Home Latest Articles Summary The John Hancock 2025 Lifetime Blend Portfolio posted a negative total return but outperformed the benchmark during the first quarter. A spike in oil prices and supply chain concerns dampened the growth outlook and led to a sharp rise in inflation expectations. Leadership broadened away from the "Magnificent Seven" U.S. tech companies, providing a tailwind for the John Hancock 2025 Lifetime Blend Portfolio's diversified positioning. Underlying manager performance was the primary contributor to relative performance in the quarter, highlighted by relative strength in international equities. John Hancock Investment Management continued to position the portfolio for a wide range of outcomes while avoiding bets on specific market segments. matejmo/iStock via Getty Images Quarterly commentary Financial assets experienced mixed returns in the first quarter. The fund posted a negative total return but outperformed the benchmark.…