Hancock Holding launches Hancock Horizon Diversified Income Fund

By Tali David

Minneapolis, Sept. 26 - Hancock Holding Co. launched the Hancock Horizon Diversified Income Fund as a new addition to the company's $1.5 billion family of investment funds, according to a news release.

The fund seeks to generate steady income from a combination of financial investments.

The new fund will invest in a mix of Master Limited Partnerships, dividend paying stocks, real estate investment trusts, preferred stock and high-yield bonds.

"The launch of the new Hancock Horizon Diversified Income Fund marks another important milestone in the continued growth of our family of investment funds, and we believe the fund has strong potential to generate income during the current challenging interest-rate environment," Hancock Horizon Funds senior vice president and chief investment strategist John Portwood said in the release.

"This will be an alternative for investors who have seen diminishing returns from traditional income-producing investment products as interest rates have declined."

Hancock is based in Gulfport, Miss.

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