Products August 31, 2010

Huntington Shifts Strategy of Rotating Markets Fund

Huntington Funds announced that the Huntington Rotating Markets Fund's (HRITX) investment strategy has shifted from the global market segment to large cap, focusing specifically on the U.S. Dow Jones Industrials.
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The Rotating Markets Fund rotates investments among four major market segments:  large cap, mid cap, small cap and global.  The fund manager identifies the most promising market sectors, keeping the fund invested in areas that offer the greatest return on investment.  

A press release said fund Manager Paul Koscik selected the Dow Jones Industrials because they are typically a more conservative equity investment option. The Industrials are comprised of 30 well known, “blue chip” stocks.   

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“As market instability has increased, investors have been moving away from riskier investments, such as mid- and small-cap stocks, and leaning more toward conservative and less volatile large-cap ‘Blue Chip’ stocks like those found in the Dow Jones Industrials,” Koscik said in the announcement.    

The Rotating Markets Fund has been focused on the global market segment since April 2009.  This is the fund’s sixth rotation since it launched in May 2001.  

 

Data & Research August 31, 2010

Schwab Finds Pre-Retirees not Panicked

The Charles Schwab Q3 Retirement Survey finds 54% of baby boomers ages 50 to 60 do not expect to delay their planned retirement date, despite the recent challenging economic conditions.
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Thirty-eight percent expect to retire later than they had originally planned. According to a press release, 88% of respondents indicated they expect to continue to work even after becoming eligible for full retirement benefits; however, only 28% cited “the need for more money” as the leading reason, while a quarter cited “a desire to remain active mentally, physically or socially.”    

Three quarters of respondents (74%) said they do not expect they will need financial support from others at some point during retirement, and more than half (54%) reported it is likely they will enter retirement debt free.   

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When asked what are the most important lessons they would like to teach younger generations about saving and investing, half suggested “live within your means,” followed by 30% who said “begin to save at an early age.” 

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