John Hancock Funds acquiring both the assets and the shareholder base of the U.S. Global Leaders Growth Fund, a spokesperson with John Hancock told the MutualFundWire.com. The fund currently belongs to New York-based Yeager, Wood & Marshall.

The acquisition is subject to shareholder approval. The fund is also sometimes referred to as the "Nest Egg Fund".

"While still maintaining their investment in the U.S. Global Leaders Growth Fund, our shareholders now can enjoy the benefits of being a part of a broadly diversified fund family. These benefits include having the right to exchange their fund shares into any of John Hancock's other 36 funds without a sales charge and, in a broader context, having access to all John Hancock Funds shareholder services," explained George Yeager -- president of Yeager, Wood & Marshall -- as to how the move would benefit his shareholders. 

See the list of all the 2002 Most Influential People



Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE