Huntington Funds Top $4 Billion In Assets
Funds Grew $1.8 Billion Since 2001
COLUMBUS, Ohio, April 25 /PRNewswire-FirstCall/ -- Huntington Funds has reached $4 billion in assets under management, Huntington Bancshares announced today, Wednesday, April 25, 2007. The funds have grown by more than $1.8 billion since 2001, when Huntington Funds added seven additional funds to its family of funds. At that time, a series of unique funds were created to complement the existing 12 funds.
"The success of the Huntington Funds is a reflection of the funds team's depth of experience, due diligence, understanding of the market and hard work," said Randy Bateman, president of Huntington Funds. "Huntington has put together a diverse group of funds that appeals to the different risk tolerances and investment needs of our clients."
Standout funds include: -- Huntington Dividend Capture fund with a portfolio of common and preferred stock as well as real estate investment trusts (REITS). That fund has grown from $5.4 million in assets in 2001 to $128 million in assets in 2006. -- Huntington International Equity Fund generates returns by investing in international companies that have demonstrated the ability to grow the value of the enterprise at a higher rate than the cost of capital. The fund has grown from $9.6 million in 2001 to more than $231 million.
Edgewood Services, Inc. is the distributor of the funds, and is not affiliated with The Huntington National Bank. Huntington Asset Advisors, Inc. is the Investment Advisor of Huntington Funds.
For more complete information about Huntington Funds, please call 1-800- 253-0412 for prospectuses. You should consider the fund's investment objectives, risks, charges and expenses carefully before you invest. Information about these and other important subjects is in the fund's prospectus, which you should read carefully before investing.
Investments in real estate investment trusts ("REITs") involve special risks associated with an investment in real estate, such as limited liquidity and interest rate risks.
Global investing involves special risks including currency risk, political risks, increased volatility of foreign securities, and differences in auditing and other financial standards.
Huntington Bancshares Incorporated is a $35 billion regional bank holding company headquartered in Columbus, Ohio. Through its affiliated companies, Huntington has more than 141 years of serving the financial needs of its customers. Huntington provides innovative retail and commercial financial products and services through 375 regional banking offices in Indiana, Kentucky, Michigan, Ohio, and West Virginia. Huntington also offers retail and commercial financial services online at huntington.com; through its technologically advanced, 24-hour telephone bank; and through its network of over 1,000 ATMs. Selected financial service activities are also conducted in other states including: Dealer Sales offices in Arizona, Florida, Georgia, North Carolina, New Jersey, Pennsylvania, South Carolina, and Tennessee; Private Financial and Capital Markets Group offices in Florida; and Mortgage Banking offices in Maryland and New Jersey. International banking services are made available through the headquarters office in Columbus, a limited purpose office located in the Cayman Islands, and another located in Hong Kong.
SOURCE Huntington Bancshares Incorporated
Released April 25, 2007