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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 |
|
Friday, August 5, 2016 Stork and Reaper -- August 5, 2016 Fund Updates The AB Global Thematic Growth Fund 's name will be changed to AB Sustainable Global Thematic Fund on Nov. 1. As of today, the investment advisory fee for the Aspiriant Risk-Managed Global Equity Fund was reduced from 0.40 percent to 0.24 percent. The Aspiriant Risk-Managed Municipal Bond Fund's investment advisory fee was reduced from 0.30 percent to 0.27 percent. Management, Subadvisor or PM updates On Aug. 6, Taylor Wagenseil will cease to be the PM for the following funds: MainStay Absolute Return Multi-Strategy Fund; MainStay High Yield Opportunities Fund ; MainStay Unconstrained Bond Fund and MainStay Income Builder Fund . Charlie Hu replaced David Lai as a PM of China Asset Management (Hong Kong) Limited, which is the subadvisor to the VanEck Vectors ChinaAMC China Bond ETF. Strategy Shifts The AB Concentrated Growth Fund 's board of directors updated its investment objective and strategies, which will be effective Nov. 1. The AB Global Thematic Growth Fund 's investment strategy will change to "reflect a focus on investing insecurities of companies that are positively exposed to sustainable investment themes" starting Nov. 1. Terminated Funds The AB Michigan Portfolio is scheduled to be liquidated sometime around Oct. 31. ***
Check our last Stork and Reaper column for more SEC filing updates. For the latest new hires and fund launches, explore our People on the Move and New Fund Fuss columns. If you have a fund filing, a mutual fund launch, a product change or a new hire that you would like to announce, please contact the MFWire team at editors@investmentwires.com.
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