Huntington Asset Advisors is launching Huntington Income Generation, an income-focused fund of funds, later this summer, according to Randy Bateman, president of Huntington Asset Advisors, Inc.
The new offering, which will invest in underlying funds managed by Huntington and have exposure to the currencies and options markets, is managed by Paula Jurcenko.
“We’re a top-down shop and we look a lot demographics and obviously what’s going with interest rates is very significant and there are just very few places to get yields anymore,” Bateman told Money Management Executive. “The average investor, like my dad, used to get 5% to 6% off of his certificate of deposits and now he’s getting 1% off his CDs. It’s a huge problem for a lot of our population to get good yields.”
Huntington last month launched its first active exchange-traded fund and has another one, the Huntington US Equity Rotation Strategy, due out on July 25th.