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, November 13, 2023 A $187B-AUMS Firm Adds a Core Bond Fund The team at a $187-billion-AUMS (as of October 31) fund firm is rolling out an active cord bond fund.
FTCB's inception date was November 7, and it comes with an expense ratio of 55 basis points. As of market close on Friday, November 10, the new ETF had about $15 million in AUM. First Advisors L.P. serves as FTCB's investment advisor, and First Trust Portfolios L.P. serves as distributor. The new fund's PM team includes: Owen Aronson, vice president and portfolio manager; Jeremiah Charles, senior vice president and senior portfolio manager; Todd Larson, SVP and senior PM; Nathan Simons, VP and PM; Scott Skowronski, VP and PM; and Jim Snyder, SVP and senior PM. Issakainen describes the launch of FTCB as an expansion of "First Trust's robust lineup of actively managed fixed income ETFs." First Trust now offers 16 taxable fixed income ETFs in total. "The last few years have illustrated how critical risk management is for fixed income investments," Issakainen states. "We're confident in the expertise and skill of FTCB's portfolio management team which seeks to produce better risk-adjusted returns than passive benchmarks." FTCB's other service providers include: Bank of New York Mellon as administrator, custodian, dividend disbursing agent, fund accounting agent, and transfer agent; Chapman and Cutler LLP as counsel; and Deloitte & Touche LLP as independent accounting firm. Printed from: MFWire.com/story.asp?s=66685 Copyright 2023, InvestmentWires, Inc. All Rights Reserved |
