After changing subadvisors in 2019, John Hancock Multi-Asset Absolute Return altered the fund’s process but maintains its absolute return focus. Nordea, which assumed subadvisor duties from Aberdeen Standard Life in August 2019, is running the same strategy as in Nordea Stable Return, a European fund with an experienced and stable team and a disciplined approach to asset allocation. The fund’s cheapest share classes receive a Morningstar Analyst Rating of Bronze, while its other share class is rated Neutral.
Will JHASX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable JHASX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the JHASX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of JHASX’s parent organization’s priorities and whether they’re in line with investors’ interests.