MutualFundWire.com: As Others Shrink their Fund Lineups, One Fund Firm More than Doubles its Own

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Tuesday, September 1, 2009

As Others Shrink their Fund Lineups, One Fund Firm More than Doubles its Own

While some asset managers have responded to the economic climate by trimming their fund menus, Hodges Capital Management is bucking the trend. Tuesday, the Dallas-based company took the wraps off three no-load funds, raising its total fund count to five.

Rob Parnell
Hodges Capital Management
SVP

The Hodges Equity Income Fund and Blue Chip 25 Fund both come with an expense ratio of 130 basis points, while the Pure Contrarian Fund comes with a 140 bps expense ratio.

Hodges plans to make the funds available through platforms such as Schwab, Fidelity and Pershing. Those platforms already carry Hodges' two other products, the Hodges Multi-Cap Fund and Small Cap Fund.

The funds are distributed by Quasar Distributors.

"We've been using the same strategies for 20 years, strategies that have done well and we want to follow through on them," Rob Parnell, senior vice president at Hodges, told The MFWire.

Concerning the current economic climate, Parnell said that in tough conditions, "many times, that's the time to be opposing the market."

Hodges plans to start accepting subscriptions on September 10.

Founded in 1989, Hodges manages approximately one billion dollars in separately-managed accounts and mutual funds.

Printed from: MFWire.com/story.asp?s=22482

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