Huntington Rotating Markets Fund Shifts to U.S. Dow Jones Industrials From Global
Fund Manager Says Investors Now Seeking More Stability
COLUMBUS, Ohio, Aug. 31 /PRNewswire/ -- Huntington Funds announced today that the Huntington Rotating Markets Fund's (HRITX) investment strategy has shifted from the global market segment to large cap, focusing specifically on the U.S. Dow Jones Industrials.
The Rotating Markets Fund rotates investments among four major market segments: large cap, mid cap, small cap and global. The fund manager identifies the most promising market sectors, keeping the fund invested in areas that offer the greatest return on investment.
Fund Manager Paul Koscik selected the Dow Jones Industrials because they are typically a more conservative equity investment option. The Industrials are comprised of 30 well known, "blue chip" stocks. With global equity markets experiencing growing volatility in the past few months, the Industrials have become an attractive investment.
"As market instability has increased, investors have been moving away from riskier investments, such as mid- and small-cap stocks, and leaning more toward conservative and less volatile large-cap 'Blue Chip' stocks like those found in the Dow Jones Industrials," Koscik said. "Investors are keenly aware that the Dow Jones Industrials outperformed not only mid- and small-cap stocks in 2008 but also the S&P 500."
Daniel B. Benhase, Huntington senior executive vice president, added, "Our fund managers at Huntington are very in tune with what's happening in the U.S. financial markets. This timely switch to large-cap stocks will provide a good opportunity for investors who are looking for both stability and a strong performance."
The Rotating Markets Fund has been focused on the global market segment since April 2009. This is the fund's sixth rotation since it launched in May 2001.
About Huntington Funds
Huntington Funds are part of Huntington Bancshares, a financial institution with more than a 90-year heritage of managing money. Huntington Asset Advisors, Inc. and its affiliates have been managing money since 1917. As of December 31, 2009, Huntington Asset Advisors and its affiliates manage more than $13 billion for individuals, institutions, endowments, foundations, retirement plans, and municipalities across a six state region. Huntington Asset Advisors is a wholly owned subsidiary of The Huntington National Bank, which is the principal subsidiary of Huntington Bancshares Incorporated, a regional bank holding company headquartered in Columbus, Ohio with $52 billion in assets.
For more information regarding Huntington Funds, please visit the funds' website at huntingtonfunds.com.
About Huntington
Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $52 billion regional bank holding company headquartered in Columbus, Ohio. Through its affiliated companies, Huntington has been providing a full range of financial services including checking, loans, savings, insurance and investment services to customers for 144 years. Huntington has more than 600 banking offices. Huntington also offers retail and commercial financial services online at huntington.com; through its telephone bank; and through its network of over 1,300 ATMs.
Small-Cap investing involves greater risk not associated with investing in more established companies, such as greater price volatility, business risk, less liquidity and increased competitive threat.
Mid-cap investing involves greater risk not associated with investing in more established companies, such as greater price volatility, business risk, less liquidity and increased competitive threat.
Investments in international markets present special risks including currency fluctuation, the potential for diplomatic and political instability, regulatory and liquidity risks, foreign taxation and differences in auditing and other financial standards. Risks of foreign investing are generally intensified for investments in emerging markets.
You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus or summary contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund's prospectus or summary prospectus by calling 1-800-253-0412 or visiting huntingtonfunds.com. Past performance is no guarantee of future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.
Distributed by Unified Financial Securities, Inc., 2960 North Meridian Street, Suite 300, Indianapolis, IN 46208. (Member FINRA)
The logo mark and Huntington® are federally registered service marks of Huntington Bancshares Incorporated.
SOURCE Huntington Bancshares Incorporated
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