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Products January 11, 2011
Westwood Closes Mid Cap Fund but Files for Another
January 11, 2011 (PLANSPONSOR.com) - Westwood Holdings Group, Inc. has closed the WHG SMidCap Fund (WHGMX) to new investors.
Reported by
Rebecca Moore
The company said the strategy reached its asset capacity; however, the fund will continue to accept additional investments from existing shareholders. Westwood also announced the filing of a registration statement with the SEC for the WHG SMidCap Plus+ Fund, which will be managed by the same investment team as the WHG SMidCap Fund.
According to the announcement, the new fund will offer investors a strategy that considers small- and mid-cap companies with market capitalizations between $2 billion and $15 billion and will not generally invest in securities with market capitalizations below $2 billion.
The WHG SMidCap Plus+ mutual fund will be offered with a total expense ratio capped at 1%. Fee waivers are contractual through February 28, 2013. The total annual operating expense would otherwise be 1.82%.