MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, August 1, 2012 AdvisorOne Drops a Subadvisor CLS Investments has made a change in the management of its AdvisorOne Enhanced Income Fund, removing subadvisor Capital Wealth Planning, which had managed the options-writing portion of the fund since its inception in 2009. CLS investment research analyst Grant Engelbart confirmed the change. He told MFWire that a new subadvisor has not been named, and that CLS will handle the services that Capital provided internally. The AdvisorOne Enhanced Income Fund is a long/short fund with $83 million in AUM. CLS Investments, based in Omaha, Nebraska, sponsors the AdvisorOne series of ten no-load mutual funds, of which the flagship fund, the $483 million AdvisorOne Amerigo, launched in 1997. MFWire was unable to reach representatives of the Naples, Florida-based Capital Wealth Planning. According to a disclosure brochure available online, the company manages over $300 million, and Kevin Simpson is its principal owner. Printed from: MFWire.com/story.asp?s=40807 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |