John Hancock Adds 'R' Shares to Six Funds

August 5, 2003 ( - In an effort to lure more small-market retirement plan business, John Hancock Funds has added Class R shares to six of its strongest mutual funds

According to a Hancock news release, the funds adding R shares are the:

  • John Hancock Bond Fund
  • John Hancock Classic Value Fund
  • John Hancock Small Cap Equity Fund
  • John Hancock Sovereign Investors Fund
  • John Hancock Strategic Income Fund
  • John Hancock U.S. Global Leaders Fund.

The funds will be provided to broker/dealers, retirement platforms and third party administrators offering 401(k) plans, John Hancock said.

Class R shares are typically used in the small retirement plan market and have been launched by nearly 20 fund companies in the recent past, according to the announcement.