Magazine

Huntington New Economy Fund: Zeroing In On Aircraft


FUND MANAGER: Bernie Shinkel, 60.

TENURE: Started fund in 2001. Joined Huntington National Bank (HBAN) in 1997.

EDUCATION: Has a PhD in finance from Purdue University. His thesis focused on the economics of consumer credit.

STOCK I LIKE: Precision Castparts (PCP) "It manufactures complex metal components and products for aerospace and specialized industries. The stock is attractive, considering its 20% projected earnings per share growth and strong balance sheet."

NEWCOMER TO PORTFOLIO: priceline.com (PCLN) "Priceline has made smart acquisitions. It will continue to do well in Europe as well as in the U.S. because it has gone beyond the name-your-own-price model."

STOCKS I'VE AVOIDED: "We recently trimmed our consumer stocks due to a slowing economy. The companies we sold include AutoNation (AN), Circuit City (CC), and Black & Decker (BDK)."

CURRENT READING: Fortune's Formula: The Untold Story of the Scientific Betting System that Beat the Casinos and Wall Street by William Poundstone.

AFTER HOURS: Attends military-style workout class weekdays at 5:30 a.m. Avid skier.

Symbol: HNETX

Category: Mid-cap growth

BusinessWeek Ranking: A*

Assets: $125 million

Sales charge: None

Expense ratio: 1.43%

The goal: Find industry leaders of the future that have new technologies, products, processes, or services

Number of the stocks in the fund: 104

*Based on five-year risk-adjusted total returns compared with all other mid-cap growth funds; Data: Huntington Funds, Morningstar Inc.

By Lauren Young


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