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Friday, April 26, 2013|
Stork and Reaper for the Week of April 26, 2013
On April 22 Nationwide [profile] revealed that it had completed its adoption of the $71-million TS&W Fixed Income Portfolio, converting it into the new Nationwide Core Plus Bond Fund. Thompson, Siegel & Walmsley [profile] will now sub-advise the fund, and Bill Bellamy will continue to PM it.
IndexUniverse reported that on April 22 Pimco [profile] revealed that it received regulatory approval for three active ETF version of fixed income mutual funds: the Pimco Diversified Income ETF, the Pimco Real Return ETF and the Pimco Low Duration ETF. The trio will follow in the footsteps of the highly popular Pimco Total Return ETF that launched a year ago.
Aquila Investment Management has filed to reorganize the Aquila Narragansett Tax-Free Income Fund into a newly-organized series of Aquila Municipal Trust.
Touchstone is reorganizing the Touchstone Focused Equity Fund into the Touchstone Focused Fund.
Invesco is reorganizing three funds: the Invesco Leisure Fund into the Invesco American Franchise Fund; the Invesco Dynamics Fund into the Invesco Municipal Income Fund, and the Invesco Municipal Bond Fund into the Invesco Municipal Income Fund.
Old Mutual has reorganized the Skandia US All Cap Value Fund into the Old Mutual US Dividend Fund.
Principal is no longer a sub-advisor for the Wilmington Multi-Manager International Fund.
Check back as we update this column throughout the week.
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