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Week 51: 12/16/2024- 12/20/2024- Morgan Stanley files five E*TRADE No Fee Index funds
- Kevin Francfort will join Ali Khan in managing the Fidelity Select Software and IT Services fund ($11.3B)
- Artisan Partners Limited Partnership and Invesco Advisers will replace Neuberger Berman Investment Advisers and Ninety One UK on the sub-advisory team of two SEI funds, including the SIIT Emerging Markets Debt fund ($1.7B)
- The Six Circles Credit Opportunities fund ($9.5B) adds a European High Yield investment strategy to be managed by Muzinich & Co
- Effective February 20, 2025, the Invesco Total Return Bond ETF ($1.8B) will reduce its advisory fee by 15 basis points to 0.35%
- First Trust files five sub-advised ETFs, including the FT Vest Growth Strength & Target Income ETF, which will invest in U.S. exchange-traded equity securities intended to track an index comprised of growth strength companies and in investments intended to provide income in the form of option premiums
- Five Invesco ETFs will change their names, underlying index, index provider, and investment strategy, including the Invesco FTSE RAFI US 1000 ETF ($7.8B) (to be renamed Invesco RAFI US 1000 ETF)
- Fifteen Nuveen/TIAA funds, including the Nuveen Large Cap Value fund ($7.3B) and Nuveen Dividend Value fund ($3.4B), will modify their 80% policy in accordance to Rule 35d-1
MORE>>Week 50: 12/9/2024- 12/13/2024- ArrowMark Colorado Holdings and Boston Partners Global Investors will leave the sub-advisory team of the Strategic Advisers US Total Stock fund ($79.4B)
- James Stillwagon joined the management team of the T. Rowe Price Growth Stock fund ($52.8B), and Joseph B. Fath will step down as portfolio manager to the fund effective September 30, 2025
- Clark R. Shields will join Andrew J. Shilling in co-managing Wellington’s allocated portion of the Vanguard US Growth fund ($48.6B)
- Fidelity registers two multi-sub-advised funds, the Fidelity SAI Enhanced Core Bond fund and the Fidelity SAI Enhanced Municipal Income fund
- BlackRock files seven term-date index ETFs
- VanEck registers the actively managed, thematic VanEck Nuclear Innovators ETF, which will seek exposure to global companies involved in nuclear innovation
- The John Hancock Fund III Disciplined Value fund ($16.3B) and the John Hancock Disciplined Value International fund ($3.3B) each reduce their advisory fee rate
MORE>>Week 49: 12/2/2024- 12/6/2024- Vanguard registers the Vanguard STAR Core Plus Bond fund, which will invest in fixed income securities of various maturities, yields, and qualities
- BlackRock files three actively managed ETFs: the iShares Managed Futures Active ETF, the iShares GA Dynamic Equity Active ETF, and the iShares GA Disciplined Volatility Equity Active ETF
- The BlackRock Sustainable Balanced fund ($1.6B) will change its name to BlackRock Balanced fund and will remove ESG criteria from its investment strategy
- JPMorgan registers the JPMorgan US Research Enhanced Large Cap ETF, which will invest in large, well-established U.S. companies while modestly overweighting undervalued equity securities and underweighting overvalued equity securities
- JPMorgan plans to convert the JPMorgan Mortgage-Backed Securities fund ($5.8B) into an ETF of the same name on or about July 11, 2025
- Bessemer Investment Management registers the multi-sub-advised Old Westbury Total Equity fund
- Fidelity files a number of portfolio management changes, including Douglas Simmons leaving the management teams of the Fidelity Balanced fund ($56.3B) and Fidelity Series All-Sector Equity fund ($3.9B), among others
- First Trust files three actively managed ETFs: the First Trust Small Cap BuyWrite Income ETF, FT Vest Bitcoin Strategy Target Income ETF, and the sub-advised FT Vest Bitcoin Strategy Quarterly Buffer ETF
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