DALLAS--(BUSINESS WIRE)-- Westwood Holdings Group, Inc. (NYSE:WHG) today announced the launch of the Worldwide Income Opportunity Fund (WWIOX). The new fund is an extension of the $2.8 billion* Income Opportunity Fund (WHGIX). The Worldwide Income Opportunity Fund offers increased asset allocation flexibility by adding the capability to invest in non-U.S. income-producing securities. Both funds seek to build investor wealth through a combination of current income and capital appreciation with a lower level of volatility than traditional equity-oriented strategies.

"We are very excited to offer this fund, which leverages our fundamental research capabilities across our three distinct investment teams with the goal of delivering a similar return profile to the Westwood Income Opportunity Fund," said Mark Freeman, CIO and Senior Portfolio Manager of the Westwood Worldwide Income Opportunity Fund. "The added international component, which brings together additional insight from our Global Convertible Securities and Global and Emerging Markets Equity teams, will provide another level of diversification and access to international securities that many of our clients have been requesting."

"Our flagship Income Opportunity Fund has been very well received, attracting significant investor assets and market demand is now driving the launch of this new fund," said Mark Dunbar, Senior Vice President of Mutual Funds and Sub-advisory. "We are excited to further expand our mutual fund lineup, now totaling 15 distinct funds, and look forward to providing another solution that seeks to meet investors' needs for a lower-volatility, global income-producing fund with a flexible asset allocation profile."

About Westwood

Westwood Holdings Group, Inc. provides investment management services to institutional investors, private wealth clients and financial intermediaries. With $21.7 billion in assets under management, including $4.2 billion in mutual funds (as of March 31, 2015), the firm offers a range of investment strategies including U.S. equities, Master Limited Partnerships (MLPs), Multi-Asset, Global and Emerging Markets equities, and Global Convertible securities portfolios. Access to these strategies is available through separate accounts, commingled funds, the Westwood Funds® family of mutual funds, and UCITS funds. Westwood benefits from significant, broad-based employee ownership and trades on the New York Stock Exchange under the symbol "WHG." Based in Dallas, Westwood also maintains offices in Toronto, Boston, Omaha and Houston.

For more information about Westwood, please visit our website at www.westwoodgroup.com.

For more information on Westwood Funds, please visit us as www.westwoodfunds.com.

*As of March 31, 2015

(WHG-G)

To determine if a Fund is an appropriate investment for you, carefully consider the Fund's investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Fund's prospectus, which may be obtained by calling 1.877.FUND.WHG, or by visiting our website at www.westwoodfunds.com. Read the prospectus carefully before investing or sending money.

The Westwood Worldwide Income Opportunity Fund and Income Opportunity Fund are distributed by SEI Investments Distribution Co., 1 Freedom Valley Dr., Oaks, PA 19456 which is not affiliated with the Adviser.

There can be no assurance that a Fund will achieve its stated objectives.

Mutual fund investing involves risk, including possible loss of principal. In addition to the normal risks associated with investing, bonds and bond funds are subject to interest rate risk and will decline in value as interest rates rise. Investments in securities of MLPs involves risk that differ from investments in common stock including risks related to limited control and limited rights to vote on matters affecting the MLP. MLP common units and other equity securities can be affected by economic and other factors affecting the stock market in general, expectations of interest rates, investor sentiment towards MLPs or the energy sector, changes in a particular issuer's financial condition, or unfavorable or unanticipated poor performance of a particular issuer. In addition to the normal risks associated with investing, REIT investments are subject to changes in economic conditions, credit risk and interest rate fluctuations. In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. These risks are heightened in emerging markets. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. Diversification does not ensure a profit or protect against a loss. The Worldwide Income Opportunity Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund's gains or losses.

Westwood Holdings Group, Inc.
Jamie Christensen, 214-756-6900
jchristensen@westwoodgroup.com

Source: Westwood Holdings Group, Inc.

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