Morningstar Minute: An Equity Fund With Market Protection
This fund has only modestly outperformed its large-cap growth peers, but it can be a solid core holding for investors comfortable with concentrated portfolios.
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Shannon Zimmerman: Bronze-rated John Hancock U.S. Global Leaders Growth is the fund that we are going to discuss today. It's an interesting fund, and one way of thinking about it is to think of it through the prism of 2008 and 2009--dramatically different market years. In 2008, quality funds typically led the way; in 2009, more speculative funds typically led the way. This fund is one of a small number that actually did well, in relative terms, in both years.
Shannon Zimmerman does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.