News by subject: Mutual Fund

The Board of Trustees of Managed Portfolio Series has determined to close and liquidate the Tortoise Cloud Infrastructure Fund (Cboe BZX: TCLD). After the close of business on Dec. 30, 2019, the fund will no longer accept orders for new creation...

Foreside Financial Group, LLC ("Foreside"), a provider of regulatory and compliance service and technology offerings to clients in the global asset and wealth management industry, today announced its intent to acquire U.S. Bancorp's mutual fund and...

Pacific Global ETFs, one of Pacific Life's family of funds, announced today the addition of two income-focused exchange-traded funds (ETFs) to its growing suite of actively managed, income-focused investment strategies. The new funds, Pacific...

Nuveen, today announced that the Nuveen AMT-Free Quality Municipal Income Fund and Nuveen AMT-Free Municipal Credit Income Fund have each declared post-merger distributions. These distributions follow the pre-merger distributions, announced on...

Baird Funds today launched the Baird Strategic Municipal Bond Fund (BSNIX/BSNSX) and the Baird Municipal Bond Fund (BMQIX/BMQSX). These are the first new bond funds introduced by the Baird Advisors team since launching Baird Short-Term Municipal Bond...

Special Opportunities Fund, Inc. (the "Fund") , announced today that its Annual Meeting of Stockholders will be held on December 11, 2019 at 10:30 a.m., Eastern time, at the offices of Blank Rome LLP, 1271 Avenue of the Americas, 16th Floor, New...

State Street Corporation today announced that it has been appointed by Avantis Investors, a new unit within American Century Investments, to provide a range of broad ETF services for its five newly launched low-cost funds. Services will include...

Waddell & Reed Financial, Inc. today reported preliminary assets under management of $68.9 billion for the month ended October 31, 2019, compared to $68.8 billion on September 30, 2019. Assets Under Management ($ in Millions)...

Tortoise today announced the estimated character of distributions for the Tortoise midstream mutual funds to be paid in the calendar year 2019. The table below lists estimates based on preliminary information as of Oct. 31, 2019 and are subject to...

Astor Investment Management is proud to celebrate the 10-year anniversary of its Astor Dynamic Allocation Fund (ASTIX), a mutual fund that takes a macroeconomics-based approach to asset allocation. "In 2009, coming out of the ?Great Recession,' We...

Three Nuveen Closed-End Funds announced pre-merger distributions. The specific distribution dates and amounts are detailed below. As previously announced, the shareholders of Nuveen North Carolina Quality Municipal Income Fund approved the fund's...

Tortoise released its Tax-Advantaged Social Infrastructure Fund (TSIFX) 3rd quarter commentary piece. The piece highlights deal transactions made during the quarter and includes a market update and outlook. A copy of the commentary piece is available...

Investors will have to wait to once again put money into Bacon.work after the "Tinder of temp jobs" closed its initial investment round of $3 million. Bacon is a fast-growing startup included in the Hall Opportunity Fund 1, the first tax-advantaged...

Tortoise today announced that Buckeye Partners LP will be removed from the Tortoise MLP Index® (TMLP) and the Tortoise North American Pipeline Index? (TNAP) following the completion of the acquisition by global institutional fund manager, IFM...

Ave Maria Mutual Funds announced today that Lila Rose has joined its Catholic Advisory Board. Lila is a human rights activist, speaker, writer, and podcast host. She founded and serves as president of Live Action, a media and news nonprofit dedicated...

Voya Global Advantage and Premium Opportunity Fund and Voya Infrastructure, Industrials and Materials Fund (each a "Fund" and together the "Funds") today announced important information concerning the Funds' distributions declared in September...

Sierra Mutual Funds, Inc., an emerging manager and a pioneer in tactical, low volatility, conservative investing, today announced the launch of the Sierra Tactical Bond Fund, a new bond mutual fund that will utilize Sierra's distinctive tactical...

ProFunds, a leader in leveraged and inverse fund investing, announced today forward and reverse splits on the ProFunds and ProFunds VP Funds listed below. The forward and reverse splits will not change the value of a shareholder's investment....

Waddell & Reed Financial, Inc. today reported preliminary assets under management of $68.8 billion for the month ended September 30, 2019, compared to $69.6 billion on August 31, 2019.   Assets Under Management          ...

Tortoise today announced that Carbon Black, Inc. will be removed from Tortoise Global Cloud Infrastructure IndexSM, effective Oct. 11, 2019, as a result of the completion of the acquisition by VMware, Inc. on Oct. 8, 2019. Connecticut Water...

Charles Schwab Investment Management, Inc. (CSIM), an asset management arm of The Charles Schwab Corporation, is launching three new fixed income exchange-traded funds (ETFs). The new fixed income ETFs, whose 0.06% operating expense ratios (OERs)...

Special Opportunities Fund, Inc. (the "Fund") today announced that the Fund's Board of Directors (the "Board") has declared the next three dividends under the Fund's managed distribution plan. Under the Fund's managed distribution plan, the Fund...

Canyon Partners, a global alternative asset manager with over $26 billion in assets under management, is pleased to announce that the River Canyon Total Return Bond Fund has eclipsed $100 million in assets under management. RCTIX employs a bottom-up...

Amundi Pioneer today introduced a new mutual fund, Pioneer Emerging Markets Equity Fund (the "Fund"). The Fund is managed by Amundi's Paris-based Emerging Markets Equity team, which has been managing emerging markets equity strategies for more than...

Aperture Investors, a new asset manager with a disruptive fee and manager compensation model, today announced the availability of its second fund in the U.S. - the Aperture Endeavour Equity Fund (ticker: ATOMX), led by Tom Tully, a portfolio manager...

Tortoise today announced that Valener Inc. was removed from Tortoise North American Pipeline IndexSM (TNAP) in a special rebalancing following the completion of the acquisition by Noverco Acquisition, Inc. on Friday, Sept. 27, 2019. Special...

Tortoise today announced it has completed its previously announced acquisition of the midstream energy asset management business of Advisory Research Inc. from Piper Jaffray Companies . The transaction brings together two highly experienced and...

Tortoise today announced that Total System Services Inc. will be removed from the Tortoise Global Digital Payments Infrastructure Index® (TPMT) and replaced by shares of Global Payments Inc. on Sept. 20, 2019, following the completion of the merger...

Tortoise today announced upcoming additions and deletions to its indices as part of its regular quarterly rebalancing for the third quarter of 2019. Following the close of trading on Sept. 20, 2019, the indices will be rebalanced and as a result, the...

Waddell & Reed Financial, Inc. today reported preliminary assets under management of $69.6 billion for the month ended August 31, 2019, compared to $71.5 billion on July 31, 2019. Assets Under Management ($ in Millions) Preliminary...

Ivy Investment Management Co. today announced annual distributions for its three Ivy NextShares exchange-traded managed funds. The distribution schedule and amounts for Ivy Focused Energy NextShares, Ivy Focused Growth NextShares and Ivy Focused...

First Trust Global Portfolios Limited ("FTGP") announces the declaration of the quarterly distribution for First Trust Germany AlphaDEX® UCITS ETF (the "Fund"). The Fund is advised by First Trust Advisors L.P. ("FTA"). The following dates apply to...

Pekin Hardy Strauss Wealth Management, a Chicago-based independent investment adviser, has been recognized by B Lab as a 2019 Best For The World Honoree in the categories of Changemaker and Customers. Pekin Hardy Strauss ranked in the top 10 percent...

Xiang He Capital, the China TMT focused venture capital firm founded by former Baidu executives Mr. Hesong Tang and Ms. Maggie Yang, has recently closed its second USD-denominated venture fund at the increased hard cap of $425 million. The Fund was...

The Advisory Research MLP & Energy Income Fund (INFIX) and MLP & Energy Infrastructure Fund Class I (MLPPX), open-end mutual funds, announce quarterly distributions of $0.1776. The distributions, payable to shareholders of record as of August 28,...

First Trust Advisors L.P. ("First Trust") a leading exchange-traded fund ("ETF") provider and asset manager, announced today that it has launched the First Trust EIP Carbon Impact ETF (the "fund"). The fund is managed and sub-advised by Energy...

Ivy Investment Management Company (IICO) announced today that the Board of Trustees of Ivy NextShares (the Trust) has approved delisting from The NASDAQ Stock Exchange and the subsequent liquidation of the three series of the Trust (collectively,...

Waddell & Reed Financial, Inc. today reported preliminary assets under management of $71.5 billion for the month ended July 31, 2019, compared to $71.9 billion on June 30, 2019. Assets Under Management ($ in Millions) Preliminary...

The Alerian MLP ETF declared its third quarter 2019 distribution of $0.19 on Wednesday, August 7th. The dividend is payable on August 15, 2019 to shareholders of record on August 9, 2019. Based on current financial information, the distribution is...

The Alerian Energy Infrastructure ETF declared its third quarter 2019 distribution of $0.31226 on Wednesday, August 7th. The dividend is payable on August 15, 2019 to shareholders of record on August 9, 2019. AMLP Cash Distributions: Ex-Date:...

Ariel Investments, LLC has announced the election of Leslie A. Brun, chairman and chief executive officer of Sarr Group, to the company's Board of Directors. "Les Brun brings a wealth of expertise and leadership from more than 40 years of...

Tributary Funds, the mutual fund family of First National Bank of Omaha, has launched the new Tributary Small/Mid Cap Fund. The Tributary Small/Mid Cap Fund utilizes an active management approach in an attempt to capture the inefficiencies of the...

Waddell & Reed Financial, Inc. today reported second quarter 2019 net income1 of $33.9 million, or $0.45 per diluted share, compared to net income of $32.1 million, or $0.42 per diluted share, during the prior quarter and net income of $44.5...

Employee-owned Baird announced today that veteran municipal bond portfolio manager Lyle Fitterer will join the Baird Advisors team on August 6. Fitterer will co-lead the municipal investment team with Duane McAllister and will become part of Baird...

Tortoise today announced the launch of three UCITS funds: the Tortoise Energy Transition UCITS Fund, the Tortoise Sustainable Listed Infrastructure UCITS Fund and the Tortoise Sustainable Global Water UCITS Fund. These new products are part of the...

Please replace the release with the following corrected version due to multiple revisions. The corrected release reads: LEADER CAPITAL DEBUTS A STAND ALONE TRUST, ADDS THREE TRUSTEES TO BOARD OF DIRECTORS The firm continues to innovate its...

Red Rocks Capital announced today that its Global Listed Private Equity (GLPE) Index advanced 5.97% during Q2-2019, outpacing global all-cap and small/mid-cap public equities, global REITs, and global hedge funds as low interest rates, attractive...

Fidelity Investments®, one of the industry's largest and most experienced providers of both low-cost active and index products, today announced an expansion of its index fund offering. Fidelity, with more than $482 billion in index assets under...

Tortoise today announced that Red Hat Inc. has been removed from Tortoise Global Cloud Infrastructure IndexSM as a result of the completion of the acquisition by International Business Machines Corp. on July 9, 2019. About Tortoise Tortoise...

NEO Connect and Univeris are proud to announce that PEAK Investment Services, part of PEAK Financial Group ("PEAK"), has become the first mutual fund dealer to offer its advisors direct access to Platform Traded Funds (PTFs). PTFs are distributed on...