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Week 52: 12/23/2024- 12/27/2024- Fidelity registers three multi-sub-advised funds: the Strategic Advisers Fidelity Alternatives fund, Fidelity SAI Managed Futures fund, and Fidelity SAI Merger Arbitrage fund
- BlackRock files the iShares Long-Term National Muni Bond ETF
- Virtus Investment Advisers files the Virtus Global Credit Opportunities fund, an interval fund which will invest in credit-related instruments allocated across asset types, capital structures, and fixed/floating rate assets
- Invesco registers the Invesco Managed Futures ETF, which will take both long and short positions in derivative contracts linked to over fifty global markets to capitalize on price trends and historic relationships across global markets and asset classes
- ProFunds registers three actively managed ETFs, which will utilize long and short positions to seek investment results that correspond to a bitcoin-denominated investment in gold, the stocks of the S&P 500 Index, and the stocks of the Nasdaq 100 Index, respectively
- Neuberger Berman registers the NB Equity Income Plus ETF, which will seek total return with an emphasis on cash distributions through taking long and short positions in a diversified portfolio of U.S. equity securities combined with an option writing strategy, and will incorporate certain tax optimization strategies, including tax loss harvesting
- Randy Anderson has announced his intention to retire and will no longer serve as a portfolio manager to the Apollo Diversified Real Estate fund ($4.3B)
- Clear Sky Advisers, Endeavour Capital Advisors, and Waterfall Asset Management will leave the sub-advisory team of the Blackstone Alternative Multi Strategy fund ($3.7B)
MORE>>Week 51: 12/16/2024- 12/20/2024- Morgan Stanley files five E*TRADE No Fee Index funds
- Kevin Francfort will join Ali Khan in managing the Fidelity Select Software and IT Services fund ($11.3B)
- Artisan Partners Limited Partnership and Invesco Advisers will replace Neuberger Berman Investment Advisers and Ninety One UK on the sub-advisory team of two SEI funds, including the SIIT Emerging Markets Debt fund ($1.7B)
- The Six Circles Credit Opportunities fund ($9.5B) adds a European High Yield investment strategy to be managed by Muzinich & Co
- Effective February 20, 2025, the Invesco Total Return Bond ETF ($1.8B) will reduce its advisory fee by 15 basis points to 0.35%
- First Trust files five sub-advised ETFs, including the FT Vest Growth Strength & Target Income ETF, which will invest in U.S. exchange-traded equity securities intended to track an index comprised of growth strength companies and in investments intended to provide income in the form of option premiums
- Five Invesco ETFs will change their names, underlying index, index provider, and investment strategy, including the Invesco FTSE RAFI US 1000 ETF ($7.8B) (to be renamed Invesco RAFI US 1000 ETF)
- Fifteen Nuveen/TIAA funds, including the Nuveen Large Cap Value fund ($7.3B) and Nuveen Dividend Value fund ($3.4B), will modify their 80% policy in accordance to Rule 35d-1
MORE>>Week 50: 12/9/2024- 12/13/2024- ArrowMark Colorado Holdings and Boston Partners Global Investors will leave the sub-advisory team of the Strategic Advisers US Total Stock fund ($79.4B)
- James Stillwagon joined the management team of the T. Rowe Price Growth Stock fund ($52.8B), and Joseph B. Fath will step down as portfolio manager to the fund effective September 30, 2025
- Clark R. Shields will join Andrew J. Shilling in co-managing Wellington’s allocated portion of the Vanguard US Growth fund ($48.6B)
- Fidelity registers two multi-sub-advised funds, the Fidelity SAI Enhanced Core Bond fund and the Fidelity SAI Enhanced Municipal Income fund
- BlackRock files seven term-date index ETFs
- VanEck registers the actively managed, thematic VanEck Nuclear Innovators ETF, which will seek exposure to global companies involved in nuclear innovation
- The John Hancock Fund III Disciplined Value fund ($16.3B) and the John Hancock Disciplined Value International fund ($3.3B) each reduce their advisory fee rate
MORE>>Week 49: 12/2/2024- 12/6/2024- Vanguard registers the Vanguard STAR Core Plus Bond fund, which will invest in fixed income securities of various maturities, yields, and qualities
- BlackRock files three actively managed ETFs: the iShares Managed Futures Active ETF, the iShares GA Dynamic Equity Active ETF, and the iShares GA Disciplined Volatility Equity Active ETF
- The BlackRock Sustainable Balanced fund ($1.6B) will change its name to BlackRock Balanced fund and will remove ESG criteria from its investment strategy
- JPMorgan registers the JPMorgan US Research Enhanced Large Cap ETF, which will invest in large, well-established U.S. companies while modestly overweighting undervalued equity securities and underweighting overvalued equity securities
- JPMorgan plans to convert the JPMorgan Mortgage-Backed Securities fund ($5.8B) into an ETF of the same name on or about July 11, 2025
- Bessemer Investment Management registers the multi-sub-advised Old Westbury Total Equity fund
- Fidelity files a number of portfolio management changes, including Douglas Simmons leaving the management teams of the Fidelity Balanced fund ($56.3B) and Fidelity Series All-Sector Equity fund ($3.9B), among others
- First Trust files three actively managed ETFs: the First Trust Small Cap BuyWrite Income ETF, FT Vest Bitcoin Strategy Target Income ETF, and the sub-advised FT Vest Bitcoin Strategy Quarterly Buffer ETF
MORE>>
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