Mutual funds

Lysander Funds Limited Announces Changes for Certain Funds

Retrieved on: 
Tuesday, December 22, 2020
Finance, Money, Institutional investors, Mutual funds, Portfolio manager, Economy, Derivative

TORONTO, Dec. 22, 2020 (GLOBE NEWSWIRE) -- Lysander Funds Limited (Lysander) announced today changes in the use of derivatives, portfolio manager, sub-advisor and risk rating for certain of its mutual funds.

Key Points: 
  • TORONTO, Dec. 22, 2020 (GLOBE NEWSWIRE) -- Lysander Funds Limited (Lysander) announced today changes in the use of derivatives, portfolio manager, sub-advisor and risk rating for certain of its mutual funds.
  • Effective on or about March 1, 2021, Lysander Balanced Income Fund will commence the use of derivatives.
  • Effective on or about January 31, 2021, Lysander Balanced Income Fund will change its portfolio manager from Canso Investment Counsel Ltd. (Canso) to Lysander.
  • In accordance with the investment risk classification methodology mandated by the Canadian Securities Administrators, the investment risk rating of certain funds has changed, as follows:

First Trust Senior Floating Rate 2022 Target Term Fund Declares its Monthly Common Share Distribution of $0.0153 Per Share for January

Retrieved on: 
Monday, December 21, 2020
Professional services, Finance, Investment management, Institutional investors, Mutual funds

First Trust Senior Floating Rate 2022 Target Term Fund (the "Fund") (NYSE: FIV) has declared the Funds regularly scheduled monthly common share distribution in the amount of $0.0153 per share payable on January 15, 2021, to shareholders of record as of December 31, 2020.

Key Points: 
  • First Trust Senior Floating Rate 2022 Target Term Fund (the "Fund") (NYSE: FIV) has declared the Funds regularly scheduled monthly common share distribution in the amount of $0.0153 per share payable on January 15, 2021, to shareholders of record as of December 31, 2020.
  • "Managed Assets" means the total asset value of the Fund minus the sum of its liabilities, other than the principal amount of borrowings.
  • As a result, based on current market conditions and expectations, the Fund believes that it is unlikely to achieve its objective of returning $9.85 per Common Share upon its termination.
  • As a result of these actions, investors should anticipate periodic reductions in the Fund's distribution per share going forward.

The New America High Income Fund, Inc. Declares Dividends

Retrieved on: 
Friday, December 18, 2020
Finance, Investment, Money, T. Rowe Price, Institutional investors, Dividend, Investment funds, Financial markets, Mutual funds, Exchange-traded fund, S&P 500 Dividend Aristocrats

The Fund will pay a regular monthly dividend of $.050 per share on February 28, 2021.

Key Points: 
  • The Fund will pay a regular monthly dividend of $.050 per share on February 28, 2021.
  • The New America High Income Fund, Inc. is a diversified, closed-end management investment company with a leveraged capital structure.
  • The Funds investment adviser is T. Rowe Price Associates, Inc. (T. Rowe Price).
  • As of September 30, 2020, T. Rowe Price and its affiliates managed approximately $1.3 trillion of assets, including approximately $21 billion of high yield investments.

Amundi Pioneer Declares Monthly Distributions for Pioneer Closed-end Funds

Retrieved on: 
Friday, December 18, 2020
Professional services, Finance, Finance, Investment, Money, Amundi, CAC Mid 60, Investment funds, Closed-end fund, Investment management, Mutual funds, Institutional investors

Investors should not necessarily draw any conclusions about the fund's investment performance from the amount of this distribution or from the terms of the fund's level distribution policy.

Key Points: 
  • Investors should not necessarily draw any conclusions about the fund's investment performance from the amount of this distribution or from the terms of the fund's level distribution policy.
  • Shareholders should not draw any conclusions about a funds investment performance based on a funds current distributions.
  • For performance data on Amundi Pioneer's closed-end funds, please call 800-225-6292 or visit our closed-end pricing page.
  • Amundi Pioneer is the U.S. business of Amundi, Europes largest asset manager by assets under management and ranked among the ten largest globally[1].

IFIC Monthly Investment Fund Statistics – November 2020

Retrieved on: 
Friday, December 18, 2020
Finance, Money, Institutional investors, Mutual funds, Investment, Investment management, Investment fund, Hedge fund

IFIC direct survey data (which accounts for approximately 86% 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 86% 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.

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

Retrieved on: 
Friday, December 18, 2020
Finance, Money, Investment, Investment funds, Investment management, Open-end fund, Closed-end fund, Net asset value, PIMCO, Institutional investors, Mutual funds, Exchange-traded fund

The Manager, PIMCO Canada, retains Pacific Investment Management Company, LLC (PIMCO), to provide investment management services to the Funds.

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.

First Trust Energy Infrastructure Fund Issues Notice Regarding December 2020 Distribution

Retrieved on: 
Tuesday, December 15, 2020
Professional services, Finance, Finance, Money, Economy, Institutional investors, Mutual funds, Exchange-traded fund, Rate of return, Registered Investment Adviser, Hedge fund, Net asset value

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.

Dealbox: Evidence in 2020 Continues to Support Thesis that Multi-Trillion Digital Asset Market is Gaining Momentum

Retrieved on: 
Monday, December 14, 2020
Market liquidity, Foreign exchange market, Finance, Subprime mortgage crisis, Money, Investment, Mutual funds

Broadly construed, the markets covering digital assets has grown to more than $1 trillion, and the World Economic Forum estimates the market will grow to $24 trillion by 2027.

Key Points: 
  • Broadly construed, the markets covering digital assets has grown to more than $1 trillion, and the World Economic Forum estimates the market will grow to $24 trillion by 2027.
  • The upshot from all of this, is that with institutional support, investment (retail and institutional) will continue to stream into the digital asset class.
  • In turn, this will drive liquidity, which will attract more investment, and the digital asset market self-reinforces.
  • The post Fintech Mogul Thomas Carter Predicts Trillion Dollar Cryptocurrency Market Cap in 2020 appeared first on Yahoo News.

Northern Trust Asset Management Announces Changes to Money Market Mutual Fund Suite

Retrieved on: 
Monday, December 14, 2020
Banking, Professional services, Finance, Finance, Money, Investment, Institutional investors, Mutual funds, Money market fund, Investment management, State Street Global Advisors, Investment outsourcing, Northern Trust Asset Management, Northern Trust

A proposed merger of the Northern Funds Money Market Fund (NORXX) into the Northern Funds- U.S. Government Money Market Fund (NOGXX), subject to shareholder approval.

Key Points: 
  • A proposed merger of the Northern Funds Money Market Fund (NORXX) into the Northern Funds- U.S. Government Money Market Fund (NOGXX), subject to shareholder approval.
  • These fund lineup changes highlight a thoughtful progression by Northern Trust Asset Management to exit the prime and municipal money market mutual fund space, a process that began back in May 2020 with the closure of the institutional prime money market mutual fund, the Northern Institutional Funds - Prime Obligations Portfolio.
  • While these changes affect prime and municipal money market mutual funds, Northern Trust Asset Management will continue to deliver these cash strategies to clients through customized solutions and other fund product types.
  • Northern Trust Asset Management is composed of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Fund Managers (Ireland) Limited, Belvedere Advisors LLC, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc., 50 South Capital Advisors, LLC, and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company.

Putnam Investments Announces Distributions for Closed-End Fund

Retrieved on: 
Friday, December 11, 2020
Banking, Professional services, Finance, Institutional investors, Mutual funds

* Note: The regular monthly income distribution was previously announced on the 11/20/20 press release.

Key Points: 
  • * Note: The regular monthly income distribution was previously announced on the 11/20/20 press release.
  • The funds periodically provide fund-related information on their websites.
  • The following information will be available for each fund at putnam.com at the frequencies indicated: (1) Full holdings will be available monthly beginning on the 8th business day after the end of each month; (2) Top 10 holdings and additional portfolio statistics will be available monthly, approximately 15 days after month-end.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20201211005564/en/