Products January 11, 2011
Westwood Closes Mid Cap Fund and Opens Another
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%.