Hancock has launched the Hancock Horizon US Small Cap Fund as a new addition to the company's growing USD2bn family of mutual funds.
The fund offers investors exposure to a diverse portfolio of small cap stocks and is managed by the same team that oversees the 5-star Morningstar-rated Burkenroad Small Cap Fund.
"Diversification has always been an important component of all investment portfolios, and our new small cap fund will build on the principles we've used to create and manage the Burkenroad Small Cap Fund while offering exposure to growing companies across the country," says Hancock Horizon fund manager David Lundgren. "Small cap stocks have great potential, and we see them as an important element of a well-diversified portfolio."
The new fund will invest in small companies that are positioned to be successful in their respective industries and market sectors, which include energy, industrials, information technology, healthcare, consumer-focused, and others.
HHF manager Greg Hodlewsky says the strategy the team is using to manage the US Small Cap Fund has been in place for several years for select clients as separately managed accounts.
"We're not starting from scratch with this new fund," says Hodlewsky. "We've been managing similar small cap portfolios for many of our affluent clients for a very long time. Now all of our clients will have access to a diverse small cap offering that lets investors get in with companies on the ground floor that may become the next Intel or Apple – all start off as small companies."
Lundgren, who is the Burkenroad Small Cap Fund manager, will also serve as the lead manager on the new US Small Cap Fund and Hodlewsky, who has managed and developed the strategy behind the separately-managed funds that guided the new fund's design and approach, will work with Lundgren as a fund manager.
