Week 7: 2/15/2010-2/19/2010 by Jennifer Mann and Pamela HillNuveen files a closed-end fund
investing in Build America Bonds...
Pioneer proposes a global asset allocation
fund investing in both traditional and alternative investments...
Premkumar Narasimhan leaves the management
teams of several
Fidelity funds,
including the
Fidelity Spartan 500
Index,
Fidelity Spartan Total Market
Index,
Fidelity Spartan
International Index, and
Fidelity
Series 100 Index funds, all sub-advised by
Geode...The
Federated MDT All Cap Core and F
ederated MDT Small Cap Core funds will no
longer exclude domestic bank instruments from industry concentration
limitations...
Turner Investment
Partners replaces
Federated
MDTA on the sub-advisory team of the
RiverSource Partners Small Cap Value fund...The
distributor to the
Orbitex-Saratoga
funds modifies the commission amounts paid to brokers...As part of a
long-standing estate and business succession plan established by
James E. Stowers, Jr.
(the founder of
American Century
Investments), Co-Chairman
Richard W.
Brown has recently succeeded
Mr.
Stowers as trustee of a trust that holds a greater-than-25%
voting interest in
American Century
Companies...
Security Benefit
Corporation (the parent company of
PADCO Advisors, Inc.,
PADCO Advisors II, Inc., and
Security Investors, LLC) and certain of
SBC’s affiliates entered into
agreements with an investor group led by
Guggenheim
Partners,
LLC, under
which a special purpose vehicle owned by the investors and managed by an
affiliate of
Guggenheim would
receive a 100% ownership stake in
SBC (acquiring control of
SBC and its affiliates, including the
advisor to
Security,
SBL, and
Rydex funds)...
MORE>>Week 6: 2/08/2010-2/12/2010 by Jennifer Mann and Pamela HillFidelity registers the
Fidelity Corporate Bond fund...
John Hancock plans to offer two mid-cap
index funds, along with an addition to its
Lifestyle
Portfolio series (
John Hancock Funds
II Lifestyle Income fund) and a new series of target-date funds
of funds (
John Hancock Funds II Retirement
Portfolios)...
Dreyfus makes multiple portfolio
management changes (including the replacement of
Laurie Carroll with
Nancy Rogers in managing the
Dreyfus Bond Market Index fund)...The
PIMCO Allianz NACM Global Equity
130/30 fund plans to liquidate this coming March...The
AllianceBernstein Retirement Strategy
series adds the
AllianceBernstein Volatility
Management Portfolio as an underlying fund in which the
series plans to invest (the newly registered fund expects to commence
operations in April)...
Transamerica Investment
Management is being replaced by
Wellington Management Company as
sub-advisor to the
Transamerica
Equity fund (which is being renamed the
Transamerica WMC Diversified Growth
fund)...The shares of the
Old Mutual GlobalShares
FTSE Developed Countries ex US fund will be offered on February
10, 2010 (the number of shares constituting a creation unit of the fund and the
standard transaction fee for the creation or redemption of a creation unit have
been changed) and the shares of the
Old Mutual
GlobalShares FTSE Emerging Markets fund will be subject to a 5:1
stock split (the standard and maximum transaction fees for the creation or
redemption of a creation unit will be reduced)...
MORE>>Week 5: 2/01/2010-2/05/2010 by Jennifer Mann and Pamela HillThe
Fidelity Global Commodity
Stock fund (in connection with a strategy modification)
contractually agreed to waive a portion of the fund's management fee...
Van Kampen Retirement Strategy funds have
modified their investment strategies by providing a target allocation range
among various asset classes, rather than a specific target percentage...
Maximilian Kaufmann joins the management
team of the
Fidelity Strategic Real
Return fund...
A. Douglas
Rao joins
Thomas F.
Marsico in managing the
Columbia
Marsico Focused Equities and
Columbia Marsico Growth funds...The
Dreyfus Inflation Adjusted Securities fund
increases its minimum initial investment for regular accounts in Investor shares
from $1,000 to $10,000...
Prudential
files the
Prudential Jennison Market
Neutral fund...
Global
X registers four ETFs (
Copper
Miners,
Gold Miners,
Platinum Miners, and
Silver Miners)...
BlackRock readies the
iShares MSCI Philippines Investable Market Index
ETF...
Valley Forge Capital
Advisors will no longer serve as the sub-advisor of the
MFS Sector Rotational
fund...
MORE>>