MutualFundWire.com: The New Fund Fuss - January 5, 2017
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Thursday, January 05, 2017

The New Fund Fuss - January 5, 2017


Company: Direxion

New Funds: The Direxion Daily Consumer Staples Bear 1X Shares, the Direxion Daily Utilities Bear 1X Shares

Direxion is launching these ETFs. The Direxion Daily Consumer Staples Bear 1X Shares seeks "daily investment results of 100% of the inverse of the performance of the Consumer Staples Select Sector Index." The Direxion Daily Utilities Bear 1X Shares seeks "daily investment results of 100% of the inverse of the Utilities Select Sector Index."

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H. Kevin Birzer
Tortoise Capital Advisors
Co-Founder and Chief Executive Officer
Company: Tortoise Capital Advisors

New Fund: The Tortoise North American Energy Infrastructure Fund, The Tortoise Select Income Bond Fund

Tortoise is launching the Tortoise North American Energy Infrastructure Fund that invests in North American pipeline companies. The Tortoise Select Income Bond Fund is designed to seek "a high level of total return with an emphasis on current income."

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Company: Osterweis Capital Management

New Fund: The Osterweis Total Return Fund

Osterweis is launching this fund that seeks to "preserve capital and attain long-term total returns through a combination of current income and moderate capital appreciation."

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Company: 361 Capital

New Fund: The 361 U.S. Small Cap Equity Fund

361 Capital is launching this fund that seeks to "to achieve long-term capital appreciation that will exceed the Russell 2000 Index return over a three- to five-year time horizon."

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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 Filings For Fundsters and Follow the Fundsters columns, respectively. For job opportunities in the industry, explore our The Next Gig column. 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 editors@investmentwires.com.


Printed from: MFWire.com/story.asp?s=55452

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