MutualFundWire.com
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 |
|
Monday, December 13, 2021 A $1B-AUM, Two-Fund Conversion Wraps Up A 13-year-old, $1.7-billion-AUM fund firm has finished converting its offerings into an all-ETF lineup, as planned. Today, Arnold Reichman, chairman of the RBB Fund, Inc. series trust, confirms that, at the end of the day on Friday, the MFAM Global Opportunities Fund and the MFAM Mid-Cap Growth Fund both converted into ETFs: the Motley Fool Global Opportunities ETF (TMFG) and the Motley Fool Mid-Cap Growth ETF (TMFM). The two funds hold a combined $1 billion in AUM and are part of the RBB series trust. The Motley Fool Asset Management [profile] (fka MFAM) team revealed the conversion plans back in September. Now all four of its funds (three active, one passive) are traditional, transparent ETFs. "The number of prospective conversions into ETFs remains high," Reichman states, noting that this is RBB's second conversion of the year. (The prior one was an SMA-to-ETF conversion.) Printed from: MFWire.com/story.asp?s=63754 Copyright 2021, InvestmentWires, Inc. All Rights Reserved |