The Huntington Funds completed the transition of its fixed income funds to corresponding mutual funds advised by an advisory subsidiary of Federated Investors on May 16, 2014.
This is one of a series of actions that Huntington Funds has taken over the last 12 months to better serve investors; including reducing expense ratios on selected funds, adding share classes to selected funds, and merging and closing selected funds to create additional scale.
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Joe Rezabek, president of Huntington Funds, said: "We’re focusing our strengths in specialty equity funds where we have demonstrated expertise and can add the most value to our shareholders."
Having received shareholder approval May 16, Huntington Asset Advisors, Inc. completed the transition of fixed-income assets to Federated through the reorganization of five Huntington fixed income mutual funds to five existing Federated fixed income mutual funds with similar investment objectives.
Steve Steinour, chairman, president and CEO Huntington, said: "This transition of the fixed income funds aligns with our philosophy to review all of our products and services in regard to what is right for our customers and shareholders. This action gives our funds a strong competitive position."
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