John Hancock adds new sector multifactor fund
John Hancock, the long established insurance company that is relatively new to ETFs, is adding the final arrow to its quiver of multifactor sector funds.
The new listing, the John Hancock Multifactor Media and Communications ETF (JHCS), will track the newly redefined telecoms sector. It will be built, like JH’s other ETFs, in conjunction with Dimensional Fund Advisors, one of the pioneers of quantitative factor investing.
As with its other sector trackers, JHCS will screen stocks within the media and communications sector for their exposure to 4 factors: size, value, profitability and momentum. They will then be weighted according to their factor scores.
The other sector funds from JH have seen modest investor uptake, with most posting AUM of $20 - $60M.
The fund will charge 0.40%