John Hancock Bond Fund Losses
The John Hancock High Yield Bond Fund has made the list. Just not the list its fund managers would like.
On September 8, 2008, the Wall Street Journal listed its Leaders and Laggards. The Hancock Fund ranks near the top in the worst-performing bond fund category. It shares this distinction with three Morgan Keegan bond funds and Charles Schwab’s YieldPlus fund.
The Hancock High Yield fund (JHHBX) holds $644.7 million in assets. In the past year, the fund has lost 17.8% of its value. For typical bond fund investors seeking income, these returns are tremendously shocking and unacceptable.
