John Hancock International Growth Fund Q1 2026 Commentary (GOIGX)
John Hancock Investment Management·2026-06-18·via All Articles on Seeking Alpha
Summary
For Q1, the fund outperformed the benchmark, the MSCI All Country World ex-USA Growth Index, as security selection meaningfully contributed, especially in IT.
Taiwan Semiconductor Manufacturing Co., Ltd. was the fund's biggest individual relative contributor, seeing strong results amid robust demand for AI-related chips.
The fund's top individual relative detractor was Adyen NV, a Dutch payment-technology company whose shares fell sharply after reporting weaker-than-expected financial results.
To position the portfolio for continued economic acceleration, management remains overweight the fund's growth and valuation upside factors and underweight quality factors.
As of March 31, John Hancock International Growth Fund's largest sector overweights were in communication services and financials, while healthcare remained a key underweight.
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Quarterly commentary Highlights
International equities endured a challenging macroeconomic environment, characterized by the conflict in the Middle East, which led to higher energy prices, as well as mounting concern about inflation and investment risk.
