Mutual Fund News

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,...

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:   June 30, 2025 Record Date:   June 30, 2025 Payable Date:   July 2, 2025   Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount   ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First T...

ANCHORAGE, Alaska--(BUSINESS WIRE)--Alaska, long known as America’s last frontier, is stepping into a new era of economic leadership. Today, Alaska Commissioner of Revenue Adam Crum, in partnership with Prospr Aligned, announced the launch of The Frontier Economic Fund (NYSE: AKAF), a new investment vehicle focused on companies driving sustainable growth, local job creation, and long-term investment across Alaska. “Alaska, America’s resource powerhouse, is now positioned as a critical solution...

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....