Larry Puglia, manager of John Hancock Blue Chip Growth since 2005 and of T. Rowe Price Blue Chip Growth since its 1993 inception, will retire from subadvisor T. Rowe Price at year-end 2021. A well-telegraphed transition has been in the works since Paul Greene became associate portfolio manager in January 2020, and he'll officially take over on Oct. 1, 2021. With a smooth handoff setting the stage for continued success, the strategy retains its Above Average Process and People ratings. Its Morningstar Analyst Rating ranges from Silver to Neutral, depending on each share class' fees.
Will JIBCX 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 JIBCX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the JIBCX 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 JIBCX’s parent organization’s priorities and whether they’re in line with investors’ interests.