recreation and financial services. But as market and economic conditions change, he will gradually adjust the sector selection.
 DiCarlo has been managing John Hancock Special Equities Fund since 1988. The $440 million fund, which closed to new investors on Sept. 3, was the number one small company stock fund for the three- and five-year periods ended Sept. 30, 1993. During the last five years, it posted an average annual return of 27.99 percent vs. 16.05 percent for the average small company stock fund, according to Lipper Analytical Services.(a)
 John Hancock Special Opportunities Fund offers Class A shares with a maximum front-end sales charges of 5.00 percent or Class B Shares with a maximum deferred sales charges of 5.00 percent. The minimum initial investment is $1,000 for regular accounts and $500 for retirement accounts.
 John Hancock Mutual Funds manages more than $9 billion in stock, bond and money market mutual funds for investors nationwide.
 NOTE: (a) As of Sept. 30, 1993, the average annualized returns on Class A shares for the 1-year, 5-year and period since inception in 1985 were 49.47 percent, 26.62 percent and 16.08 percent, respectively, and reflect payment of the maximum 5 percent sales charge. Cumulative total return since inception on March 1, 1993 for Class B shares was 23.81 percent and reflects the maximum 4 percent contingent deferred sales charge. Cumulative total return since inception on Sept. 1, 1993 for Class C shares was 4.03 percent.
 -0- 11/1/93
 /CONTACT: Bill Benintende, 617-375-1883, or Renee Lynch, 617-375-6807, both of John Hancock Financial Services/


CO: John Hancock Financial Services ST: Massachusetts IN: FIN SU:

JL-DJ -- NE007 -- 9067 11/01/93 10:43 EST
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Publication:PR Newswire
Date:Nov 1, 1993
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