Weighing opportunity when markets spin out of control

The investment process of John Hancock Fundamental Large Cap Core Fund includes careful scenario analysis of the best, base, bear, and worst cases for each company in which the team invests. When market volatility spiked as the COVID-19 crisis worsened in March, Senior Portfolio Manager Sandy Sanders and his team revisited the worst-case scenario for every stock in the portfolios they manage. This careful process yielded a variety of valuation-based investment opportunities just as many market participants were dashing to cash.