According to the fund manager, the newly floated fund utilizes an asset allocation plan to increase current income potential and pay monthly dividends for current cash or reinvestment.
Additionally, the fund has the ability to adjust the allocation according to the current economic and market environments.
All Huntington Funds are managed by experienced Huntington portfolio managers. Huntington Income Generation Fund is a fund of funds, which means it invests in other funds within the Huntington Funds family.
In a move to secure monthly cash flow and positioning investors for retirement, the Huntington Income Generation Fund generally invests in the following funds: Huntington World Income Fund, Huntington Income Equity Fund and Huntington Dividend Capture Fund.
Huntington World Income Fund offers dividend-paying common and preferred stocks, specialized securities like Real Estate Investment Trusts (REITs) and Master Limited Partnerships (MLPs), among others.
Huntington Income Equity Fund focuses on stocks of large companies trading at good prices and known for their history of paying dividends, while tracking current income and lower volatility.
Huntington Dividend Capture Fund invests in firms with attractive historical dividends that may be undervalued or out of favor.
Commenting on the launch of the fund, Huntington’s chief investment officer and president of the Huntington Asset Advisors Randy Bateman said, "As a fund of funds, the Huntington Income Generation Fund is designed to combine and emphasize different asset allocations by investing in existing Huntington Funds as economic and market conditions change."
The Fund may also invest in the Huntington Global Select Markets Fund, Huntington Real Strategies Fund, as well as the Huntington Fixed Income Securities Fund, Huntington Intermediate Government Income Fund, Huntington Mortgage Securities Fund, and Huntington Short/Intermediate Fixed Income Securities Fund, said the fund manager.
