John Hancock Multi-Asset Absolute Return Fund Q1 2025 Commentary

Summary

• John Hancock Multi-Asset Absolute Return Fund posted a positive return for the quarter and outperformed its benchmark, the ICE BofA 0–3 Month U.S. Treasury Bill Index.
• Global equity markets declined in the first quarter amid economic uncertainty brought on by changing U.S. trade and tariff policies, leading to a significant shift toward risk aversion.
• Global fixed-income markets were mixed but generally positive as expectations for slowing global growth led to lower bond yields during the quarter.

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Highlights

• Global equity markets declined in the first quarter amid economic uncertainty brought on by changing U.S. trade and tariff policies, leading to a significant shift toward risk aversion.
• Global fixed-income markets were mixed