John Hancock today said its mutual funds unit achieved record sales levels last year, trumping its 2009 campaign.

Jim Boyle, president of John Hancock Financial Services, said: "Record sales levels were achieved by John Hancock Mutual Funds, ending the year with full year sales of $9.7 billion, which were 48 per cent higher than the prior year."

John Hancock mutual funds sales were US$2.5 billion in the fourth quarter. The firm attributed the increase in sales in the fourth quarter and for the full year to a "broad diversified offering of competitive funds distributed through the retail, institutional and defined contribution-investment only channels as well as improved market conditions. 

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