Huntington Strategy Shares debuts with launch of Huntington EcoLogical Strategy ETF (HECO)

Jun 19th, 2012 | By | Category: Equities

Huntington Asset Advisors, a subsidiary of Ohio-based Huntington National Bank, has made its debut in the US ETF space with the launch, on the NYSE Arca, of the Huntington EcoLogical Strategy ETF (HECO).

Huntington Strategy Shares debuts with launch of Huntington EcoLogical Strategy ETF (HECO)

The actively managed Huntington EcoLogical Strategy ETF (HECO) is the first of two planned ETFs under the newly launched ‘Huntington Strategy Shares’ brand.

HECO, the first of two initial planned ETFs under the company’s newly minted ‘Huntington Strategy Shares’ brand, is an actively managed ETF that focuses on sustainable and environmentally-friendly companies.

The ETF has a goal of capital appreciation and will focus on ecologically-focused companies and products, which are positioned to take advantage of continuing changes in laws, consumer behaviour and business investments. The ETF holds stocks from companies large and small across a widely-diversified set of industries. It does not seek to replicate a specified index.

These companies demonstrate environmental stewardship and provide products and services that advance green practices and show evidence of sustainability. With this approach, the ETF may be more correlated to market indices, like the S&P 500, than specific green funds that target clean tech or alternative energy, which may be more limited in scope.

“Many green funds emphasise nascent technologies like wind and solar because they are clean, without regard to whether that’s a logical investment,” said Randy Bateman, Huntington’s chief investment officer. “Our approach looks at those opportunities, but then applies logic around whether or not that company is producing products that are affordable by broad markets.”

“Within Huntington, we have an established team of experts whose goal is to select the top environmentally-friendly investments for this ETF,” added Brian Salerno, the fund’s manager. “Companies with these sustainably green characteristics tend to be more seasoned, have profitable business models, and are usually good environmental stewards.”

The fund has a net expense ratio of 0.95%.

Tags: , , ,

Leave a Comment



More in Equities
Utilities ETFs are no safe haven if eurozone crisis escalates
Utilities sector ETFs are no safe haven from eurozone break-up

With all the talk of a eurozone break-up, anaemic recovery in the US and slowdown in China, investors have been seeking the sanctuary...

Uranium mining ETFs poised for re-rating
Uranium mining ETFs poised for re-rating

Indications that Japan is preparing to restart a pair of idled nuclear reactors, coupled with signs China may be about to issue new...

Close