Each manager comes from the firm’s integrated in-house investment boutiques
The fund has characteristics of an annuity or pension, with monthly lifetime distributions when investors turn 65
The fund seeks to provide stable income with a low correlation to equities and bonds
Both funds, which invest in India, will be closed by the end of July
Fees, liquidity and high valuations present hurdles for investors chasing themes
The fund will now use a proprietary factor model to minimize volatility
The firm also announced risk rating changes and new series for other funds
The asset manager said a fixed fee will offer “greater predictability and transparency”
ETF net sales increased to $5.5 billion, up from $4.7 billion in March
The firm is discontinuing both options for its imaxx mutual funds at the end of June