The past week in the mutual industry played out like a particularly grouchy episode of "Hell's Kitchen," with at least 19 funds leaving the restaurant, and only four to replace them.
The Stork's dinner guests included:
WisdomTree Asset Management [
profile]
launched the
WisdomTree China Dividend Ex-Financials Fund.
Nationwide Funds [
profile]
launched the
Nationwide Inflation-Protected Securities Fund.
Capital innovations has
unveiled
CI Global Infrastructure, Timber & Agribusiness Fund.
Orinda Asset Management [
profile]
launched the
Orinda SkyView Macro Opportunities Fund.
Meanwhile, the following funds were chased out of the kitchen.
BluMont Capital Corporation
merged Exemplar Market Neutral Portfolio into the
Exemplar Yield Fund.
Mirae Asset Global Investments [
profile] has
closed two funds: the
Brazil Sector Leader Fund and the
China Sector Leader Fund.
Morningstar reported that
Columbia Management Advisors [
profile] has merged away 14 mutual funds.
Federated Investors [
profile]
is changing the name of its
Federated Asset Allocation Fund to the
Federated Global Allocation Fund.
Turner Investment Partners [
profile]
reorganized the
Turner International Growth Fund into the
John Hancock International Growth Equity Fund.
The
Valley Forge Management Corporation [
profile]lost its job as investment advisor to the
Valley Forge Fund. 
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