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BTO - BTO: Financial Selloff Pushes Distribution Rate To Over 7%
John Hancock Financial Opportunities Fund
John Hancock Financial Opportunities Fund (BTO) has been under significant pressure over the last year, even more so recently. This fund invests solely in the financial sector, investing in banks of all market capitalizations. BTO just one week ago closed at a share price of $33.42. And at the time of typing this, shares are trading at $30.50. This works out to a drop of 8.7% in just one week! This is starting to get me interested in picking up more shares of the fund, even with the present risks. I believe BTO