John Hancock Municipal Opportunities Fund Q4 2025 Commentary

John Hancock Investment Management29 FollowersFollow5ShareSavePlay(4min)CommentsSummaryMunicipal bonds posted modest gains in the fourth quarter amid two interest rate cuts by the Fed and increased new issuance in the municipal bond market.The fund delivered a positive return but narrowly underperformed its benchmark, the Bloomberg Municipal Bond Index, for the quarter.Yield curve positioning and sector allocation were the main contributors to the fund's underperformance relative to the index. DNY59/iStock via Getty Images Market review and outlook Municipal bonds posted modestly positive returns in the fourth quarter. New issuance in the municipal bond market rebounded during the quarter after slowing in the prior three months. Nonetheless, investor demand for municipal bondsThis article was written byJohn Hancock Investment Management29 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.