john hancock small cap equity fund from the mfc global investment management us llc portfolio team commentary period s performance and what behind numbers force protection triangleup increased demand for blast resistant up armored vehicles medis technologies triangledwn concerns over timing of commercialization key product trident microsystems regarding forthcoming competition scorecard q4 2005 results returned 6 23 quarter ended december 31 versus 8 77 russell 2000 growth index 7 89 morningstar peer group market environment federal reserve interest rate policy cast a long shadow markets in 2006 this remained prevalent fourth after strong start to was quickly reversed early november rallied sharply register new highs major inflection points were driven by perception fed when current tightening cycle would finally end review lagged both as well during stock selection within technology industrials accounted much underperformance
