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Thursday, June 29, 2017

The New Fund Fuss - June 29, 2017

by: Waiho Zhang

Company: Direxion Funds

New Fund: Direxion Auspice Broad Commodity Strategy ETF

On June 28, Direxion Fund launched their Auspice Broad Commodity Strategy ETF. The fund is designed to allow investors to take advantage of rising commodity prices while mitigating risk by converting to cash and going flat when individual commodities are experiencing downward trends.


Company: U.S. Global Investors Fund

New Fund: U.S. Global GO GOLD and Precious Metal Miners ETF

On June 28, U.S. Global Investors launched the GO GOLD and Precious Metal Miners ETF (GOAU). GOAU is a passively managed smart factor fund created to track the U.S. Global GO GOLD and Precious Metal Miners Index (GOAUX). It is designed to capture the performance of companies that actively and passively engage in the production of precious metals.


Company: Virtus Investment Partners

New Fund: Virtus Enhanced Short U.S. Equity ETF

On June 28, Virtus launched the Enhanced Short U.S. Equity ETF. Virtus is pitching the fund as different from other inverse ETFs because it shorts exposure to large and mid cap U.S. equities without utilizing swaps and leveraged investment objectives. The fund also doesn't re-balance on a daily basis and is managed by Rampart Investment Management, a Virtus affiliate that specializes in disciplined and rules-based investment strategies.


Company: TrimTabs Asset Management

New Fund: TrimTabs Float Shrink ETF

On June 28, TrimTabs launched their Float Shrink ETF. This fund is primarily focused on beating the Russell 3000 Index by selecting about 100 companies that are generating cash flow and reducing their share count without leverage.


Company: T. Rowe Price Associates

New Fund: T. Rowe Price Retirement Income 2020 Fund

On June 27, T. Rowe Price launched the Retirement Income 2020 Fund that contains a managed pay-out structure which pays monthly dividends based on an annual distribution rate. This fund is designed for individual investors who are approaching retirement and would like to generate ongoing income from their accumulated retirement savings.


Company: Dodge & Cox Funds

Milestone: Dodge & Cox Global Bond Fund

On June 22, The Dodge & Cox Global Bond Fund attained its three-year public track record. The Fund is designed to focus on credit and bottom-up security selection along with a long-term investment horizon through an opportunistic and total return mindset. On May 1, the fund lowered its expense cap from 60 basis points (bps) to 45 bps in order to attract value for investors.


Company: Victory Funds

New Fund: VictoryShares US Multi-Factor Minimum Volatility ETF

On June 22, Victory Funds launched the US Multi-Factor Minimum Volatility ETF that is designed to track the Nasdaq Victory US Multi-Factor Minimum Volatility Index. The fund works to deliver risk-adjusted equity returns as well as minimizing overall volatility relative to the US board market.


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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