Mutual Fund News

NEW YORK--(BUSINESS WIRE)--BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (Ticker: XALCX) (the "Fund") announced today additional details concerning the liquidation and termination of the Fund. In accordance with the Fund's Charter, the Fund's Board of Directors has approved the termination date of the Fund. The Fund will terminate at the close of business on or about August 29, 2025, approximately the sixth anniversary of the closing date of the Fund's initial public offering (the...

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of July 31, 2025 totaled approximately $253.7 billion. The month’s AUM included net inflows of $4.5 billion, market appreciation of $3.9 billion, and FX depreciation of $3.2 billion.     LAZARD, INC. ASSETS UNDER MANAGEMENT (“AUM”) (unaudited) ($ in millions)             As of:       July 31, June 30,       20251 2025     Equity   $198,773 192,250     Fixed Income   45,980...

BOSTON--(BUSINESS WIRE)--Matt Middleton & Anil Aggarwal acquire ETF.com, set to relaunch it as a platform for events, networking, and content for investors and professionals...

BOSTON--(BUSINESS WIRE)--The 19(a) monthly distribution notices for Putnam Master Intermediate Income Trust (NYSE: PIM) and Putnam Premier Income Trust (NYSE: PPT) are now available. These informational notices provide further details on the sources of the funds’ monthly distributions and follow the most recent distribution announcement. Putnam Master Intermediate Income Trust estimates that $0.0133 per share of Putnam Master Intermediate Income Trust’s dividend is paid from accumulated net inv...

NEW YORK--(BUSINESS WIRE)--Morgan Stanley Investment Management (MSIM) today announced the conversion of Morgan Stanley Mortgage Securities Trust (MTGDX) to Eaton Vance Mortgage Opportunities ETF (NYSE Arca: EVMO). Greg Finck and Andrew Szczurowski, Co-Heads of the Mortgage and Securitized investment team, are the portfolio managers along with Matt Buckley and Brandon Matsui. The introduction of Eaton Vance Mortgage Opportunities ETF brings the total number of ETFs on MSIM’s platform to 18, inc...

TORONTO--(BUSINESS WIRE)--CI Global Asset Management has refiled the Annual MRFPs for certain mutual funds to correct misstatements of their expense ratios....

WESTLAKE, Texas--(BUSINESS WIRE)--Charles Schwab, a leader in investing and trading with $10.76 trillion in total client assets that facilitated 7.6 million daily average trades in Q2 2025, today announced it has significantly expanded the list of securities available for trading overnight. These extended + overnight session orders (EXTO) are continuous orders that expire at 8pm ET each market day. With this expansion, all Schwab retail clients can now trade more than 1,100 securities 24 hours...

TORONTO--(BUSINESS WIRE)--Russell Investments Canada Limited (“Russell Investments Canada”) today announced cash distributions for the ETF Series of certain mutual funds (“ETF Series”) for the months of July, August, and September. Unitholders of record of the ETF Series, as of the Record Date, will receive a per-unit cash distribution payable on the Payment Date Details of the per-unit cash distribution amount are as follows: Fund Name Ticker Symbol Cash Distribution per Unit ($) CUSIP ISIN Re...

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of June 30, 2025 totaled approximately $248.4 billion. The month’s AUM included market appreciation of $5.4 billion, net inflows of $4.6 billion, and FX appreciation of $3.1 billion. Preliminary average AUM for the quarter ended June 30, 2025 was $238.6 billion.   LAZARD, INC. ASSETS UNDER MANAGEMENT (“AUM”) (unaudited) ($ in millions)         As of:       June 30,   May 31...

WESTLAKE, Texas--(BUSINESS WIRE)--Schwab Advisor Services™ has increased its institutional no transaction fee (INTF) mutual fund capabilities for independent registered investment advisors (RIAs). The expanded line-up will nearly double its size to approximately 2,000 funds across 58 asset managers. Schwab’s INTF offering now includes AB, Akre, Alger, AMG, American Beacon, Artisan, Baron, Buffalo, Carillon, Cliffwater, Federated, Gabelli, Harding Loevner, Hartford, Jensen, John Hancock, Lazard,...