MainStay Funds [see profile]
is planning to shutter its 130/30 Growth Fund
this fall. The fund board this week greenlighted a proposal to liquidate the fund, which
has AUM of $4.2 million. [SEC filing
The liquidation will take place on or about September 30.
New York Life's mutual fund arm has two other 130/30 offerings in its lineup:
MainStay 130/30 Core and 130/30 International. MainStay offers a total of more
than 40 mutual funds.
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