DoubleLine expands European offerings: Fund Scan
Our weekly roundup of new fund launches.
DoubleLine offers new European fund
The latest mutual fund from DoubleLine, the Shiller Enhanced International CAPE fund, seeks to exceed the total return of the MSCI Europe Net Return Index, the firm says. The index is comprised of large market-capitalization stocks of European companies.
Its retail class has a minimum $2,000 investment and 0.91% expense ratio; its institutional class requires $100,000 to invest and an expense ratio of 0.61%.
DoubleLine CEO Jeffrey Gundlach and Jeffrey Sherman, deputy chief investment officer, are the fund’s portfolio managers. The smart beta equity index for the fund was designed by Robert Shiller, Sterling Professor of Economics at Yale University, and Barclays Capital.
Gabelli’s latest fund provides taste of the world
One of Gabelli Funds’ favorite slogans is, “If you drink it, we follow it.”
The smart-beta offerings each have an international focus.August 1
The new tool is aimed at lowering costs for investors.June 26
Now the firm is putting its money where its mouth is, announcing a new fund that will invest primarily in common stocks of domestic and foreign companies of all capitalizations in the food and beverage industries. It aims to take advantage of growing global demand for food and consolidation in the food and beverage sector.
The fund, named Gabelli Food of All Nations NextShares, will launch Feb. 14 on Nasdaq, the firm says. The fund expense ratio is pegged at 0.90%.
Federated unveils global strategic fund
Searching for high dividend-paying stock opportunities in the U.S. and abroad is the primary goal of Federated Investors’ newest offering, the Federated Global Strategic Value Dividend fund. The fund generally invests in large-cap or mid-cap stocks and may also hold ADRs and real estate investment trusts, the firm says. Investment minimum is $1,500, and its expense ratio is 1.11%.
Emerging markets focus of 2 new UCITS funds
Cleveland-based Victory Capital and European firm Carolon Capital have paired up to offer two UCITS funds focused on emerging markets: the Victory Sophus Emerging Markets UCITS fund and the Victory Expedition Emerging Markets Small Cap UCITS fund.
Victory Sophus carries a 0.85% expense ratio, while Victory Expedition has a 1.15% expense ratio.