the Pimco Emerging Markets Full Spectrum Bond Fund
, PMed by managing director and global emerging markets PM team co-head Michael Gomez
. The new mutual fund features A shares, C shares, D shares, institutional shares and P shares.
] has launched
the ProShares Global Listed Private Equity ETF
] has launched
the First Trust High Yield Long/Short ETF
] has plans to launch
the Vanguard Emerging Markets Government Bond Index Fund
and its ETF Shares by the end of the second quarter of 2013.
] has launched
the U.S. Equity High Volatility Put Write Index Fund
two pending mutual fund mergers slated for May 17. Pending shareholder approval, the one-star, $142.7-million Touchstone Focused Equity Fund
will merge into the five-star, $569.9-million Touchstone Focused Fund
, and the three-star, $99.4-million Touchstone Short Duration Fixed Income Fund
will merge into the four-star, $604.0-million Touchstone Ultra Short Duration Fixed Income Fund
the ETF Market Opportunity Fund
, formerly managed by Aviemore Asset Management
, and reorganizing it within the Stadion Trust.
Party At Capacity
] has curtailed access
Vanguard Wellington Fund
and the Vanguard Intermediate-Term Tax-Exempt Fund
has added two associate PMs to his funds, as reported this week on MFWire
. Jeff Fahrenbruch
and David Ganucheau
have both been added to the Vanguard
] Windsor II
fund, which Barrow, Hanley, Mewhinney & Strauss
] is replacing several equities funds managers, according to a Bloomberg
The $773 million BlackRock Energy and Resources Portfolio
and the $384 million BlackRock All-Cap Energy and Resources
will now be managed by Robin Batchelor
and Poppy Allonby
. Both were previously managed by Denis Walsh
and Daniel Neumann
. This team had only managed the funds since June, when Daniel Rice
The BlackRock Small Cap Growth Equity Portfolio
, worth $1.4 billion, will see Andrew Thut
and Andrew Leger
The $286 million BlackRock Mid-Cap Growth Equity Portfolio
will no longer be managed by Eileen Leary
. All of the replaced managers will be leaving BlackRock, according to reporter Alexis Leondis. Check out the full story here
plans to tweak the four-star, $35.1-million Touchstone Micro Cap Value Fund
, currently sub-advised by Russell Implementation Services
. Touchstone will add Apex Capital Management
as a sub-advisor, change the mutual fund's style to small-cap growth equities, and rebrand the fund as the Touchstone Small Cap Growth Fund
. The changes are slated for April 26.
sub-advisors for the three-star, $22.4-million Touchstone Global Real Estate Fund
. Cornerstone Real Estate Advisers
had sub-advised the mutual fund since inception in 2009. On Friday Touchstone swapped in Russell Implementation Services
as interim sub-advisor.
] has added
three portfolio managers: Chad Baumler
, who will PM the U.S. Value strategy, which includes management of the American Century Value and VP Value funds; Steven Rodriquez
, who will co-manage the U.S. Real Estate Securities and Global Real Estate Securities strategies, which includes management of the American Century Real Estate and Global Real Estate funds, and Le Tran
who, as part of the Money Market team, will co-manage the American Century Tax-Free Money Market and California Tax-Free Money Market funds.
] has hired Laton Spahr
and three other PMs to manage
both the Oppenheimer Value Fund
and Oppenheimer Small & Mid Cap Value Fund
On February 25 Invesco
a third underlying component, the Invesco Balanced-Risk Aggressive Allocation Fund
, to its target date Invesco Balanced-Risk Retirement
funds. The five target date funds hold about $434 million.
to liquidate six mutual funds: the two-star, $14.9-million Touchstone Emerging Growth Fund
; the two-star, $24.2-million Touchstone Global Equity Fund
; the two-star, $19.5-million Touchstone International Equity Fund
; the one-star, $31.4-million Touchstone Large Cap Relative Value Fund
; the one-star, $36.4-million Touchstone Market Neutral Equity Fund
; and the three-star, $12.4-million Touchstone U.S. Long/Short Fund
. The liquidations are slated for March 26.
Security Equity Fund
two funds: the Large Cap Concentrated Growth Fund
and the Small Cap Growth Fund
Check back as we continue to update this column throughout the week.
If you have a mutual fund launch or product change that you wish to announce, e-mail the MFWire team at firstname.lastname@example.org.
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