The Stork has seemingly recovered from yesterday, delivering 4 new funds today.
Emerging Global Advisors
has filed to launch the EGA Emerging Global Shares Trust
. The ETF, which seeks investment results that correspond to the performance of the INDXX Beyond BRICs Index, will be advised by ALPS Advisors, Inc.
and sub-advised by EGA. [SEC Filing
is moving forward with the BlackRock US Real Estate Securities Strategy Fund
. The fund seeks total return from long-term growth of capital and dividend income. Mark Howard-Johnson
and Sherry Rexroad
will serve as the fund's PMs. [SEC Filing
Destra Capital Management
will expand its offerings with the new Destra Premium Equity Allocation Fund
. The fund will be sub-advised by Main Management LLC
. Kim D. Arthur
, James W. Concidine
, and J. Richard Fredericks
will serve as PMs, following the investment objective of seeking total return from current income and gains from long-term capital appreciation. According to a Main Management representative, the strategy is to build a global, low volatility portfolio that provides equity income, with monthly covered calls that provide a 3-4 percent return and dividend income that provides an additional 2-3 percent annually. [SEC Filing
is prepping the CBOE S&P 500 VIX Tail Hedge Fund
ETF. It will be managed by an investment committee headed by Daniel J. Lindquist
. The fund seeks results on par with the performance of the CBOE VIX Tail Hedge Fund Index. [SEC Filing
Meanwhile, the Reaper has taken another day off, and the fund world has been given another respite.
There were, however, changes in portfolio management and one retirement.
added a new PM for its Capital Appreciation
, Focus Growth
, and associated funds. Brian Krause
stepped in yesterday as PM, replacing former PM Ed Dowd
, who will continue working with the Fundamental Large Cap Growth team on the IT side. [SEC Filing for Focus Growth Fund
] [SEC Filing for Capital Appreciation Portfolio
James L. Callinan
, portfolio manager at RS Investments
and member of the RS Growth Team, will retire effective September 30, 2012, according to a document filed with the SEC
. Callinan will continue to serve as portfolio manager for the Active Portfolios Multi-Manager Small Cap Equity Fund
until the end of September.
Stay ahead of the news ... Sign up for our email alerts now