If the mutual fund industry were a residential community, it would be subject to urban blight, with Storks developing only 15 new units, while the Reapers razed 40.
the Social Choice Bond Fund
the MFS Equity Income Fund
has birthed two new FlexShares
funds: the FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund
and the FlexShares Morningstar Emerging Markets Factor Tilt Index Fund
has opened the BlackRock Real Estate
the Altegris Fixed Income Long Short Fund
also unveiled the Northern Multi-Manager Global Listed Infrastructure Fund.
State Street Global Advisors has launched
two funds: the SPDR SSgA US Minimum Volatility ETF
and the SPDR SSgA Global Minimum Volatility ETF
Starboard Investment Trust
the Nuveen Symphony High Yield Bond Fund
Nationwide Mutual Funds
the Nationwide Emerging Markets Equity Fund
The Vanguard Group
to launch the Vanguard All-World Ex-US Shares Index ETF
There are firms that took down some houses while building new ones.
] is doing its part to contribute to both sides. Morningstar reports
that it will open five new funds and close three.
New York Life Investment Management bought
the Keystone Large Cap Growth Fund when it bought a minority stake in the fund's previous sponsor, Cornerstone Asset Management.
Meanwhile, the Reapers were on a tear.
Advisors Series Trust
is killing off
all seven ActivePassive Funds
Janus Investment is merging
the Janus Global Research Fund
into the Janus Worldwide Fund
the Laudus Mondrian Global Equity Inv
eight target-date funds, from the BlackRock Prepared Portfolio
to the series.
The Ambassador Funds will close down the five-fund Selkirk brand.
Federated Investors Inc. and Trustmark Corporation have reorganized eight Performance Funds Trust funds into seven Federated.
The MainStay Group of Funds is merging the MainStay Growth Equity Fund into the MainStay Cornerstone Growth Fund. It is also reorganizing the MainStay VP Growth Equity Portfolio.
Global X Funds plans to close four ETFs, including one for automobiles and one for aluminum, as well as NASDAQ 500 and NASDAQ 400 Mid-Cap investments.
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