PARSIPPANY, N.J., July 27, 2011 /PRNewswire/ -- Hennion & Walsh, one of the nation's premier providers of investment services 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 (2011 Series G), further expanding the firm's line-up of proprietary SmartTrust® Unit Investment Trust (UIT) portfolios.
"Our SmartTrust offerings deliver accessible investment strategies timed to meet current market demands as well as the on-going needs of individual investors," said Bill Walsh, President and Partner of Hennion & Walsh. "Both the Tax-Free Income Trust and the Strategic Growth and Income Trust provide solutions for income-oriented investors backed by our disciplined asset management process and carefully screened investment vehicles."
The SmartTrust®, Tax-Free Income Trust (2011 Series H) seeks to provide investors with income that is generally exempt from regular federal income tax. This two-year unit 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) seeks to provide investors with capital appreciation and current dividend income. This two-year unit investment trust (Ticker: SMGICX) invests in 9 issues of common stock of companies including real estate investment trusts and master limited partnerships, as well as 17 issues of common stock of closed-end investment companies.
"Income-oriented investors continue to be challenged to find compelling income producing strategies in today's market environment without taking on undue risk. The Tax-Free Income Trust offers a potential solution to these types of investors looking for greater levels of tax-free income with its focus on tax-free closed-end funds," said Kevin Mahn, President and CIO at Hennion & Walsh Asset Management. "Additionally, the Strategic Growth and Income Trust's hybrid approach, combining stocks and closed-end funds, offers a potential solution for investors seeking greater levels of taxable income with the potential for total return as well."
Hennion & Walsh currently has 18 different UITs outstanding, including these latest launches. UITs generally invest in a fixed portfolio, typically for a predetermined period of time. Rather than selecting from individual stocks and bonds, UITs allow individuals to invest in a basket of securities with a single purchase. Each portfolio is strategically designed to handle a specific set of investment objectives and needs, keeping in mind risk, income requirements, diversification and liquidity.
"We expect to continue to add innovative strategies to our growing line-up of UITs to fulfill the expressed needs from the market and to realize the opportunity to add particular value where we see appropriate," said Rich Hennion, Partner of Hennion & Walsh. "Our firm has been a fierce champion of 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 individual investor's fiercest and most passionate advocate. Investment guides, webinars, seminars and online content are just some of the ways they help investors become better informed and make better investment decisions. The firm 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 guidance they believe they are entitled to. Additional information on Hennion & Walsh is available at www.hennionandwalsh.com. Additional specific information on the SmartTrust® Unit Investment Trusts (UITs) is available at www.smarttrustuit.com.
Contact: Chris Moon
SOURCE Hennion & Walsh