If the mutual fund industry were a residential community, it would be subject to urban blight, with Storks developing only 15 new units, while the Reapers razed 40.
TIAA-CREF has
unveiled the
Social Choice Bond Fund.
MFS has
launched the
MFS Equity Income Fund.
Northern Trust has birthed two new
FlexShares funds: the
FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund and the
FlexShares Morningstar Emerging Markets Factor Tilt Index Fund.
BlackRock has opened the
BlackRock Real Estate fund,
according to
Morningstar.
Altegris has
launched the
Altegris Fixed Income Long Short Fund.
Northern Trust also unveiled
the Northern Multi-Manager Global Listed Infrastructure Fund.
State Street Global Advisors has launched two funds: the
SPDR SSgA US Minimum Volatility ETF and the
SPDR SSgA Global Minimum Volatility ETF.
Starboard Investment Trust has
launched the
Nuveen Symphony High Yield Bond Fund.
Nationwide Mutual Funds has
debuted the
Nationwide Emerging Markets Equity Fund.
The
Vanguard Group has
filed to launch the
Vanguard All-World Ex-US Shares Index ETF.
There are firms that took down some houses while building new ones.
Fidelity Investments [
profile] is doing its part to contribute to both sides.
Morningstar reports that it will open five new funds and close three.
New York Life Investment Management bought the Keystone Large Cap Growth Fund when it bought a minority stake in the fund's previous sponsor, Cornerstone Asset Management.
Meanwhile, the Reapers were on a tear.
Advisors Series Trust is
killing off all seven
ActivePassive Funds.
Janus Investment is merging the
Janus Global Research Fund into the
Janus Worldwide Fund.
Laudus Funds is
liquidating the
Laudus Mondrian Global Equity Inv fund.
BlackRock has
rebranded eight target-date funds, from the
BlackRock Prepared Portfolio to the
series.
The Ambassador Funds will close down the five-fund Selkirk brand.
Federated Investors Inc. and Trustmark Corporation have reorganized eight Performance Funds Trust funds into seven Federated.
The MainStay Group of Funds is merging the MainStay Growth Equity Fund into the MainStay Cornerstone Growth Fund. It is also reorganizing the MainStay VP Growth Equity Portfolio.
Global X Funds plans to close four ETFs, including one for automobiles and one for aluminum, as well as NASDAQ 500 and NASDAQ 400 Mid-Cap investments.
 
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