Hennessy Cornerstone Growth Fund Inv Cl (HFCGX)
Hennessy Cornerstone Growth Fund Inv Cl operates in the Asset Management industry of the Financial Services sector, headquartered in Nevato, CA, US. The stock last traded at $36.83, up 0.49% on the session, giving a market capitalisation of $315.6M. Its beta of 1.01 implies it has historically moved more than the broad market.
The Hennessy Cornerstone Growth Fund primarily invests in common stocks exhibiting strong growth potential. These investments encompass any company listed on a U.S. national securities exchange, including American Depositary Receipts (ADRs) – U.S. dollar-denominated securities from foreign issuers also traded on U.S. exchanges. Its stock selection process is driven by a quantitative methodology known as the Cornerstone Growth Strategy. The fund typically acquires 50 such stocks, maintaining an equal dollar weighting by allocating 2% of the portfolio's total assets to each. This strategy dictates an annual re-evaluation of the stock universe and a subsequent rebalancing of the portfolio, which generally occurs during the winter months.
Hennessy Cornerstone Growth Fund Inv Cl is most often compared with the following Financial Services names: