John Hancock Multimanager 2045 Lifetime Portfolio Q3 2025 Commentary
Summarize this article with:
John Hancock Investment Management23 FollowersFollow5ShareSavePlay(6min)CommentsSummaryJohn Hancock Multimanager 2045 Lifetime Portfolio underperformed its benchmark, but this is within expectations given the momentum-driven nature of the rally, ongoing strength in a narrow group of mega-cap technology stocks, and outsize returns for lower-quality companies.Financial assets delivered strong returns in the quarter, with both stocks and bonds registering gains.The global fixed-income markets also produced positive returns, reflecting the increasingly favorable shift in Fed policy. Pongsak Sapakdee/iStock via Getty Images Market review and outlook Financial assets delivered strong returns in the quarter, with both stocks and bonds registering gains. A favorable backdrop of positive global growth, falling interest rates across the developed markets, and a lack of pronouncedThis article was written byJohn Hancock Investment Management23 FollowersFollowA company of Manulife Investment Management, John Hancock Investment Management serves investors through a unique multimanager approach, complementing our extensive in-house capabilities with an unrivaled network of specialized asset managers, backed by some of the most rigorous investment oversight in the industry. The result is a diverse lineup of time-tested investments from a premier asset manager with a heritage of financial stewardship. Note: This account is not managed or monitored by John Hancock Investment Management, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use John Hancock Investment Management's official channels.Quick InsightsHow did the fund's allocation impact recent underperformance versus the benchmark?Underweighting U.S. large caps and overweighting defensive, mid-cap, and international equities led to underperformance during a momentum-driven rally favoring mega-cap tech.What portfolio changes were made in response to current market valuations?I trimmed allocations to higher-beta equities and rotated into U.S. large caps, developed-market international equities, and short-term bonds for better risk-adjusted returns.Which exposures contributed positively to the fund’s performance despite overall underperformance?Overweights in real assets, particularly metals and mining, equities relative to bonds, and emerging-market debt provided positive contributions to returns.Recommended For You