DALLAS--(BUSINESS WIRE)--
Westwood
Holdings Group, Inc. (NYSE: WHG)
today announced that the Westwood
Income Opportunity mutual fund has surpassed $1 billion in assets.
Advisors and investors continue to demonstrate a strong appetite for the
fund's combination of current income, the opportunity for capital
appreciation and potentially lower volatility delivered in a multi-asset
fund.
Brian Casey, Westwood's President & CEO, commented, "This is truly a
remarkable achievement as only 6% of mutual funds have assets greater
than $1 billion. I applaud the team effort of Mark Freeman, Chief
Investment Officer and Senior Portfolio Manager; Todd Williams,
Portfolio Manager; and our entire investment research department for
delivering such high quality results in a tumultuous market environment.
Achieving this milestone is the result of not just one good decision,
but a series of good decisions."
The Westwood Income Opportunity Fund invests in a diversified group of
income-producing asset classes including dividend-paying common stock,
preferred stock, convertible securities, government and corporate debt
securities, money market instruments, royalty trusts, master limited
partnerships ("MLPs") and real estate investment trusts ("REITs"). The
Fund is available in an institutional share class (WHGIX) and an A share
class (WWIAX).
About Westwood
Westwood Holdings Group, Inc. provides investment management services to
institutional investors, private wealth clients and financial
intermediaries. Westwood manages a variety of investment strategies
including U.S., Global, and Emerging Markets equities as well as
income-oriented portfolios. Access to these strategies is available
through separate accounts, commingled funds and the Westwood FundsTM
family of mutual funds. Westwood has significant, broad-based employee
ownership and trades on the New York Stock Exchange under the symbol
"WHG." Based in Dallas, Westwood also has offices in Omaha and Toronto.
For more information on Westwood, please visit www.westwoodgroup.com.
For more information on the Westwood Funds, please contact Mark Dunbar
at mdunbar@westwoodgroup.com
or visit www.westwoodfunds.com.
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. High yield bonds are highly speculative
and carry a greater degree of risk. REIT investments are subject to
changes in economic conditions, credit risk and interest rate
fluctuations. Additionally, investments in securities of MLPs involve
risk that differ from investments in common stock including risks
related to limited control and limited rights to vote on matters
affecting the MLP. There can be no assurance that the Portfolio will
achieve its stated objectives.
To determine if this 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 Income Opportunity Fund is distributed by SEI Investments
Distribution Co., which is not affiliated with the Advisor.
(WHG-G)
Hewes Communications, Inc.
Tucker Hewes, 212-207-9451
tucker@hewescomm.com
Source: Westwood Holdings Group, Inc.
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