Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A $17B Subadvised Fund Family Will Liquidate This Month Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, October 3, 2016

A $17B Subadvised Fund Family Will Liquidate This Month

by: Neil Anderson, Managing Editor

A $16.9-billion subadvised mutual fund family will liquidate this month in favor of a different product structure: collective funds.

Bob Schultze
IMCA-RC
President and Chief Executive Officer
Our sister publication 401kWire reports that Vantagepoint Investment Advisers [profile] filed to shut down the VantagePoint funds, with liquidations scheduled for October 3, October 7, and October 14 for the different series in the fund family. Vantagepoint is the mutual fund arm of Washington, D.C.-based ICMA-RC, a retirement plan recordkeeper focused on state and local government defined contribution plans, called 457s.

ICMA-RC previously confirmed plans to move the Vantagepoint Funds assets into collective investment trust funds (CITs), a mutual-fund-like bank product with more pricing flexibility and no Investment Company Act of 1940 looming over it. A company spokesman confirms to MFWire that ICMA-RC is "on schedule" with the mutual-funds-to-CITs conversion.

The Vantagepoint funds include the Vantagepoint Milestone target date fund series, which date back to 2005. And the multi-manager Vantagepoint Diversifying Strategy Fund was launched in 2007. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use