MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, July 12, 2016 Stork and Reaper -- July 12, 2016 Fund Updates As of yesterday, this fund changed it's name from AB Exchange Reserves to AB Government Exchange Reserves. The Delaware Value Fund will be closed to new investors this October. The Matthews Japan Fund will be closed to new investors on July 29. Management, Subadvisors or PM updates Mark Sommer is no longer the lead PM of the Fidelity Intermediate Municipal Income Fund, but serves as a co-manager with Cormac Cullen and replacing Jamie Paglicco. The Fidelity New York Municipal Income Fund now has three co-managers: Cormac Cullen; Kevin Ramundo and Mark Sommer. Mark Sommer is no longer the lead PM. Kevin Ramundo is no longer the PM for Fidelity Massachusetts Municipal Income Fund. He is now a co-manager of the fund with Cormac Cullen and Mark Sommer. Rayna Lesser Hannaway is no longer a co-manager of Fidelity Low-Priced Stock Fund. Morgen Peck is now serving as the co-manager. Jamie Pagliocco is no longer the lead PM of the fund, but Cormac Cullen serves as a co-manager. Adam Kramer replaced Thomas Soviero as the PM of Fidelity Convertible Securities Fund. Christopher Lin replaced Rayna Lesser as a co-manager to the Fidelity Advisor Stock Selector Mid Cap Fund. New Strategies The AB Government Exchange Reserves altered their investment strategy from a "prime" money market fund to a government money market fund. The "Investment Strategies and Risks" policy of the Delaware VIP REIT Series now mentions that this fund "may invest in limited partnerships." The Prime Obligations Fund will be considered an "institutional" money market fund on or around October 14. *** To learn more about recent SEC filings, check the last Stork and Reaper column here. If you have a fund filing that you would like to point out, or a mutual fund launch or product change that you would like to announce, please contact the MFWire team at editors@investmentwires.com .
Printed from: MFWire.com/story.asp?s=54387 Copyright 2016, InvestmentWires, Inc. All Rights Reserved |