T. Rowe Price
plans to launch a new series of eleven target date funds
to be called the T. Rowe Price Target Retirement Funds
, in its "ETF Weekly" column, that Arrow
] filed for permission to launch the ArrowShares Global Enhanced HY Bond ETF
, in its "ETF Weekly" column, that WisdomTree
] filed for permission to launch the WisdomTree S&P 500 Managed Distribution Fund
, an ETF designed to generate an annual yield of six percent.
, in its "Fund Times" column, that USAA
] filed to launch the USAA Global Managed Volatility Fund
, aiming for a July debut.
, in its "Fund Times" column, that on May 10 Neuberger Berman
] filed to launch the Neuberger Berman Greater China Equity Fund
. The fund will be PMed by Lihui Tang
and Frank Yao
, and its A shares will costs 187 basis points.
, in its "ETF Weekly" column, that Emerging Global Advisors
] filed to launch four actively-managed emerging markets ETFs and eight passively-managed emerging markets ETFs.
The Party's At Capacity
is closing off
the Mark Mobius
-helmed Templeton Frontier Markets Fund
to new investors as of June 28.
, in its "ETF Weekly" column, that last week Cambria Investment Management
launched the actively-managed Cambria Shareholder YIeld ETF
, for 59 basis points. Watch for Cambria, which already sub-advises an AdvisorShares active ETF, to roll out two more similar ETFs.
Last week Morgan Stanley Alternative Investment Partners
its first mutual fund, the Morgan Stanley AIP Dynamic Alternative Strategies Fund
. The fund is co-PMed by Ryan Meredith
and Patrick Reid
Value PM Mary Chris Gay
has left Legg Mason
to pursue other opportunities
. She had helmed the Legg Mason Capital Management Value Fund
. Sam Peters
took over her responsibilities for the portfolio.
On May 20 Altegris
that it has added global macro strategies from 300 North Capital
and Willowbridge Associates
to the neutral-rated
, $312.9-million Altegris Macro Strategy Fund
Last week Federated
that international fixed income chief Ihab Salib
will be the new PM of the three-star
, $330.3-million Federated Emerging Market Debt Fund
. Salib succeeds co-PMs Roberto Sanchez-Dahl
and Paolo Valle
, who left Federated.
, in its "Fund Times" column, that Michael Alocco
is no longer a PM for the three-star
, $1.8-billion USAA Small Cap Stock Fund
, in its "Fund Times" column, that Michael McLaughlin
is no longer a PM for the two-star
, $188.4-million Forward International Small Companies Fund
]. Bill Barker
, Paul Broughton
, Paul Herber
, Justin Hill
, David Janec
, Oliver Knobloch
, Jim O'Donnell
and Nathan Rowader
will continue to PM the fund.
, in its "Fund Times" column, that on May 9 Northern Funds
] dropped Cohen & Steers
] as a sub-advisor for the three-star
, $1.2-billion Northern Multi-Manager Global Real Estate Fund
. CBRE Clarion Securities and EII Capital Management will continue to sub-advise the fund.
, in its "Fund Times" column, that 13-year T. Rowe Price
] veteran Joe Milano
— who PMs the four-star
, $4.0-billion T. Rowe Price New America Growth Fund
— will leave the company. T. Rowe Price Media & Telecommunications Fund PM Dan Martino
will take over the New America Growth Fund.
Last week news broke
that PMs Chad Meade
, Ron Sachs
and Brian Schaub
are all leaving Janus
]. Sachs PMs the three-star
, $8.6-billion Janus Twenty Fund
and the two-star
, $3.6-billion Janus Forty Fund
. Meade and Schaub co-PM the five-star
, $2.3-billion Janus Venture Fund
and the five-star
, $5.0-billion Janus Triton Fund
. Morningstar reported
, in its "Fund Times" column, that Jonathan Coleman
of the Janus Fund will succeed Meade and Schaub, Marc Pinto
will succeed Sachs on Janus Twenty and new hire Douglas Rao
will take over Janus Forty.
, in its "Fund Times" column, that on July 31 Invesco
] will revamp and rebrand two quant mutual funds. The two-star
, $350.8-million Invesco U.S. Quantitative Core Fund
will become the Invesco Low Volatility Equity Yield Fund
, and the three-star
, $146.7-million Invesco Global Quantitative Core Fund
will become the Invesco Global Low Volatility Equity Yield Fund
Endurance Fund Services
has launched the Endurance Series Trust
. The first mutual fund on this trust is the Gator Focus Fund
, managed by Gator Capital Management
two bond funds: the John Hancock Short Duration Credit Opportunities Fund
and the John Hancock Global High Yield Fund
, in its "ETF Weekly" column, that Guggenheim
will delist its $2.61-million Guggenheim Yuan Bond ETF
on June 14 and distribute the remaining assets to shareholders on June 21. The ETF first launched in 2011.
They Grow Up So Fast
Last week Alpine Funds
that its five-star Alpine Global Infrastructure Fund
recently passed the $100-million AUM mark.
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