PARSIPPANY, NJ, July 27, 2011 /PRNewswire/ — Hennion & Walsh, one of the nation’s leading investment services providers and an advocate for individual investors, is pleased to announce the launch of its SmartTrust®, Tax-Free Income Trust (2011 Series H ) and its SmartTrust® Strategic Growth and Income Trust (Series G 2011), further expanding the company’s range of proprietary SmartTrust® Unit Investment Trust (UIT) portfolios.
“Our SmartTrust offerings provide accessible and timed investment strategies to meet current market demands as well as the ongoing needs of individual investors,” said Bill Walsh, President and Partner of Hennion & Walsh. “Both the Tax-Free Income Trust and the Strategic Income and Growth Trust offer solutions for income-oriented investors, backed by our disciplined asset management process and carefully selected investment vehicles.”
The SmartTrust®, Tax-Free Income Trust (2011 Series H) seeks to provide investors with income that is generally exempt from ordinary federal income tax. This two-year unitary investment trust (Ticker: SMTFEX) invests in 20 issues of closed-end investment companies whose portfolios consist primarily of municipal bonds.
The SmartTrust® Growth and Income Trust (2011 Series G) aims to provide investors with capital appreciation and current dividend income. This two-year unitary investment trust (Ticker: SMGICX) invests in 9 corporate common stock issues, including real estate investment trusts and master limited partnerships, as well as 17 corporate common stock issues of fixed capital investment.
“Income-oriented investors continue to be challenged to find compelling income-generating strategies in the current market environment without taking undue risk. The tax-free income trust offers a potential solution to these types of investors seeking higher levels of tax-free income with its focus on tax-exempt closed-end funds,” said Kevin Mahn, President and CIO at Hennion & Walsh Asset Management. “Furthermore, the hybrid approach of strategic growth and income trust, combining equities and closed-end funds, offers a potential solution for investors seeking higher levels of taxable income with total return potential. also.”
Hennion & Walsh currently has 18 different UITs in circulation, including these latest launches. UITs generally invest in a fixed portfolio, usually for a predetermined period of time. Rather than choosing from individual stocks and bonds, UITs allow individuals to invest in a basket of securities in a single purchase. Each portfolio is strategically designed to meet a specific set of investment objectives and needs, keeping in mind risk, income requirements, diversification and liquidity.
“We plan to continue to add innovative strategies to our growing line of UITs to meet the needs expressed by the market and seize the opportunity to add particular value where we deem appropriate,” said Rich Hennion, Partner of Hennion & Walsh. “Our firm has been a strong advocate for individual investors and we remain committed to helping them grow and protect their assets through our disciplined and innovative investment solutions.”
For more information or to speak with Hennion & Walsh, please contact Chris Moon at 973-850-7304 or [email protected].
About Hennion & Walsh
Hennion & Walsh (www.hennionandwalsh.com), a full-service brokerage firm specializing in municipal bonds, was founded in 1990 by Richard Hennion and Bill Walsh. Their mission is to be the fiercest and most passionate advocate for the individual investor. Investing guides, webinars, seminars, and online content are just a few of the ways they help investors be better informed and make better investment decisions. The company has built its reputation on developing strong, mutually beneficial relationships designed to last a lifetime, serving over 15,000 clients with brokerage accounts and managed portfolios. They are committed to providing individual investors with the institutional quality service and advice to which they believe they are entitled. Additional information about Hennion & Walsh is available at www.hennionandwalsh.com. Additional specific information about SmartTrust® Unit Investment Trusts (UIT) is available at www.smarttrustuit.com.
Contact: Chris Moon
SOURCE Hennion & Walsh