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Monday, August 01, 2016|
The New Fund Fuss -- August 1, 2016
Company: Foresters Financial
New Fund: First Investors Hedged U.S. Equity Opportunities Fund
The fund launched today and is designed to provide a portfolio that will create "attractive long-term total returns" for investors.
Company: American Funds
New Funds: American Funds Corporate Bond Fund and American Funds Emerging Markets Bond Fund
The Corporate Bond Fund will invest in investment-grade securities exclusively and will invest "at least 80 percent of its assets in corporate bonds." The Emerging Markets Bond Fund will also in invest at least 80 percent of its assets, but in securities of emerging markets issuers. Both funds launched today.
Company: Legg Mason
New Fund: Legg Mason International Low Volatility High Dividend ETF (Ticker: LVHI)
Legg Mason is a new issuer to the Bats ETF Marketplace as of July 28. The ETF, which launched on the same day, is designed to follow the investment results made up of "publicly traded equity securities of developed markets outside of the U.S. with relatively high yield and low price and earnings volatility."
New Funds: Direxion Daily European Financials Bull 2X Shares (Ticker: EUFL) and Direxion Daily Gold Miners Index Bear 1X Shares (Ticker: MELT)
EUFL and MELT launched on July 27. EUFL is designed to achieve 200 percent of MSCI Financial Index's daily performance, while MELT is designed to achieve 100 percent of the "inverse of the daily performance of the NYSE Arca Gold Miners Index."
Company: WBI Shares
New Fund: WBI Tactical Rotation Shares (Ticker: WBIR)
Launched on July 27, the ETF is designed to take advantage of opportunities and will protect capital in the midst of "unfavorable market conditions."
Company: ARK Investment Management
New Fund: The 3D Printing ETF
The ETF, which launched on July 19 and is listed on the BATS ETF Marketplace, is the first ETF in the U.S. to focus on the 3D printing ecosystem alone.
***To learn more about recent fund launches, check our most recent New Fund Fuss here. For information about SEC filings or new hires, check out our latest Stork and Reaper and People on the Move columns, respectively. If you have a fund filing that you would like to point out, a mutual fund launch, product change or new hire that you would like to announce, please contact the MFWire team at email@example.com.
Printed from: MFWire.com/story.asp?s=54490
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