ETF Watch: John Hancock Launches Int’l Fund

Mutual fund provider John Hancock today is rolling out the first international fund in its lineup of ETFs that are based on indexes provided by Dimensional Fund Advisors. The John Hancock Multifactor Developed International ETF (JHMD) covers developed markets.

The fund is listed on the NYSE Arca exchange with an expense ratio of 0.45%.

As with all of the ETFs the firm has launched, the underlying DFA index makes adjustments to companies’ market-cap-based weightings to overweight stocks that have smaller market capitalizations, lower relative price and higher profitability, the prospectus says.

Prior to JHMD’s launch, John Hancock offered 11 ETFs targeting different slices of the U.S. market—two covering the large- and midcap segments and nine covering U.S. sectors. The funds have a total of $638 million in assets under management.

Contact Heather Bell at [email protected].