John Hancock now offering Credit Opportunities, Global High Yield funds to retail investors

By Tali David

Minneapolis, May 23 - John Hancock Funds announced that the John Hancock Short Duration Credit Opportunities Fund and the John Hancock Global High Yield Fund are now available to retail investors, according to a press release.

For the past three and a half years, the funds were available to investors only through John Hancock's 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," president and chief executive officer Andrew G. Arnott said in the release.

"The funds, managed by Stone Harbor - a premier global credit and fixed income asset allocation manager - exemplify John Hancock's culture of putting investors first, and our 'best of breed, manager of managers' model."

The credit opportunities fund allocates across 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. As stated in a prospectus, the fund will maintain an average duration of about three years or less.

The high-yield fund offers investors a combination of emerging markets and high-yield debt, which together have historically provided an attractive source of yield and a low level of correlation to traditional fixed-income asset classes.

Stone Harbor Investment Partners LP, a New York-based institutional fixed-income investment firm, manages the funds.

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