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John Hancock Investment Management : announces fee reductions on five funds with a combined $7.7B in AUM


0.97%
We are pleased to be able to offer these pricing reductions to financial professionals and their clients. Since 2014, we have lowered fees on more than 50 John Hancock funds - through 70 strategic pricing reductions
2 - and we continuously review our lineup to find additional value for shareholders and ensure our products are competitively priced for the market, said Andrew G. Arnott, CEO, John Hancock Investment Management and head of wealth and asset management, Manulife Investment Management, United States and Europe. As investors look for new sources of return in traditional portfolios - and ESG investing continues to build momentum - our goal is to provide more options to them through our multimanager network that is backed by some of the most rigorous investment oversight in the industry.   ....

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Change bank capital rules to boost climate action - survey


FILE PHOTO: FILE PHOTO: People arrive to visit the Red Fort on a smoggy morning in the old quarters of Delhi, India
LONDON (Reuters) – An overhaul of bank capital rules would be the most effective step regulators could take to support climate action, a group of 50 sustainable finance experts said on Tuesday.
In a survey carried out by the non-profit Climate Safe Lending Network, academics, commercial banks, investors, non-governmental organisations and central banks were asked to rank 10 proposals for how financial regulation could be changed to boost climate efforts.
Respondents included the Bank of England, the European Central Bank and Spain’s BBVA, as well as Boston Common Asset Management and Amalgamated Bank in the United States, and the UK’s Big Society Capital. ....

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