Mutual fund

Announcing VanEck Vectors ETFs’ June 2020 Distributions

Wednesday, July 1, 2020 - 1:13am

Shareholders or potential shareholders of VanEck Vectors ETFs should obtain their own independent tax advice based on their particular circumstances.

Key Points: 
  • Shareholders or potential shareholders of VanEck Vectors ETFs should obtain their own independent tax advice based on their particular circumstances.
  • As of May 31, 2020, VanEck managed approximately $53.3 billion in assets, including mutual funds, ETFs, and institutional accounts.
  • To obtain a prospectus and summary prospectus for VanEck Funds and VanEck Vectors ETFs , which contain this and other information, call 800.826.2333 or visit vaneck.com .
  • Please read the prospectus and summary prospectus for VanEck Funds and VanEck Vectors ETFs carefully before investing.

Wasatch Core Growth and Small Cap Growth Funds to Close to New Investors

Monday, June 29, 2020 - 4:00pm

Wasatch Global Investors is a 100% employee-owned investment manager founded in 1975 and headquartered in Salt Lake City, Utah.

Key Points: 
  • Wasatch Global Investors is a 100% employee-owned investment manager founded in 1975 and headquartered in Salt Lake City, Utah.
  • Wasatch had $21.1 billion in assets under management as of May 31, 2020.
  • Wasatch Global Investors is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.
  • Investing in small or micro cap funds will be more volatile and loss of principal could be greater than investing in large cap or more diversified funds.

Canoe Financial Announces Sub Advisor for it’s Global Balanced Mandate and Risk Rating Changes on Several Mutual Funds

Friday, June 26, 2020 - 11:00pm

There are no changes to the investment objectives or strategies of these funds.

Key Points: 
  • There are no changes to the investment objectives or strategies of these funds.
  • Canoe Financial is one of Canadas fastest growing independent mutual fund companies managing over $7.4 billion in assets across a diversified range of award-winning mutual funds and private energy equity products.
  • Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians.
  • Canoe Financial has significant national presence across Canada, including offices in Calgary, Toronto and Montreal.

Canoe Financial Completes Acquisition of Fiera Investments Mutual Funds

Friday, June 26, 2020 - 7:06pm

CALGARY, Alberta, June 26, 2020 (GLOBE NEWSWIRE) -- Canoe Financial LP (Canoe or CanoeFinancial) announced today that it has completed its acquisition of the rights to manage all of the retail mutual funds managed by Fiera Investments LP (Fiera Investments Mutual Funds), representing approximately $1.12 billion in assets.

Key Points: 
  • CALGARY, Alberta, June 26, 2020 (GLOBE NEWSWIRE) -- Canoe Financial LP (Canoe or CanoeFinancial) announced today that it has completed its acquisition of the rights to manage all of the retail mutual funds managed by Fiera Investments LP (Fiera Investments Mutual Funds), representing approximately $1.12 billion in assets.
  • Effective today, Canoe Financial has become the trustee, manager and portfolio manager of the Fiera Investments Mutual Funds.
  • Effective on or about July 3, 2020, Canoe intends to merge each of the Fiera Investments Mutual Funds into mutual funds managed by Canoe.
  • The approved changes to the Fiera Investments Mutual Funds are summarized below:
    Merger into Canoe Bond Advantage Portfolio Class, which consists of Canoe Bond Advantage Class and units of Canoe Trust Fund
    Merger into Canoe Preferred Share Portfolio Class, a new Canoe Portfolio Class Fund consisting of Canoe Preferred Share Class and units of Canoe Trust Fund
    Merger into Canoe Defensive U.S. Equity Portfolio Class, which consists of Canoe Defensive U.S. Equity Class and units of Canoe Trust Fund
    Merger into Canoe Defensive U.S. Equity Portfolio Class, which consists of Canoe Defensive U.S. Equity Class and units of Canoe Trust Fund
    Merger into Canoe North American Monthly Income Portfolio Class, which consists of Canoe North American Monthly Income Class and units of Canoe Trust Fund
    Merger into Canoe Bond Advantage Portfolio Class, which consists of Canoe Bond Advantage Class and units of Canoe Trust Fund
    Merger into Canoe Global Income Portfolio Class, which consists of Canoe Global Income Class and units of Canoe Trust Fund
    Merger into Canoe Preferred Share Portfolio Class, a new Canoe Portfolio Class Fund consisting of Canoe Preferred Share Class and units of Canoe Trust Fund
    Merger into Canoe Defensive U.S. Equity Portfolio Class, which consists of Canoe Defensive U.S. Equity Class and units of Canoe Trust Fund
    Merger into Canoe Defensive U.S. Equity Portfolio Class, which consists of Canoe Defensive U.S. Equity Class and units of Canoe Trust Fund
    Merger into Canoe North American Monthly Income Portfolio Class, which consists of Canoe North American Monthly Income Class and units of Canoe Trust Fund
    Canoe Financial is one of Canadas fastest growing independent mutual fund companies managing over $7.4 billion in assets across a diversified range of award-winning mutual funds and private energy equity products.

Dimensional to Launch Exchange Traded Funds

Friday, June 26, 2020 - 11:35am

Dimensional Fund Advisors filed a preliminary registration statement with the Securities and Exchange Commission for the launch of three actively managed exchange traded funds (ETFs), planned for later this year.

Key Points: 
  • Dimensional Fund Advisors filed a preliminary registration statement with the Securities and Exchange Commission for the launch of three actively managed exchange traded funds (ETFs), planned for later this year.
  • Dimensional has long offered investment strategies through mutual funds, separate accounts, and commingled trusts.
  • This has enabled Dimensional to expand its offering to include active transparent ETFs, allowing clients greater choice in how they access Dimensional Investing.
  • For this and other information about the Dimensional funds, please read the prospectus carefully before investing.

First Trust Dynamic Europe Equity Income Fund Declares Its Monthly Common Share Distribution of $0.06 Per Share for July

Monday, June 22, 2020 - 9:37pm

Under the Plan, the Fund intends to continue to pay a monthly distribution in the amount of $0.06 per share.

Key Points: 
  • Under the Plan, the Fund intends to continue to pay a monthly distribution in the amount of $0.06 per share.
  • This distribution may consist of net investment income earned by the Fund, net short-term and long-term capital gains and/or tax deferred return of capital.
  • The Fund is a non-diversified, closed-end management investment company that seeks to provide a high level of current income.
  • The Fund will seek to focus its equity investments on income-producing securities.

First Trust/Aberdeen Global Opportunity Income Fund Declares its Monthly Common Share Distribution of $0.08 Per Share for July

Monday, June 22, 2020 - 9:15pm

First Trust/Aberdeen Global Opportunity Income Fund (the "Fund") (NYSE: FAM) has declared the Funds regularly scheduled monthly common share distribution in the amount of $0.08 per share payable on July 15, 2020, to shareholders of record as of July 2, 2020.

Key Points: 
  • First Trust/Aberdeen Global Opportunity Income Fund (the "Fund") (NYSE: FAM) has declared the Funds regularly scheduled monthly common share distribution in the amount of $0.08 per share payable on July 15, 2020, to shareholders of record as of July 2, 2020.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.

First Trust Lists June Series of the Target Outcome ETFs®

Monday, June 22, 2020 - 2:33pm

The upside cap is set by a fund on inception date of the Target Outcome Period and is dependent upon market conditions at the time.

Key Points: 
  • The upside cap is set by a fund on inception date of the Target Outcome Period and is dependent upon market conditions at the time.
  • The funds have a perpetual structure meaning that a new Target Outcome Period begins, and the cap and buffer are reset, annually at the end of each Target Outcome Period.
  • Today, Cboe Vests Target Outcome StrategiesTM are available in mutual funds, exchange-traded funds (ETFs), unit investment trusts (UITs), collective investment trusts (CITs), and customizable managed accounts / sub-advisory services.
  • As a result, the cap may rise or fall from one target outcome period to the next and is unlikely to remain the same for consecutive target outcome periods.

Hartford Funds Announces the Closure and Liquidation of Two Exchange-Traded Funds

Thursday, June 18, 2020 - 2:12pm

Hartford Funds, a leading asset management firm, has announced that it will close and liquidate two exchange-traded funds.

Key Points: 
  • Hartford Funds, a leading asset management firm, has announced that it will close and liquidate two exchange-traded funds.
  • The liquidation date for the Funds will be on or about August 14, 2020 (Liquidation Date).
  • Founded in 1996, Hartford Funds is a leading asset manager, which provides mutual funds, ETFs, and 529 college savings plans.
  • Advisory services may be provided by Hartford Funds Management Company, LLC (HFMC) or its wholly owned subsidiary, Lattice Strategies, LLC (Lattice).

First Trust International Equity Opportunities ETF (FPXI) Crosses $100 Million in Total Net Assets

Thursday, June 11, 2020 - 10:46pm

*NAV returns are based on the funds net asset value which represents the funds net assets (assets less liabilities) divided by the funds outstanding shares.

Key Points: 
  • *NAV returns are based on the funds net asset value which represents the funds net assets (assets less liabilities) divided by the funds outstanding shares.
  • **Performance information for the IPOX International Index is for illustrative purposes only and does not represent actual fund performance.
  • First Trust and its affiliate First Trust Portfolios L.P. (FTP), a FINRA registered broker-dealer, are privately held companies that provide a variety of investment services.
  • First Trust is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor.