Hussman Strategic will change fund's name, investment policy Jan. 1

By Toni Weeks

San Diego, Oct. 24 - Hussman Strategic International Equity Fund announced that as of Jan. 1 it will change its investment policy and the name of the fund, according to a 497 filing with the Securities and Exchange Commission.

The fund's current investment policy requires it to invest, under normal market conditions, at least 80% of its net assets in equity securities of companies that derive a majority of their revenues of profits from or have a majority of their assets in a country or countries other than the United States as well as in shares of exchange-traded funds and similar investment vehicles that invest primarily in the equity securities of such companies.

To enhance the ability of the fund to implement hedging strategies during market conditions viewed as unfavorable by the investment manager and to allow the fund to maintain a sufficient potion of its assets in cash and money market securities needed for hedging strategies, it will no longer be subject to the current investment policy. However, the fund will continue to invest principally in international equity securities, the filing noted.

The fund's adviser is Elicott City, Md.-based Hussman Econometrics Advisors, Inc.

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