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Rating:The New Fund Fuss - May 17, 2017 Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, May 17, 2017

The New Fund Fuss - May 17, 2017

Reported by Marisa Santella, Editorial Intern

Company: Hennessy Funds

New Fund: the Rainier Mid Cap Equity Fund, the Rainier Small/Mid Cap Equity Fund, the Rainier Large Cap Equity Fund

Hennessy Funds signed an agreement with Manning & Nappier and Rainier Funds to merge the Rainier Mid Cap Equity Fund and the Rainier Small/Mid Cap Equity Fund into the Hennessy Cornerstone Mid Cap 30 Fund, and the Rainier Large Cap Equity Fund into the Hennessy Cornerstone Large Growth Fund.

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Company: Fidelity

New Funds: Fidelity U.S. Sustainability Index Fund and Fidelity International Sustainability Index Fund

Fidelity launched the above two sustainability-focused index funds. These funds are an addition to Fidelity's environmental, social and governance (ESG) investment product offerings.

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Company: Hartford Funds

New Funds: Hartford Multifactor Low Volatility US Equity ETF (LVUS), Hartford Multifactor Low Volatility International Equity ETF (LVIN)

Hartford Funds expanded its multifactor ETF product suite with the addition of the two low volatility multifactor ETFs above. One invests in US equities, while the other invests in developed (ex-US) and emerging markets.

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Company: Community Capital Management

Fund: CRA Qualified Investment Fund (CRAIX/CRANX/CRATX)

Community Capital's CRA Qualified Investment Fund (CRAIX/CRANX/CRATX) exceeded $2 billion in assets as of May 8.

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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 Follow the Fundsters columns, respectively. For job opportunities in the industry, explore our The Next Gig column. 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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