Kansas Board of Regents changes equity funds in 403(b) plan

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Kansas Board of Regents, Topeka, added the JHancock Disciplined Value Mid Cap Fund to the investment options lineup of its $5 billion 403(b) mandatory retirement plan.

The domestic midcap value equity fund managed by John Hancock Investment Management and subadvised by Boston Partners Global Investors replaced the TIAA-CREF Mid-Cap Value Institutional fund, a similar fund managed by Nuveen, according to materials for the Oct. 19 retirement plan committee meeting.

The materials did not give a reason for the change. As of June 30, the TIAA-CREF Mid-Cap Value Fund had $58 million in assets in the plan, according to a plan performance report.

Board spokesman Matthew Keith could not be immediately reached for further information.