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Westwood funds launches Worldwide Income Opportunity Fund


Westwood Holdings Group has launched the Worldwide Income Opportunity Fund (WWIOX), an extension of the USD2.8 billion Income Opportunity Fund (WHGIX). 

The new fund offers increased asset allocation flexibility by adding the capability to invest in non-US income-producing securities. Both funds seek to build investor wealth through a combination of current income and capital appreciation with a lower level of volatility than traditional equity-oriented strategies.

“We are very excited to offer this fund, which leverages our fundamental research capabilities across our three distinct investment teams with the goal of delivering a similar return profile to the Westwood Income Opportunity Fund,” says Mark Freeman, CIO and Senior Portfolio Manager of the Westwood Worldwide Income Opportunity Fund. “The added international component, which brings together additional insight from our Global Convertible Securities and Global and Emerging Markets Equity teams, will provide another level of diversification and access to international securities that many of our clients have been requesting.”

“Our flagship Income Opportunity Fund has been very well received, attracting significant investor assets and market demand is now driving the launch of this new fund,” says Mark Dunbar, Senior Vice President of Mutual Funds and Sub-advisory. “We are excited to further expand our mutual fund lineup, now totaling 15 distinct funds, and look forward to providing another solution that seeks to meet investors’ needs for a lower-volatility, global income-producing fund with a flexible asset allocation profile.”

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