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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 FundFiling.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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Highlights of New Fund Filings in March 2008 |
4/28/2008 |
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Some highlights from new equity and bond funds filed in March: in the “packaged” advice area, Van Kampen filed a target date fund-of-fund series that will invest in affiliated Van Kampen funds as well as unaffiliated multi-managed funds advised by Russell Investment Management. In the alternative strategies space, more “short-extension” funds are in the pipeline; Rafferty Asset Management is planning a new commodities fund; and Legg Mason and Morgan Stanley are each readying new closed-end funds-of-hedge funds. "Frontier” emerging markets; global infrastructure; and alternative energy are some of the other noteworthy themes in new equity funds filed over the month.
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Highlights of New Fund Filings in February 2008 |
3/27/2008 |
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Dodge & Cox, Columbia, Causeway and Driehaus are readying new global equity offerings that will allow their portfolio managers to flexibly invest in both domestic and international markets. Fidelity and T. Rowe Price registered funds that will look for investment opportunities in frontier emerging markets in Africa, Middle East and/or Eastern Europe. John Hancock plans a “Leveraged Companies” fund and IndexIQ Advisers plans to bring to market a hedge fund replication product. In the FoF area, Dreman plans all-cap value and “smid”-cap value offerings, DFA is looking to start a global real estate fund, and Arrow Funds is preparing a global tactical allocation fund-of-ETFs. On the closed-end fund side, Dreyfus plans to bring to market two funds—one currency-based and another a high yield municipal bond offering, and First Trust is preparing a “Bank Select Income” fund. February also saw ProFunds registering 19 new ETFs, including 18 leveraged ones. |
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Highlights of New Fund Filings in January 2008 |
2/29/2008 |
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Socially Responsible Investing was one of the more prevalent themes for January’s new fund registrations. Neuberger Berman, Allianz Global Investors, HSBC, and ThinkCapital Management joined established SRI managers Pax World and Capstone in readying new funds for this niche market space. There was an increase in Domestic Equity and Bond registrations as compared to December. In the ETF realm, more products with “active” elements were filed, with WisdomTree proposing 14 currency-focused ETFs, and AdvisorShares Investments filing two funds-of-ETFs. The alternative strategy segment continued to see noteworthy activity, with American Century and Nicholas Applegate filing 130/30 equity funds; IQ registering a fund-of-hedge funds; and UBS Enso filing for a registered hedge fund. |
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Highlights of New Fund Filings in December 2007 |
1/31/2008 |
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December saw significant product development in the embedded-advice market space: Old Mutual filed innovative lifecycle funds that will be managed to specific date ranges but also offer a choice of risk profiles; PIMCO has in the pipeline a target-date series that will emphasize “real” returns; Manning & Napiers is preparing target-date funds that will invest in the manager’s risk-based lifecycle funds; Schwab and ING filed income-focused funds-of-funds; and Rydex is readying a non-market correlated product. International/global equity exposure and non-traditional strategies continued to be prominent themes overall in new equity/hybrid funds filed over the month. Two new entrants on the horizon in the 130/30 retail mutual fund arena: Fidelity and Bear Stearns. The ETF area saw further innovative development, as ProFunds filed a 130/30 ETF, and Grail Advisors registered an actively managed equity ETF.
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Highlights of New Fund Filings in November 2007 |
12/31/2007 |
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Pioneering product development activity continued in the ETF area. November saw another step being taken towards “active” vehicles in this segment, with PowerShares filing a prospectus for what could be the first “active” stock ETFs – it filed for four “active” products in total - three stock-focused and one bond-based. PowerShares also filed what may become the first ETFs-of-ETFs. In another important development, Northern Trust signaled its plans to join the ETF business with a large lineup of 27 funds, including 20 single-country ones. Among conventional open-end funds filed during the month, an important theme was the use of hybrid/flexible and income-oriented equity strategies. In the bond fund area, November saw global bond, floating rate, “core plus”, mortgage securities, and muni funds being filed. Closed-end fund new filing and IPO activity remained muted. |
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