Fund: Fallen Angel High Yield Bond ETF (ANGL)
the fifth anniversary of ANGL
on April 10. The New York City-based fund firm pitches the ETF as the first to target investment grade funds that downgraded to 'junk status,' hence the "fallen angels" title.
New Indices: CFRA-Stovall Large Cap Seasonal Rotation Index (CSAMSRLC), CFRA-Stovall Equal Weight Seasonal Rotation Index (CSAMSREW), CFRA-Stovall Small Cap Seasonal Rotation Index (CSAMSRSC), CFRA-Stovall Global Seasonal Rotation Index (CSAMSRGL)
its suite of seasonal rotation indices, on April 19. These indices have been "backtested to demonstrate efficacy and in all cases have outperformed their targets with lower volatility."
Company: Toroso Asset Management
New Fund: Toroso ETF Industry Index
the Toroso ETF Industry Index
on April 20. It is "is designed to provide exposure to the publicly traded companies that derive revenue from the ETF industry." Accompanying this launch, the ETF Industry Exposure & Financial Services ETF
was also launched
and began trading on April 20. This ETF tracks the new Toroso ETF Industry Index.
Company: Nuveen Investments
Fund: TIAA-CREF Lifecycle Funds
these funds with the addition of direct real estate investments within the portfolios.
Company: Charles Schwab Investment Management
Funds: Schwab Short-Term Bond Market Fund, Schwab Total Bond Market Fund
Schwab is liquidating
the above funds, despite prior plans to merge them into another pair of Schwab funds, the Schwab Short-Term Bond Index Fund
and the Schwab U.S. Aggregate Bond Index Fund.
The Short-Term Bond Market Fund and the Total Bond Market Fund were closed to new investors on February 22, and by August 16 all purchases and exchanges will be closed. Liquidation of the two funds is scheduled for August 18.
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 email@example.com.
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