NOVATO, Calif., March 8, 2019 /PRNewswire/ -- Hennessy Funds
today announced that the Hennessy Japan Small Cap Fund
(Institutional Class: HJSIX) has received the 2019 Lipper Fund
Award for best-in-category performance for the three-year period
ended 11/30/18 among 10 Japanese
funds. Lipper Fund Awards honor funds and fund management firms
that have excelled in delivering consistently strong risk-adjusted
performance relative to their
peers.
Through fundamental, bottom-up research, the Hennessy Japan
Small Cap Fund seeks to uncover high-quality, small-cap Japanese
companies that may be overlooked by other investors. The Fund is
sub-advised by Tokyo-based SPARX
Asset Management Co. Ltd. Founded in 1989 as a small-cap
specialist, SPARX has grown to become the largest independent asset
manager in Japan and has compiled
an extensive research database containing over 3,000 Japanese
companies.
"We are honored to receive this award from this prestigious,
industry-leading organization," said Neil
Hennessy, President and Chief Investment Officer of Hennessy
Funds. "Having the Portfolio Managers of our Japan Funds based in
Asia enables both rigorous due
diligence and in-depth understanding of the Japanese market
and culture, which we believe provides a crucial advantage for our
shareholders," he added.
About Hennessy Funds
Hennessy Funds offers a wide
range of domestic equity, multi-asset, sector and specialty
investment products. Hennessy is committed to its consistent and
repeatable investment process, combining time-tested stock
selection strategies with a highly disciplined, team-managed
approach, and to providing superior service to shareholders.
Investors should consider the investment objectives, risks,
charges and expenses carefully before investing. This and other
important information can be found in the Funds' summary and
statutory prospectuses. To obtain a free prospectus, please call
800.966.4354 or visit hennessyfunds.com. Please read the prospectus
carefully before investing.
Mutual fund investing involves risk; Principal loss is
possible. The Fund invests in small and medium capitalized
companies, which may have more limited liquidity and greater price
volatility than large-capitalization companies. The Fund invests in
the stock of companies operating in Japan; single country funds may be subject to
a higher degree of risk. The Fund may experience higher fees due to
investments in pooled investment vehicles (including ETFs).
Past performance does not guarantee future results.
A Lipper Fund Award is awarded to one fund in each Lipper
classification for achieving the strongest trend of consistent
risk-adjusted performance against its classification peers over a
three, five or ten-year period. Although Lipper makes reasonable
efforts to ensure the accuracy and reliability of the data
contained herein, the accuracy is not guaranteed by Lipper. Lipper
Analytical Services, Inc. is an independent mutual fund research
and rating service. © 2019, All Rights Reserved.
The Hennessy Funds
are distributed by Quasar Distributors, LLC,
Distributor.
|
View original
content:http://www.prnewswire.com/news-releases/hennessy-japan-small-cap-fund-named-2019-lipper-fund-award-winner-300809039.html
SOURCE Hennessy Advisors, Inc.