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Westwood Income Opportunity Fund surpasses USD1bn in assets

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The Westwood Income Opportunity mutual fund has surpassed USD1bn in assets.

 
Advisers 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 and chief executive, says: "This is truly a remarkable achievement as only six per cent of mutual funds have assets greater than USD1bn. 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).

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