This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Westwood Receives Over $500 Million Initial Investment In Emerging Markets UCITS Fund

Westwood Holdings Group, Inc. (NYSE:WHG) today announced receipt of approximately $160 million as the final tranche of initial funding of Westwood Emerging Markets Fund (the “Fund”), the first sub-fund of Westwood Investment Funds plc, its Irish-domiciled UCITS umbrella fund, which was authorized by the Central Bank of Ireland on 18 June 2013. Patricia Perez-Coutts and her Toronto-based team at Westwood International Advisors Inc. (“Westwood International”) provide investment advice to the Westwood Emerging Markets Fund. The UCITS fund provides access for non-U.S. investors to Westwood International’s experienced approach to uncovering investment opportunities in emerging markets throughout the world.

“We launched our UCITS fund to respond to demand for our Emerging Markets strategy from U.K. pension plans of three blue-chip European companies,” said Brian Casey, Westwood’s President and CEO. “We are pleased to have launched this fund with significant scale from the outset, with initial funding from these three clients exceeding $500 million. Ireland has earned a reputation as a leading domicile for regulated investment funds and the UCITS structure provides an attractive pooled fund vehicle for non-U.S. investors. We look forward to launching additional UCITS funds in the future and expanding our client offerings beyond our traditional U.S. markets.”

The Fund is managed utilizing Westwood International’s independent, company-specific research. The investment process seeks to invest in sound companies that we believe to be undervalued in the market. Key characteristics that the team looks for in evaluating investments include company managements aligned with an Economic Value Added philosophy, strong businesses with core franchise values, above average cash flow generation, and consistency of earnings growth.

The Fund is currently available in GBP, Euro, USD and CAD share classes for institutional investors. The Fund has appointed RBC Investor & Treasury Services as its custodian and administrator (RBC Investor Services Bank S.A., Dublin Branch and RBC Investor Services Ireland Limited, respectively). Copies of the Prospectus and Key Investor Information Documents are available from Westwood Management Corp.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs