MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, July 23, 2012 Stork and Reaper for July 23, 2012 The week kicked off with a modest number of additions to the fund world. SunAmerica has filed for the Protected Asset Allocation Sast Portfolio, which will aim for high total return consistent with long-term capital preservation and managed volatility. The fund PMs and sub-adviser will be determined at a later date. [SEC Filing] Allianz is prepping the Multi-Strategy Funds, consisting of the Allianz AGIC Structured Alpha Fund, which will seek attractive risk-adjusted absolute returns; the Allianz AGIC U.S. Equity - Hedged Fund, which will seek capital appreciation and protection of capital during turbulent and volatile market conditions; and the Allianz NFJ Emerging Markets Value Fund, which will seek long-term capital appreciation. The AGIC Structured Alpha Fund will be managed by Greg P. Tournant, Stephen G. Bond-Nelson, and Trevor Taylor; the AGIC U.S. Equity - Hedged Fund will be managed by Greg P. Tournant and Stephen G. Bond-Nelson; and the NFJ Emerging Markets Value Fund will be headed by Morley D. Campbell. [SEC Filing] Although the Reaper has not yet returned with any new claims of funds, one of his earlier efforts was realized last Friday. Virtus' Balanced Allocation Fund was liquidated effective July 20 and is no longer for sale. [SEC Filing] Additionally, a few funds experienced some changes. Dreyfus' Inflation Adjusted Securities Fund has a new primary PM, Nate Pearson. [SEC Filing] BNY Mellon is changing its investment strategy for the Small/Mid Cap Fund effective August 20. The fund seeks to provide exposure and risk comparable to the Russell 2500 Index, and pursues its investment objective of capital appreciation by investing at least 80% of its assets in small-cap and mid-cap equities. [SEC Filing] Invesco will rename the Invesco Van Kampen Senior Loan Fund to "Invesco Senior Loan Fund" effective December 3, 2012. [SEC Filing] Printed from: MFWire.com/story.asp?s=40727 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |