BOSTON, June 26, 2013 /PRNewswire/ -- John Hancock Advisers, LLC today announced changes to the portfolio management team of the John Hancock Investors Trust (NYSE: JHI). JHI is managed by a team of portfolio managers from John Hancock Asset Management a division of Manulife Asset Management (US) LLC ("John Hancock Asset Management").
Effective July 1, 2013, John F. Addeo, CFA, and Dennis F. McCafferty, CFA, will join the portfolio management team of JHI. John Iles is retiring and, effective July 1, 2013, he will no longer serve as a portfolio manager of JHI. Jeffrey N. Given, CFA, who has served on the portfolio management team since 2002, will continue to serve as a portfolio manager of JHI.
Jeffrey Given is a senior managing director and senior portfolio manager at John Hancock Asset Management. He has over 20 years of investment experience and currently manages other John Hancock Funds. He has a B.A. from Boston University and an M.S. from Boston College.
John Addeo is a managing director and portfolio manager at John Hancock Asset Management. He joined the firm in 2012 and has over 29 years of investment experience. Prior to joining the firm, Mr. Addeo was with MFS Investment Management, where he held various portfolio management/analyst roles, most recently as an investment officer for the high-yield bond group. He has also held high-yield analyst roles at Eaton Vance and Keystone Investments. Mr. Addeo has a B.S. from Siena College.
Dennis McCafferty is a managing director and portfolio manager at John Hancock Asset Management. He joined the firm in 2008 and has over 18 years of investment experience. Prior to joining the firm, he was a principal and senior analyst at Pardus Capital Management and held analyst roles at Griffen-Rose and W.R. Huff Asset Management. Mr. McCafferty has a B.S. from The College of New Jersey and an M.B.A. from Villanova University.
Statements in this press release that are not historical facts are forward-looking statements as defined by the United States securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors which are, in some cases, beyond the Fund's control and could cause actual results to differ materially from those set forth in the forward-looking statements.
An investor should consider a Fund's investment objectives, risks, charges and expenses carefully before investing.
About John Hancock Mutual Funds
The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Mutual Funds, managed more than $91 billion in open-end funds, closed-end funds, college savings plans, retirement plans, and related party assets for individual and institutional investors as of March 31, 2013.
About John Hancock Financial Services, Inc. and Manulife Financial Corporation
John Hancock Financial is a division of Manulife Financial, a leading Canada-based financial services group with principal operations in Asia, Canada, and the United States. Operating as Manulife Financial in Canada and Asia, and primarily as John Hancock in the United States, the company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents, and distribution partners. Funds under management by Manulife Financial and its subsidiaries were $555 billion (US$547 billion) as of March 31, 2013.
Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife Financial can be found online at manulife.com.
The John Hancock unit, through its insurance companies, is one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at johnhancock.com.
SOURCE John Hancock Funds