With investors pouring money into emerging markets many are forgetting that along with potentially stellar returns are enormous risks that can slam investors’ wallets.
But Huntington Funds has a different philosophy. The firm, a unit of Huntington Bancshares, announced Tuesday it launched a fund that invests in emerging countries that are fiscally responsible, have strong monetary policies, and an array of profitable natural resources. The fund is in addition to the Huntington Funds family of mutual funds and money market offerings.
Both institutional shares and A-shares of the Huntington Global Select Markets Fund are available and the fund is managed by veteran portfolio manager Paul Attwood, a vice president at Huntington Asset Advisors. The fund focuses on the best markets across the globe, but it also has the flexibility to invest in opportunities both at home and abroad, as well as in bonds and exchange-traded funds.
“In the Huntington Global Select Markets Fund, we identify countries that are not just developing nations, but those that are exhibiting what we believe are superior characteristics in terms of fiscal responsibility and monetary policies,” said Randy Bateman, president of Huntington Asset Advisors. “We also look for specific actions they are taking to capitalize on their natural resources – particularly those we feel may take precedence in the markets to come.”
Meanwhile, Monday, the TCW Group, a global asset manager serving institutional and individual investors, announced that it launched the TCW Emerging Markets Equities Fund, which will invest across the large, mid and small-cap emerging market universe.
Huntington Asset Advisors and its affiliates had $13 billion in assets under management as of Sept. 30.