Huntington Funds, a unit of Huntington Bancshares Inc., has launched a fund that invests in emerging countries that are fiscally responsible and have both strong monetary policies and profitable natural resources.
Both institutional shares and A-shares of the Huntington Global Select Markets Fund are available. Managed by Paul Attwood, a vice president at Huntington Asset Advisors, the fund focuses on the best markets across the globe, but it has the flexibility to invest in opportunities at home and abroad, as well as in bonds and exchange-traded funds.
"In the Huntington Global Select Markets Fund, we identify countries that are not just developing nations, but those that are exhibiting what we believe are superior characteristics in terms of fiscal responsibility and monetary policies," Randy Bateman, president of Huntington Asset Advisors, said in a press release Tuesday. "We also look for specific actions they are taking to capitalize on their natural resources — particularly those we feel may take precedence in the markets to come."
Huntington Asset Advisors and its affiliates had $13 billion of assets under management on Sept. 30.