JOHN HANCOCK BK & THRIFT OPP. The Fund is a closed-end, diversified management investment company whose investment objective is long-term capital appreciation. Investment Adviser: John Hancock Advisers, Inc.Advisory Agreement: Under the terms of the agreement, the Fund pays amonthly management fee to the Adviser, for a continuous investment program,equivalent on an annual basis to 1.15% of the Fund's average weekly netasset value....
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With the current interest rate hike, large banks and insurance companies are likely to benefit from higher equity risk premiums and interest rate spreads.
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