Hennessy Advisors added a fifth fund to its no-load mutual fund group when it announced the launch of the Hennessy Focus 30 Fund Wednesday.

The fund, which will trade under the NASDAQ symbol HFTFX, is designed for long-term growth. "We’ve taken our cue for this new fund from the similar disciplined approach to selecting stocks that we have successfully employed within the small cap market for the Hennessy Cornerstone Growth Fund," said Neil J. Hennessy, president of Hennessy Advisors.

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