In this issue, we cover regulatory developments impacting the investment management sector, including updates on closed-end fund activism; new SEC proposals; and the impact of Russia.
Nuveen Floating Rate Income Fund (NYSE:JFR – Get Rating) saw a significant decrease in short interest in May. As of May 15th, there was short interest totalling 25,700 shares, a decrease of 38.7% from the April 30th total of 41,900 shares. Based on an average trading volume of 233,900 shares, the short-interest ratio is presently […]
Putnam Investments to develop suite of sustainable retirement target-date funds; PGIM Investments expands actively managed fixed income ETF lineup; Nationwide adds new solution to address market volatility; and more.
Putnam Investments to develop suite of sustainable retirement target-date funds; PGIM Investments expands actively managed fixed income ETF lineup; Nationwide adds new solution to address market volatility; and more.
The new ETF, which seeks to maximize current income by investing primarily in senior floating rate loans, is managed by PGIM Fixed Income, 1 one of the largest and most experienced leveraged finance managers with $38 billion in floating rate loan assets under management as of March 31, 2022. PGIM is the $1.4 trillion global investment management business of.