SLI has teamed with American company, John Hancock Mutual Funds in order to access the market and the new fund will be named the John Hancock Global Absolute Return Strategies Fund. It will be placed in the Speciality Fund Category of Hancock’s funds, with SLI providing portfolio management services as sub-adviser.
The fund will be offered both as a standalone member of the John Hancock family of retail funds, and will also be a component of the John Hancock Alternative Asset Allocation fund as well as several of the John Hancock Lifestyle funds.
Keith Skeoch, SLI chief executive said: “This agreement not only widens our distribution footprint in the US institutional and wholesale market but allows us to work with a leading distributor to help deliver potential for our global clients. In difficult current market and economic conditions, clients will now be able to benefit from Standard Life Investments’ investment expertise through John Hancock Funds.
“I believe that this is a really positive development for Standard Life Investments, John Hancock and our clients. It provides us with further access to the largest asset management market in the world, and is an important step in helping to extend our global franchise.”
