The financial institutions include depository institutions, bank-managed estates and trusts, life insurers, insurance companies other than life insurers, private pensions, open-end mutual funds
, closed-end funds, exchange traded funds, and brokers and dealers.
Before the bulls started to run in 1982, there were about 400 open-end mutual funds
. Today there are over 7,000.
The fund must also adhere to same SEC regulations that apply to all similarly situated open-end mutual funds
," a press release said.
Clough is a Boston-based investment advisory firm, managing approximately 4.1 billion in assets: 1.6 billion in hedge fund and institutional accounts; 2.4 billion in three closed-end funds; and 128 million in an open-end mutual fund
The company said the increase was due to market appreciation of USD455 million, institutional net inflows of USD103 million, and open-end mutual fund
net outflows of USD21 million.
(NYSE: FII) Federated Enhanced Treasury Income Fund (NYSE: FTT) said it has approved the conversion of FTT from a closed-end fund to an open-end mutual fund
through a tax-free reorganization of FTT into a newly created open-end mutual fund
The company said the decrease was due to market depreciation of USD2.2 billion, open-end mutual fund
net outflows of USD0.3 billion1 and institutional net outflows of USD0.1 billion.
Fund stockholders also approved a non-binding stockholder proposal requesting that the board of directors consider authorizing a self-tender offer for all outstanding common shares of the fund at or close to net asset value, and if more than 50 percent of the fund's outstanding common shares are tendered, to cancel the tender offer and take the steps necessary to liquidate, merge or convert the fund to an open-end mutual fund
. The board plans to consider the results of the vote on the stockholder proposal at a future time.
Non-diversified, open-end mutual funds
, INFIX and MLPPX's structure, formed as a Regulated Investment Company (RIC), invest across the capital structure of Master Limited Partnerships (MLPs) and energy infrastructure entities.
As of the September 30, 2018 end of the third quarter, DoubleLine Capital and its related companies managed approximately USD 123 billion in assets across all vehicles, including open-end mutual funds
, collective investment trusts, closed-end funds, exchange-traded funds, hedge funds, variable annuities, UCITS and separate accounts.
Furthermore, determination, computation and collection of CGT on redemption of units of open-end mutual funds
have also been finalized for the period July 01, 2018 to September 30, 2018.
The new alliance pairs Mercer's broad global institutional manager data and research with Morningstar's independent research and data spanning open-end mutual funds
, exchange-traded funds, separately managed accounts, and indexes.