JOHN HANCOCK FUNDS INTRODUCES MULTI CAP GROWTH FUND
BOSTON, December 1, 2000--John Hancock Funds announced that it has introduced
the John Hancock Multi Cap Growth Fund, effective today. Using a bottom-up
fundamental stock-picking approach, the new fund invests in a wide spectrum
of growth-oriented stocks of companies of all sizes.
"We take the 'multi-cap' designation seriously. While a majority of the most
popular multi-cap growth funds are skewed towards larger companies, we plan
to stay true to our name by owning a more balanced mix," said lead portfolio
manager Anurag Pandit, who is also on the management team of the $1.7 billion
John Hancock Small Cap Growth Fund. "The John Hancock Multi Cap Growth Fund
offers one-stop shopping for investors looking for a well-rounded fund--one
that's not 'locked in' to any single industry, sector or market
capitalization," he added.
In addition to his experience with small cap stocks, Mr. Pandit has actively
managed a $50 million multi-cap portfolio for a John Hancock Funds
institutional client since 1996. In managing the new fund, Mr. Pandit also
draws upon the expertise of 12 other portfolio managers and analysts who
handle growth-style investing for the firm.
John Hancock Multi Cap Growth Fund offers Class A shares with a maximum
front-end sales charge of 5 percent, Class B shares with a maximum deferred
sales charge of 5 percent, and Class C shares with maximum front-end and
deferred sales charges totaling 2 percent. The minimum initial investment is
$1,000 for regular accounts or $250 for retirement accounts. The John
Hancock Multi Cap Growth Fund is part of the John Hancock family of more than
30 open-end mutual funds.
John Hancock Funds, a global investment management firm, manages more than
$30 billion in open-end funds, closed-end funds, private accounts, variable
annuities and retirement plans for individual and institutional investors.
John Hancock Funds is a wholly owned subsidiary of John Hancock Financial
Services, Inc. (NYSE: JHF). John Hancock and its affiliated companies
provide a broad array of insurance and investment products and services to
retail and institutional customers. As of September 30, 2000, John Hancock
Financial Services and its subsidiaries had total assets under management of
$127.8 billion.
For more complete information on any John Hancock fund, including charges and
expenses, please call 1-800-225-5291 for a complete prospectus. Please read
it carefully before you invest or send money.
John Hancock Funds, Inc., Boston, MA 02199. Member NASD.
