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Friday, September 21, 2012|
Stork and Reaper for September 21, 2012
The past week in the mutual industry played out like a particularly grouchy episode of "Hell's Kitchen," with at least 19 funds leaving the restaurant, and only four to replace them.
The Stork's dinner guests included:
WisdomTree Asset Management [profile] launched the WisdomTree China Dividend Ex-Financials Fund.
Nationwide Funds [profile] launched the Nationwide Inflation-Protected Securities Fund.
Capital innovations has unveiled CI Global Infrastructure, Timber & Agribusiness Fund.
Orinda Asset Management [profile] launched the Orinda SkyView Macro Opportunities Fund.
Meanwhile, the following funds were chased out of the kitchen.
BluMont Capital Corporation merged Exemplar Market Neutral Portfolio into the Exemplar Yield Fund.
Mirae Asset Global Investments [profile] has closed two funds: the Brazil Sector Leader Fund and the China Sector Leader Fund.
Morningstar reported that Columbia Management Advisors [profile] has merged away 14 mutual funds.
Federated Investors [profile] is changing the name of its Federated Asset Allocation Fund to the Federated Global Allocation Fund.
Turner Investment Partners [profile] reorganized the Turner International Growth Fund into the John Hancock International Growth Equity Fund.
The Valley Forge Management Corporation [profile]lost its job as investment advisor to the Valley Forge Fund.
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