Company: Direxion

New Fund: Direxion Auspice Broad Commodity Strategy ETF (COM)

This ETF launched by Direxion, "seeks to provide total return that exceeds that of the Auspice Broad Commodity Index."



Company: HSBC Global Asset Management

Fund Reopen: HSBC Frontier Markets Fund

HSBC reopened this fund, whichwon a Lipper award last month. This fund has been closed to new investors since April 30, 2014.



Company: ETF Securities

New Funds: ETFS Bloomberg All Commodity Strategy K-1 Free ETF (BCI), ETFS Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD), ETFS Bloomberg Energy Commodity Longer Dated Strategy K-1 Free ETF (BEF)

Tracking the Bloomberg Commodity Indices, ETF Securities launched the above funds. They're pitching these commodity ETFs as the lowest cost in their respective NYSE Arca categories.



Company: JVB Financial

New Funds: Target Outcome Funds

JVB Financial partnered with Olden Lane Securities LLC to launch a series of unit investment trusts (UITs). They're pitching the Target Outcome Funds as a new category of UITs that seek to "offer a liquid, transparent and cost-effective vehicle for outcome-driven returns."



Company: FundX Investment Group

New Fund: FundX Sustainable Impact Fund (SRIFX)

On March 31, 2017, FundX launched this fund that seeks to "help investors own funds with strong returns and robust environmental, social and governance ("ESG") standards."



Company: Griffin Capital

New Fund: Institutional Access Credit Fund

Griffin Capital launched this fund which seeks to "generate both current income and capital appreciation with low volatility and low correlation to the broader markets." This fund is actively managed by Bain Capital Credit.



Company: USCF

New Fund: USCF Commodity Strategy Fund

USCF launched its first mutual fund by teaming up with SummerHaven Investment Management LLC. This fund will 'initially' offer two share classes (A shares and I shares), and will use the SummerHaven Dynamic Commodity Index (SDCI) as its benchmark.



Comapny: Arrow Funds

New Fund: Arrow Reserve Capital Management ETF (ARCM)

Arrow Funds launched this active fixed income ETF that seeks "capital preservation with maximum income," on April 4. This ETF is subadvised by Halyard Asset Management.



Company: Knowledge Leaders Capital

Fund Updates: Gavekal Knowledge Leaders Developed World ETF, Gavekal Knowledge Leaders Developed World Index

Knowledge Leaders Capital changed the name of its Gavekal Knowledge Leaders Developed World ETF to Knowledge Leaders Developed World ETF, and changed the name of the index tracked by this ETF. Previously, it was titled Gavekal Knowledge Leaders Developed World Index, and is now Knowledge Leaders Developed World Index.



Company: Trust Company of America

New Fund Platform: ETF Custody Advantage

TCA launched its new ETF platform which provides 60 ETFs from various asset classes. This platform also includes funds from other firms like Guggenheim Investments and Global X.



Company:Hedeker Wealth

Fund: Hedeker Strategic Appreciation Fund

Ultimus Fund Solutions was chosen to provide administration services to Hedeker Wealth's newly launched mutual fund, the Hedeker Strategic Appreciation Fund. Hedeker will launch its mutual fund through the Capitol Series Trust (CST), one of four series trusts serviced by Ultimus.



Company: BlackRock

Fund Index Change: iShares Emerging Markets Corporate Bond ETF (CEMB), iShares Emerging Markets Local Currency Bond ETF (LEMB)

BlackRock will change the indexes for the two iShares ETFs listed above, effective June 1. Both funds will undergo change names, underlying indexes, and index providers.



To learn more about recent fund launches, check our most recent New Fund Fuss here. For information about SEC filings or new hires, check out our latest Filings For Fundsters and Follow the Fundsters columns, respectively. For job opportunities in the industry, explore our The Next Gig column. If you have a fund filing that you would like to point out, a mutual fund launch, product change or new hire that you would like to announce, please contact the MFWire team at editors@investmentwires.com. 

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