Index fund

Southern Asset Management's Li Haipeng Sees Promising Future for Bond Index Funds

Friday, May 15, 2020 - 8:00am

Southern Asset Management, as one of the earliest fund companies in China to develop bond index funds, has scaled up its bond index fund products continuously in recent years.

Key Points: 
  • Southern Asset Management, as one of the earliest fund companies in China to develop bond index funds, has scaled up its bond index fund products continuously in recent years.
  • Third, the management fees of bond index funds are usually lower than traditional money market funds and active bond funds.
  • Back to 2011, Southern Asset Management began to tap the bond index sector, and issued China Southern CSI 50 Bond Index Fund, which was transformed into China Southern China Bond 10-year Treasury Bond Index Fund in 2016.
  • By successively incepting and issuing index product series including China Southern China Bond 1-3 Years CDB Bond Index Fund, China Southern China Bond 3-5 Years ADBC Bond Index Fund and China Southern China Bond 7-10 Years CDB Bond Index Fund, the company has fully covered the yield curves of short-, medium- and long-term products.

Source Capital, Inc. Declares Quarterly Distribution on Common Stock

Monday, May 11, 2020 - 10:15pm

Source Capital, Inc. (the Fund) is a closed-end investment company managed by First Pacific Advisors, LP.

Key Points: 
  • Source Capital, Inc. (the Fund) is a closed-end investment company managed by First Pacific Advisors, LP.
  • A return of capital is not taxable; rather it reduces a shareholders tax basis in his or her shares of the Fund.
  • The Funds distribution rate may be affected by numerous factors, including changes in realized and projected market returns, Fund performance, and other factors.
  • As with any stock, the price of the Funds common shares will fluctuate with market conditions and other factors.

Financial Poise™ Announces "Crypto, Crowdfunding & Other Crazy Concepts" a New Webinar Series Premiering June 11th at 1:00 PM CST through West LegalEdcenter™

Monday, May 11, 2020 - 8:00pm

Should I (or my clients) enter the "crowd" in crowdfinance, and thus get in on start-ups that scale into unicorns?

Key Points: 
  • Should I (or my clients) enter the "crowd" in crowdfinance, and thus get in on start-ups that scale into unicorns?
  • For investors, each of these concepts implies assets not correlated with returns from index funds that invest only in public securities.
  • As with every Financial Poise Webinar, it will be an engaging and plain English conversation designed to entertain as it teaches.
  • Financial Poise is a meritocracy; nobody can "buy" their way into the Financial Poise Faculty.

Canoe EIT Income Fund Announces Quarterly Distribution on Preferred Units

Tuesday, May 5, 2020 - 8:20pm

The Fund makes monthly distributions of an amount comprised in whole or in part of Return of Capital (ROC) of the net asset value per unit.

Key Points: 
  • The Fund makes monthly distributions of an amount comprised in whole or in part of Return of Capital (ROC) of the net asset value per unit.
  • A ROC reduces the amount of your original investment and may result in the return to you of the entire amount of your original investment.
  • ROC that is not reinvested will reduce the net asset value of the fund, which could reduce the funds ability to generate future income.
  • You should not draw any conclusions about the funds investment performance from the amount of this distribution.

Canoe EIT Income Fund Announces May 2020 Distribution

Tuesday, May 5, 2020 - 8:16pm

The Fund makes monthly distributions of an amount comprised in whole or in part of Return of Capital (ROC) of the net asset value per unit.

Key Points: 
  • The Fund makes monthly distributions of an amount comprised in whole or in part of Return of Capital (ROC) of the net asset value per unit.
  • A ROC reduces the amount of your original investment and may result in the return to you of the entire amount of your original investment.
  • ROC that is not reinvested will reduce the net asset value of the fund, which could reduce the funds ability to generate future income.
  • You should not draw any conclusions about the Funds investment performance from the amount of this distribution.

Angel Oak Financial Strategies Income Term Trust Declares May 2020 Distribution

Friday, May 1, 2020 - 9:19pm

Angel Oak Financial Strategies Income Term Trust (the Fund), a closed-end fund traded on the New York Stock Exchange under the symbol FINS, today declared a distribution of $0.1010 per share for the month of May 2020.

Key Points: 
  • Angel Oak Financial Strategies Income Term Trust (the Fund), a closed-end fund traded on the New York Stock Exchange under the symbol FINS, today declared a distribution of $0.1010 per share for the month of May 2020.
  • The record date for the distribution is May 15, 2020, and the payable date is May 29, 2020.
  • The Fund seeks to pay a distribution at a rate that reflects net investment income actually earned.
  • 2020 Angel Oak Capital Advisors, which is the investment adviser to the Angel Oak Financial Strategies Income Term Trust.

FlexShares Updates Corporate Bond Funds - SKOR and LKOR – With New Indices

Thursday, April 30, 2020 - 3:00pm

Northern Trusts FlexShares Exchange Traded Funds today announced new underlying indices for two of its bond funds, effective immediately.

Key Points: 
  • Northern Trusts FlexShares Exchange Traded Funds today announced new underlying indices for two of its bond funds, effective immediately.
  • The Credit-Scored US Corporate Bond Index Fund ( SKOR ) will use the Northern Trust US Corporate Bond Quality Value Index and the Credit-Scored US Long Corporate Bond Index Fund ( LKOR ) has switched to the Northern Trust US Long Corporate Bond Quality Value Index.
  • The underlying indices of the FlexShares SKOR and LKOR funds are designed to optimize exposure to the quality and value factors by analyzing inputs such as valuation, spread, solvency, management efficiency and profitability.
  • FlexShares Exchange Traded Funds are designed to pursue specific investment goals across both passive and active strategies.

Canoe EIT Income Fund Announces April 2020 Distribution

Tuesday, April 7, 2020 - 9:34pm

The Fund makes monthly distributions of an amount comprised in whole or in part of Return of Capital (ROC) of the net asset value per unit.

Key Points: 
  • The Fund makes monthly distributions of an amount comprised in whole or in part of Return of Capital (ROC) of the net asset value per unit.
  • A ROC reduces the amount of your original investment and may result in the return to you of the entire amount of your original investment.
  • ROC that is not reinvested will reduce the net asset value of the fund, which could reduce the funds ability to generate future income.
  • You should not draw any conclusions about the Funds investment performance from the amount of this distribution.

Special Opportunities Fund Declares Distributions For Second Quarter of 2020

Friday, April 3, 2020 - 2:15pm

To the extent that the Funds net investment income and net realized capital gains exceed the aggregate amount distributed pursuant to the managed distribution plan, the Fund may make an additional year-end distribution.

Key Points: 
  • To the extent that the Funds net investment income and net realized capital gains exceed the aggregate amount distributed pursuant to the managed distribution plan, the Fund may make an additional year-end distribution.
  • No conclusions should be drawn about the Funds investment performance from the amount of the distributions.
  • The Fund will issue a notice to common stockholders that will provide an estimate of the composition of each distribution.
  • The current conversion ratio as well as other information about the Fund will be available on the Funds website at www.specialopportunitiesfundinc.com .

First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds

Wednesday, March 25, 2020 - 8:52pm

FTA has collective assets under management or supervision of approximately $138 billion as of February 29, 2020 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.

Key Points: 
  • FTA has collective assets under management or supervision of approximately $138 billion as of February 29, 2020 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.
  • In addition, a Fund's investment performance and risks may be related to the investment and performance of the underlying funds.
  • Certain Funds have fewer assets than larger, more established funds, and like other relatively new funds, large inflows and outflows may impact such Funds' market exposure for limited periods of time.
  • The First Trust Natural Gas ETF, First Trust Water ETF, First Trust Global Engineering and Construction ETF, First Trust Global Wind Energy ETF, First Trust Cloud Computing ETF and First Trust BICK Index Fund are not sponsored, endorsed, sold or promoted by the International Securities Exchange (ISE).