Mutual funds

US Mutual Funds Industry Report 2021: $21.3 Trillion in Total Net Assets - Market Forecasts to 2026 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, August 4, 2021

The "US Mutual Funds Industry - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "US Mutual Funds Industry - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
  • With a whopping USD 21.3 trillion in total Net assets, The United States mutual fund industry remained the largest in the world in 2019.
  • The majority of US mutual fund net assets at year-end 2020 were in long-term mutual funds, with equity funds alone making up 55.3 % of US mutual fund net assets.
  • With a few players holding a significant share, the US Mutual Funds Market has an observable level of consolidation.

MFS Announces Closed-End Fund Distributions

Retrieved on: 
Monday, August 2, 2021

The Board of the fund may amend the terms of the plan or terminate the plan at any time without prior notice to the fund's shareholders.

Key Points: 
  • The Board of the fund may amend the terms of the plan or terminate the plan at any time without prior notice to the fund's shareholders.
  • The fund will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes.
  • In addition, in order to make the level of distributions called for under its plan, the fund may have to sell portfolio securities at a less than opportune time.
  • In 1924, MFS launched the first US open-end mutual fund, opening the door to the markets for millions of everyday investors.

Vanguard Announces Plans to Launch Two New Active Bond Funds

Retrieved on: 
Thursday, July 29, 2021

VALLEY FORGE, Pa., July 29, 2021 /PRNewswire/ -- Vanguard today filed initial registration statements with the U.S. Securities and Exchange Commission to introduce two new active fixed income funds: Vanguard Core-Plus Bond Fund and Vanguard Multi-Sector Income Bond Fund. The funds are designed to meet the needs of clients seeking actively managed "core" and "satellite" bond portfolios and will augment the lineup of higher-alpha, diversified fixed income strategies managed by Vanguard Fixed Income Group.

Key Points: 
  • VALLEY FORGE, Pa., July 29, 2021 /PRNewswire/ --Vanguard today filed initial registration statements with the U.S. Securities and Exchange Commission to introduce two new active fixed income funds: Vanguard Core-Plus Bond Fund and Vanguard Multi-Sector Income Bond Fund.
  • The firm has placed a particular focus on investing in its active bond portfolio management capabilities and product offer, including Vanguard Global Credit Fund, Vanguard Emerging Markets Bond Fund, and Vanguard Core Bond Fund.
  • As a result, Vanguard's track record as a bond manager remains unparalleled76% of Vanguard fixed income funds and 96% of Vanguard active fixed income funds outperformed their peer group averages over the five years ending June 30, 20212.
  • 2 For the five-year period ending June 30, 2021, 83 of 109 bond funds and 49 out of 51 active bond funds outperformed their peer group averages.

PIMCO Canada Corp. Announces Monthly Distributions for PIMCO Canada Closed End Funds

Retrieved on: 
Wednesday, July 21, 2021

TORONTO, July 21, 2021 (GLOBE NEWSWIRE) -- PIMCO Canada Corp. (“PIMCO Canada”) is pleased to announce today that it has declared monthly distributions on its Class A Units (the “Units”) of the PIMCO Canada closed end funds (the “Funds”). The distributions will be paid on August 13, 2021 to the holders of record at the close of business on July 30, 2021.

Key Points: 
  • The Manager, PIMCO Canada, retains Pacific Investment Management Company, LLC (PIMCO), to provide investment management services to the Funds.
  • Closed end funds, unlike open end funds, are not continuously offered.
  • After the initial public offering, shares of closed end funds are sold on the open market through a stock exchange.
  • Units of closed end funds frequently trade at a discount to their net asset value, which may increase risk of loss.

IFIC Monthly Investment Fund Statistics – June 2021

Retrieved on: 
Wednesday, July 21, 2021

IFIC direct survey data (which accounts for approximately 91% of total mutual fund industry assets) is complemented by data from Investor Economics to provide comprehensive industry totals.

Key Points: 
  • IFIC direct survey data (which accounts for approximately 91% of total mutual fund industry assets) is complemented by data from Investor Economics to provide comprehensive industry totals.
  • * Important Information Regarding Investment Fund Data:
    Mutual fund data is adjusted to remove double counting arising from mutual funds that invest in other mutual funds.
  • The Investment Funds Institute of Canada is the voice of Canadas investment funds industry.
  • IFIC brings together 150 organizations, including fund managers, distributors and industry service organizations, to foster a strong, stable investment sector where investors can realize their financial goals.

First Trust Energy Infrastructure Fund Issues Notice Regarding July 2021 Distribution

Retrieved on: 
Thursday, July 15, 2021

A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."

Key Points: 
  • A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."
  • The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes.
  • 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.

MFS Announces Closed-End Fund Distributions

Retrieved on: 
Thursday, July 1, 2021

The Board of the fund may amend the terms of the plan or terminate the plan at any time without prior notice to the fund's shareholders.

Key Points: 
  • The Board of the fund may amend the terms of the plan or terminate the plan at any time without prior notice to the fund's shareholders.
  • The fund will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes.
  • In addition, in order to make the level of distributions called for under its plan, the fund may have to sell portfolio securities at a less than opportune time.
  • In 1924, MFS launched the first US open-end mutual fund, opening the door to the markets for millions of everyday investors.

Angel Oak Capital Advisors’ Flagship Multi-Strategy Income Fund Celebrates 10-Year Anniversary

Retrieved on: 
Tuesday, July 6, 2021

The net expense ratios are reported as of the 1/31/21 Annual Report and are referenced in the 5/31/21 prospectus.

Key Points: 
  • The net expense ratios are reported as of the 1/31/21 Annual Report and are referenced in the 5/31/21 prospectus.
  • Investors should carefully consider the investment objectives, risks, charges and expenses of the Angel Oak Mutual Funds.
  • Changes in interest rates generally will cause the value of fixed-income instruments held by the Fund to vary inversely to such changes.
  • For more information on these risks and other risks of the Fund, please see the Prospectus.

Yieldstreet’s Prism Fund Capitalizes on One-Year Anniversary With 350% Surge in New Investors

Retrieved on: 
Thursday, July 1, 2021

With over 4,000 investors, the Fund has generated consistent interest from investors eager for regular passive income outside the equity and bond markets.

Key Points: 
  • With over 4,000 investors, the Fund has generated consistent interest from investors eager for regular passive income outside the equity and bond markets.
  • In June, the Prism Fund completed its first tender offer to provide liquidity for its investors.
  • Utilizing a unique digital-only distribution approach, the Prism Fund expects to pay a quarterly distribution rate of 8%1.
  • Investors should carefully consider the investment objectives, risks, charges and expenses of the YieldStreet Prism Fund before investing.

AGF Management Limited Reports Second Quarter 2021 Financial Results

Retrieved on: 
Wednesday, June 30, 2021

Mutual fund gross sales of $1.1 billion for the second quarter of 2021, an improvement of 108% year-over-year

Key Points: 
  • Mutual fund gross sales of $1.1 billion for the second quarter of 2021, an improvement of 108% year-over-year
    TORONTO, June 30, 2021 (GLOBE NEWSWIRE) -- AGF Management Limited (AGF or the Company) (TSX: AGF.B) today announced financial results for the second quarter ended May 31, 2021.
  • AGF reported total assets under management and fee-earning assets1 of$40.8 billioncompared to$35.8 billionas at May 31, 2020.
  • AGF mutual fund gross sales for the quarter totaled $1,060 million, a 108% improvement over prior year.
  • While industry net sales were down 17% versus Q1 2021, AGFs mutual fund net sales are up 6% versus Q1 2021.