Hancock Expands ETF Lineup With Five New, Smart Beta Funds
Asset management giant John Hancock significantly expanded its lineup of exchange traded funds Tuesday with the introduction of five multifactor sector ETFs, nearly doubling the size of its ETF offerings to 11 from six.
As is the case with its first six ETFs, which debuted last year, Hancock's newest additions are sub-advised by Dimensional Fund Advisors and follow multi-factor indexes provided by that firm.
The new Hancock ETFs are the John Hancock Multifactor Consumer Staples ETF (NYSE: JHMS), John Hancock Multifactor Energy ETF (NYSE: JHME), John Hancock Multifactor Industrials ETF (NYSE: JHMI), John Hancock Multifactor Materials ETF (NYSE: JHMA) and the John Hancock Multifactor Utilities ETF (NYSE: JHMU).
Those ETFs join consumer discretionary, financial services, healthcare and technology offerings from Hancock that also adhere to the Dimensional multi-factor methodology. Like its predecessors, Hancock's newest sector ETFs charge 0.5 percent a year, or $50 per $10,000 invested.
Hancock's sector ETFs focus on several factors (such as lower price, higher profitability and smaller market values) that research has proven can facilitate higher returns, according to Hancock.
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