Mutual Fund News

LOS ANGELES--(BUSINESS WIRE)--The TCW Group announced that it has completed the conversion of the TCW MetWest Intermediate Bond Fund into a new ETF, the TCW Core Plus Bond ETF....

SEATTLE--(BUSINESS WIRE)--Russell Investments announced today that it has launched five ETFs that give U.S. investors the ability to leverage its open-architecture, multi-manager portfolios in an active ETF. The initial lineup of funds incorporates the following active strategies: U.S. small cap equity, international developed markets equity, global equity, emerging markets equity, and global infrastructure. "Investors have ambitious financial goals, and we believe they should have access to ev...

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of May 31, 2025 totaled approximately $235.3 billion. The month’s AUM included market appreciation of $7.4 billion, net outflows of $3.7 billion, and FX appreciation of $0.2 billion. Outflows included $4.3 billion from a single sub-advised relationship.  LAZARD, INC. ASSETS UNDER MANAGEMENT (“AUM”) (unaudited) ($ in millions)     As of:   May 31, April 30,   20251 2025 Equi...

WESTLAKE, Texas--(BUSINESS WIRE)--Schwab Asset Management announces reduction of operating expense ratios for 4 equity index ETFs and forward share splits on 6 Schwab mutual funds....

NEW YORK--(BUSINESS WIRE)--Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund’s Board of Directors has declared a cash dividend of $0.171875 per share on the Fund’s 2.75% Convertible Preferred Stock, Series C. The dividend is payable on June 30, 2025 to holders of record as of June 18, 2025....

NEW YORK--(BUSINESS WIRE)--BNY Mellon Investment Adviser, Inc. announced today that, at a special meeting of stockholders of BNY Mellon Municipal Income, Inc. (the "Fund"), a registered closed-end fund, stockholders approved the reorganization of the Fund with and into BNY Mellon AMT-Free Municipal Bond Fund (the "Acquiring Fund"), a series of BNY Mellon Municipal Funds, Inc., a registered open-end fund. As previously announced, the reorganization was approved by the Board of Directors of the F...

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. ("FTA") announces the declaration of the Monthly distribution for First Trust Enhanced Short Maturity ETF, a series of First Trust Exchange-Traded Fund IV. The following dates apply to today's distribution declaration: Expected Ex-Dividend Date: May 30, 2025 Record Date: May 30, 2025 Payable Date: June 3, 2025 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount   ACTIVELY MANAGED EXCHANGE-TRADED FUNDS    First Trust Exch...

DETROIT--(BUSINESS WIRE)--Molina Healthcare of Michigan and The MolinaCares Accord pledge $150,000 to Wayne Metro Community Action Agency to improve housing security....

TORONTO--(BUSINESS WIRE)--CI Global Asset Management launches mutual fund series of three CI GAM ETFs, providing expanded access to timely investment mandates....

BOSTON--(BUSINESS WIRE)--Loomis, Sayles & Company celebrates the twenty-year anniversary of the Loomis Sayles Small Cap Growth strategy, co-managed by Mark Burns and John Slavik since its 1 April 2005 inception. The Specialty Growth Strategy (SGS) Team has $5.5 billion in total assets under management as of 31 March 2025 across three products: Small Cap Growth, Small/Mid Cap Growth, and Mid Cap Growth. Following a successful soft close of the Small Cap Growth strategy at the end of 2019, th...