News by subject: Mutual Fund

Waddell & Reed Financial, Inc. today announced it has entered into a merger agreement with Macquarie Asset Management, the asset management division of Macquarie Group , under which Macquarie would acquire all of the outstanding shares of Waddell &...

First Eagle Investment Management, LLC ("First Eagle") today announced the launch of the First Eagle Credit Opportunities Fund (A-Share Class: FECAX, I-Share Class: FECRX). A multi-sector portfolio investing primarily in private and public credit...

The Wells Fargo Utilities and High Income Fund released information about the sources of today's distribution in a Notice provided to shareholders. The full text of the Notice is available below and on the Wells Fargo Asset Management website....

Domini Impact Investments LLC, an investment adviser specializing exclusively in impact investing, today launched the Domini International Opportunities Fund. This new mutual fund combines core exposure to international equity markets through the...

Wasatch Global Investors announced today the launch of the Wasatch Greater China Fund (WAGCX/WGGCX). The Fund will invest in what Wasatch believes are promising companies located in the Greater China region (China, Hong Kong and Taiwan). The Fund...

Today YCG, LLC ("YCG") is pleased to announce that the firm has surpassed $1 billion in assets under management. Since the firm's inception in 2007, YCG has built a successful separately managed accounts business and launched a Mutual Fund. The YCG...

RUME USA, a vertically integrated real estate investment firm targeting multifamily assets in strategic markets within the United States, announced today the launch of its RUME Capital Income and Growth Fund I. The Fund will leverage RUME's CORR...

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

About Defiance: Founded in 2018, Defiance ETFs is an exchange-traded funds (ETFs) sponsor and registered investment advisor, focused on thematic investing. Defiance's organic growth, driven by our innovative first-mover ETFs and cutting-edge digital...

NextFins is today marking the start of Diwali, the traditional "festival of lights" celebrated by millions of Indian families around the globe for over two thousand years, by offering INDF, the first and only India financials ETF, to U.S. investors....

First Trust Advisors L.P. ("FTA") announced today that shareholders of each of First Trust Mega Cap AlphaDEX® Fund , an index based exchange-traded fund ("ETF"), managed by FTA, and First Trust Dow 30 Equal Weight ETF , an index based ETF managed by...

Templeton Emerging Markets Income Fund [NYSE: TEI] today announced a monthly distribution from net investment income of $0.0442 per share, payable on November 30, 2020, to shareholders of record on November 16, 2020 (Ex-Dividend Date: November 13,...

Third Avenue Management LLC ("Third Avenue" or "the Firm"), a U.S.-based investment advisor, announced today that it has entered into an agreement with Real Estate Management Services Group, LLC ("REMS") to add the REMS International Real Estate...

First Republic Investment Management, a subsidiary of First Republic Bank , today announced the First Republic Founders IndexSM (Bloomberg:FRCFDR) outperformed the S&P 500 by 46% during its first year. The First Republic Founders IndexSM is an...

Franklin Limited Duration Income Trust [NYSE American: FTF], a closed-end investment company managed by Franklin Advisers, Inc., announced today a distribution of $0.0775 per common share, payable November 13, 2020, to shareholders of record on...

Citigroup Inc. ("Citigroup") announced today that it will redeem at its option, and in full, the two series of its C-Tracks exchange-traded notes listed in the table below and that Citigroup Global Markets Holdings Inc. ("CGMHI") will redeem at its...

Long Ridge Equity Partners ("Long Ridge"), a leading sector-focused private equity firm, today announced the final closing of Long Ridge Equity Partners III ("Fund III"). The oversubscribed fund closed at its hard cap of $400 million of Limited...

Cresset Partners and Diversified Real Estate Capital announced today the loan closing and construction start for the Cresset Diversified QOZ Fund ("Fund I") investment in the Residences at RiNo multifamily development in Denver, Colorado. This...

Loomis, Sayles & Company Global Equity Strategies team: 65.3 128 1 BILLION IN ASSETS UNDER MANAGEMENT COMBINED YEARS OF INVESTMENT EXPERIENCE INVESTMENT PHILOSOPHY GES Team As of 6/30/2020 GES Team As of 6/30/2020...

Nuveen: Nuveen AMT-Free Municipal Credit Income Fund , Nuveen AMT-Free Municipal Value Fund , Nuveen AMT-Free Quality Municipal Income Fund , Nuveen Arizona Quality Municipal Income Fund , Nuveen California AMT-Free Quality Municipal Income Fund...

The Board of Trustees of First Trust Enhanced Equity Income Fund (the "Fund") , CUSIP 337318109, previously approved a managed distribution policy for the Fund (the "Managed Distribution Plan") in reliance on exemptive relief received from the...

Vision 4 Fund Distributors, LLC (Vision 4), a leading turn-key provider of third-party sales and distribution services for investment management organizations, is pleased to announce the successful July 2020 closing of the $203,550,000 Aberdeen...

Today, MV Index Solutions GmbH (MVIS®) announced the licensing of the BlueStar Top-10 US Banks Index (ticker: BUBNKNTR) to Migdal Mutual Funds, a leading Israeli issuer of ETFs and index mutual funds. The BlueStar Top-10 US Banks Index (ticker:...

Waddell & Reed Financial, Inc. today reported preliminary assets under management of $70.3 billion for the month ended August 31, 2020, compared to $67.8 billion on July 31, 2020. Assets Under Management ($ in Millions)...

American Beacon Advisors, Inc. ("American Beacon"), a leading provider of investment advisory services to institutional and retail markets, announced today the launch of the American Beacon NIS Core Plus Bond Fund (A Class: NISAX; C Class: NISCX; Y...

Wasatch Global Investors announced today that effective at 4:00 p.m. EDT on September 11, 2020, the Wasatch Ultra Growth Fund?and related institutional strategy Wasatch Small Cap Ultra Growth?will be "soft closed" to new investors. The Fund will be...

ESG-focussed mutual funds are attracting large inflows, but fundamental challenges remain in defining what constitutes an ESG-labelled equity fund. In a systematic study of US equity funds, Barclays' Quantitative Portfolio Strategy ("QPS") team finds...

Waddell & Reed Financial, Inc. today reported preliminary assets under management of $67.8 billion for the month ended July 31, 2020, compared to $65.0 billion on June 30, 2020. Assets Under Management ($ in Millions) Preliminary...

Angel Oak Capital Advisors announced today that the Angel Oak UltraShort Income Fund (AOUIX) has surpassed $500 million in assets in just over two years. The Fund's attractive yield of 2.04%,1 which surpasses its peer group's average of 1.03%,1 has...

The Bulldog-Ancora Group, an entity formed by Bulldog Investors, LLC ("Bulldog") and Ancora Advisors, LLC ("Ancora"), today announced that it is terminating its tender offer to acquire up to $40 million worth of shares of Adams Natural Resources...

MFS Investment Management® (MFS®) announced today monthly distributions of the following closed-end funds, all with declaration dates of August 3, 2020, ex-dividend dates of August 18, 2020, record dates of August 19, 2020, and payable dates of...

First Pacific Advisors, LP ("FPA"), and Bragg Financial Advisors, Inc. ("Bragg"), advisor to the Queens Road Funds ("Queens Road"), have reached an agreement for FPA to oversee and market the Queens Road Funds and related institutional separate...

Western Asset Inflation-Linked Income Fund (the "Fund") announced today that the Special Meeting of Shareholders (the "Meeting") originally scheduled for Tuesday, July 14, 2020 at 9:00 a.m. Eastern Time and subsequently adjourned to Wednesday, July...

First Republic Investment Management, a subsidiary of First Republic Bank , today announced the launch of the FRC Founders Index FundSM (Bloomberg:FNDRX), a fund which seeks to provide investment results that correspond generally to the total return...

The Domini Impact Equity Fund Investor shares (ticker symbol DSEFX) ranks in the top 1% of the US Fund Large Blend category of mutual funds as calculated by Morningstar, a respected mutual fund ranking service, based on one-year risk-adjusted total...

ETF Managers Group LLC ("ETFMG"), a leading thematic ETF issuer, announces that the first thematic product brought to market by the issuer, the ETFMG Prime Junior Silver Miners ETF , has exceeded a significant milestone of $300 million* in assets...

Morgan Stanley India Investment Fund, Inc. (the "Fund") announced today that the Fund's tender offer for 1,997,600 of its issued and outstanding shares of common stock, representing approximately 15 percent of the Fund's outstanding shares, expired...

FPA New Income, Inc. (FPNIX, the "Fund"), a mutual fund with total assets of approximately $7.8 billion, and the availability of separate accounts that pursue the same strategy, will close to new investors, effective the close of business on July 31,...

Waddell & Reed Financial, Inc. today reported preliminary assets under management of $65.0 billion for the month ended June 30, 2020, compared to $64.0 billion on May 31, 2020. Assets Under Management ($ in Millions) Preliminary...

Wasatch Global Investors announced today that effective at 4:00 p.m. EST on July 31, 2020, the Wasatch Core Growth and Small Cap Growth Funds?and related institutional strategies?will be "soft closed" to new investors. The Funds will be closed to new...

Each of the funds listed on Appendix A (each, a "Fund", and, together, the "Funds") announced today that, due to the public health impact of the coronavirus ("COVID-19") pandemic and to support the health and safety of Fund shareholders, the location...

The Trustees of The Putnam Funds declared the following distributions.   RECORD/ PAYMENT FUND NAME AND DISTRIBUTIONS EX DATE DATE             Putnam High Yield Fund - Class B Shares (PHYBX)    ...

Tortoise today announced upcoming additions and deletions to its indices as part of its regular quarterly rebalancing for the second quarter of 2020. Following the close of trading on June 19, 2020, the indices will be rebalanced and as a result, the...

Morgan Stanley India Investment Fund, Inc. (the "Fund") announced today that its Board of Directors has approved a tender offer to acquire in exchange for cash up to 15 percent of the Fund's outstanding shares at a price equal to 98.5 percent of the...

First Trust/Aberdeen Emerging Opportunity Fund (the "Fund") has declared the Fund's regularly scheduled quarterly distribution of $0.35 per share. The distribution will be payable on June 30, 2020, to shareholders of record as of June 23, 2020. The...

Domini Impact Investments LLC, a U.S. pioneer in impact investing, has published the Domini Funds 2019 Impact Report, which highlights the firm's achievements and explains how Domini works for its shareholders to create value for the planet and its...

At a special meeting of shareholders held on November 6, 2019, shareholders of Comstock Capital Value Fund (the "Fund") approved proposals that included a change in the nature of the Fund's business to cease to be an investment company under the...

Western Asset Variable Rate Strategic Fund Inc. (the "Fund") today announced that Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis"), two of the leading independent proxy advisory firms, recommend that shareholders vote...

BlackRock Advisors, LLC announced today that BlackRock Muni New York Intermediate Duration Fund, Inc. (the "Fund") intends to redeem all of its outstanding Series W-7 Variable Rate Demand Preferred Shares, par value $0.10 per share ("VRDP Shares"),...

Interactive Brokers Group, Inc. today announced the launch of its new Mutual Fund Marketplace, which offers availability to more than 25,000 mutual funds worldwide, including over 21,000 no load and 8,300 no transaction fee funds, from more than 290...