The Stork delivered four new funds today:
Invesco PowerShares' latest anticipated listing is the
PowerShares DWA SmallCap Technical Leaders Portfolio, which MFWire first reported on last Thursday. The fund will be managed by the same PMs who manage the other three DWA Technical Leaders ETFs. In a phone interview with MFWire,
Ben Fulton, managing director and head of global ETFs at Invesco PowerShares, noted that the firm looks for ways to expand its product lines, and felt that it was a good time to develop new small-cap offerings. [
SEC filing] [
Press Release]
SunAmerica's [
profile] newest offering is the
Dynamic Strategy Portfolio. Its investment goals are capital appreciation and current income while managing net equity exposure. The fund is sub-advised by a number of firms, including
AllianceBernstein,
Goldman Sachs Asset Management,
J.P. Morgan,
Marsico,
PIMCO, and
PineBridge.[
SEC Filing]
BlackRock has filed for the
iShares MSCI Frontier 100 Index Fund. The fund seeks investment results on par with the performance of the MSCI Frontier Markets 100 Index, and is managed by
Rene Casis,
Diane Hsiung,
Jennifer Hsui. and
Greg Savage. [
SEC filing]
UBS is moving forward with its
Emerging Markets Debt Fund. The fund, managed by
Uwe Schillhorn, seeks to maximize total return through capital appreciation and current income. [
SEC filing]
After giving funds a brief respite last Friday, the Reaper has returned:
The
DWS Clean Technology Fund, advised by
Deutsche Investment Management Americas Inc., will be liquidated and terminated on or about October 12, 2012, and will close to new investments on or about July 20, 2012. [
SEC Filing]
In addition to the births and deaths of funds, other funds have transformed and now have new names and strategies:
Legg Mason is changing the name of the
Esemplia Emerging Markets Equity Fund to
Legg Mason Esemplia Emerging Markets Long-Short Fund. Around October 1, 2012, the fund will begin investing at least 80% of its net assets in emerging markets equities. [
SEC filing]
Allianz has changed the name of its
AGIC International Growth Opportunities Fund to
Allianz RCM International Growth Opportunities Fund. Along with the name change, Allianz is pursuing a strategy of investing 80% or more of its net assets in companies with market caps below $5 billion. [
SEC filing] 
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