BOSTON, Dec. 9, 2019 /PRNewswire/ - John Hancock
Advisers, LLC today announced an update to the portfolio management
team for the John Hancock Financial Opportunities Fund (NYSE: BTO)
(the "Fund"), a closed-end fund managed by John Hancock Advisers,
LLC (the "Adviser") and subadvised by Manulife Investment
Management LLP (the "Subadviser").
Today, Lisa Welch announced her
intention to retire on June 1, 2020.
Over the coming months she will continue to manage the portfolio
and work closely with the investment team to ensure a smooth
transition of management responsibility. Portfolio managers
Ryan Lentell and Susan Curry will continue to manage the
Fund.
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 a 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 Financial and Manulife Financial
John Hancock is a division of
Manulife Financial Corporation, a leading international financial
services group that helps people achieve their dreams and
aspirations by putting customers' needs first and providing the
right advice and solutions. We operate primarily as John Hancock in the
United States and as Manulife elsewhere. We provide
financial advice, insurance, and wealth and asset management
solutions for individuals, groups, and institutions. Assets under
management and administration by Manulife and its subsidiaries were
over CAD$1.1 trillion (US$877 billion) as of June
30, 2019. Manulife Financial Corporation trades as MFC on
the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be
found at manulife.com.
One of the largest life insurers in the United States, John Hancock supports approximately 10 million
Americans with a broad range of financial products, including life
insurance, annuities, investments, 401(k) plans, and education
savings plans. Additional information about John Hancock may be found at
johnhancock.com.
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SOURCE John Hancock Investment Management