John Hancock Investments has rolled out two new equity mutual funds: the Seaport Fund and the Enduring Equity Fund.

John Hancock Investments has rolled out two new equity mutual funds, the Seaport Fund and the Enduring Equity Fund.

The former fund employs a long/short equity strategy similar to a hedge fund-of-funds for a more favorable risk/return profile than global equities, John Hancock said. It will have an initial allocation of 35 per cent to diversified equity; 25 per cent to healthcare; 20 per cent to financial services; and 20 per cent to technology.

The second one invests in global companies - mainly in the utilities, energy, infrastructure and transportation sectors - with “long-lived physical assets and competitive advantages,” which the firm believes may result in low levels of earnings volatility, potential dividend income and inflation protection.

“These companies tend to have advantaged competitive positions and exhibit lower levels of earnings volatility due to government regulation or long-term contractual commitments,” John Hancock said.

Both funds will be managed by the same Wellington Management portfolio managers who run alternative investments on behalf of John Hancock’s institutional clients.