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Rating:The New Fund Fuss - September 28, 2016 Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, September 28, 2016

The New Fund Fuss - September 28, 2016

Reported by Ashley McHugh-Chiappone

Company: TrimTabs Asset Management

New Fund: The TrimTabs Float Shrink ETF

TrimTabs just launched this ETF. It is focused on "generating long-term gains that exceed those of the Russell 3000 Index."

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Company: First Trust Advisors

New Funds: The First Trust CEF Income Opportunity ETF, the First Trust Municipal CEF Income Opportunity ETF

First Trust is launching a pair of ETFs that invest in closed-end funds (CEFs).

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Company: AXA Investment Managers

New Funds: The AXA IM U.S. High Yield Collective Investment Fund, the AXA IM International Small Cap Equity Collective Investment Fund, the AXA IM U.S. Small/Mid Cap Equity Collective Investment Fund

AXA is launching these funds, together the AXA Investment Managers Collective Investment Trust, in order to broaden the firm's offerings by providing "innovative, low-cost investment solutions for Defined Contribution and Defined Benefit plans," as reported by our sister publication, the 401kWire.

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Company: Polen Capital and SEI Trust Company

New Fund: The Polen Global Growth Collective Investment Trust, the Polen Focus Growth Collective Investment Trust funds

Polen Capital and the SEI Trust Company are partnering to launch these funds and this trust. The Polen Global Growth and Polen Focus Growth CITs is comprised of large cap equity securities.

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Company: PowerShares

New Fund: The PowerShares Variable Rate Investment Grade Portfolio

PowerShares and Invesco Fixed Income are partnering to launch the "first and only ETF with diversified exposure to multiple fixed income asset classes consisting of high-quality variable and floating rate securities."

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To learn more about recent fund launches, check our most recent New Fund Fuss here. For information about SEC filings or new hires, check out our latest Filings For Fundsters and People on the Move columns, respectively. If you have a fund filing that you would like to point out, a mutual fund launch, product change or new hire that you would like to announce, please contact the MFWire team at editors@investmentwires.com. 

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