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Analysis of funds recently registered and
key themes in product development. To monitor
new funds and other fund changes on a daily
basis go to our sister site SimfundFiling.com.
Clients can select from the latest Highlights
of New Fund Filings below or from the list
of all Highlights of New Funds.
All reports are in PDF format [download
Acrobat Reader]
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New Fund Filings Review: July 2010 |
8/19/2010 |
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In parallel with the asset gathering success of two recent MLP-focused closed-end fund IPOs, there has been an uptick in filings of new CEFs. In July, John Hancock, ING, Claymore, Legg Mason, and First Trust registered new CEF offerings. Water Island Capital, Eaton Vance, Natixis, Columbia, Invesco, and DoubleLine were among fund firms that filed alternative open-end products. Aberdeen is continuing the build out of its bond fund lineup – the firm filed three new funds in July. Aviva Investors—looking to enter the US mutual fund market with its first product, the Aviva Investors MAP 2015 fund—also filed two bond funds in July. Filing activity for open-end ETFs continued its swings – after a prolific June, July saw just two funds filing registration statements. |
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New Fund Filings Review: June 2010 |
7/21/2010 |
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International/Global Equity/Hybrid themes among new funds filed in June included international-value allocation, regional equity, global infrastructure, and global flexible allocation. In the “Alternatives” area, especially notable were new offerings planned by AQR, Transamerica and Eaton Vance. New Bond funds filed in June included several products positioned for a rising rate environment. On the ETF side: after a very slow May, June saw a strong revival in the number of new registration statements filed — they totaled more than 60. On the closed-end fund front: Nuveen and BlackRock plan Build America Bond products, while DWS is preparing for a floating rate fund IPO, and Destra for a "liquidity return strategy" fund, that will also engage in covered call option writing.
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New Fund Filings Review: May 2010 |
6/21/2010 |
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International/Global and Emerging Markets / EM-linked offerings, and Asset Allocation funds were among important themes in new stock/hybrid funds filed in May. “Alternative” fund filings continued apace: Market-Neutral, Commodities, Currencies, and Managed Futures some of the strategies in evidence in this area. AllianceBernstein, John Hancock, Natixis and Van Eck were among the firms planning new non-traditional products. Use of affiliated and unaffiliated sub-advisers was an element common to several of the new funds planned. New fund filing activity slowed considerably over the month in the open-end ETF area, and came to a halt in the traditional closed-end fund side of the business, but filings in both areas have experienced a revival in June.
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Monthly New Fund Filings Review: April 2010 |
5/19/2010 |
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Among key themes in April 2010's new fund filings: Multi-strategy multi-manager US equity funds; Emerging Markets Equity; Globally investing Market-Neutral, “Real Assets”, and Infrastructure strategies and defensive US sector rotation; and finally, Short Duration, Floating Rate, and Strategic Income bond offerings driven by concern about interest rate increases. On the open-end ETFside: Russell Investments, which licenses its indexes to several ETF sponsors, is looking to start its own ETFs. |
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Monthly New Fund Filings Review: March 2010 |
4/19/2010 |
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Non-traditional strategies, implemented in-house or with the help of sub-advisers, and funds offering international/global exposure dominated new open-end funds filed with the SEC in March. Global / Emerging Market Bond was another recurring theme. On the open-end ETF side, new bond products filed over the month outnumbered new equity ones. |
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