Huntington Funds has added three new mutual funds, effective July 31, 2009. The new Huntington Asset Allocation Funds are an addition to the Huntington Funds 16 mutual funds and four money market fund offerings.
Reportedly, the new funds include Huntington Conservative Allocation Fund (HCAFX), Huntington Balanced Allocation Fund (HBAFX) and Huntington Growth Allocation Fund (HGRFX). It has added that each fund is a ‘fund of funds’ that invests in a portfolio of other existing Huntington Funds known as the underlying funds and all of the funds are advised by Huntington Asset Advisors (HAA), a subsidiary of Huntington Bancshares.
The company has claimed that Huntington Asset Allocation Funds utilize asset allocation strategy strategy, allocating specific percentages of each of the underlying funds to the portfolios based on their performance objectives and risk characteristics.
Huntington Funds are part of Huntington Bancshares, a financial institution. Huntington Asset Advisors (HAA) is a wholly owned subsidiary of The Huntington National Bank, which is the principal subsidiary of Huntington Bancshares, a regional bank holding company headquartered in Columbus, Ohio.
