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Results of Joint Special Meeting of Shareholders of Eaton Vance Mutual Funds
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BOSTON, Feb. 22, 2021 /PRNewswire/ In connection with the proposed acquisition of Eaton Vance Corp. (NYSE: EV) by Morgan Stanley (NYSE: MS) announced on October 8, 2020, shareholders of certain Eaton Vance mutual funds (each, a Fund and, collectively, the Funds ) were asked to approve new investment advisory agreements and, where applicable, new investment sub-advisory agreements for the Funds at a joint special meeting of shareholders held on February 18, 2021 (the Meeting ).
At the Meeting, shareholders of the below-listed Funds approved new investment advisory agreements and, where applicable, new investment sub-advisory agreements:
Boston
Massachusetts
United-states
Eaton-vance-arizona-municipal-income-fund
Rate-fund
Eaton-vance-atlanta-capital-select-equity-fund
Eaton-vance-short-duration-high-income-fund
Term-municipal-bond-fund
Eaton-vance-corp
Eaton-vance-focused-growth-opportunities-fund
Parametric-international-equity-fund
IDFC Floating Rate Fund NFO: Betting on rate-cycle turnaround
Maulik Madhu
BL Research Bureau |
Updated on
February 13, 2021
Similar schemes have generated one- and three-year rolling returns of 6.5-8.0% and 6.4-8.2%
IDFC Mutual Fund recently launched its Floating Rate Fund. The new fund offer closes on February 16.
Such funds must invest at least 65 per cent of their assets under management (AUM) in floating-rate debt securities. The rest can be in debt and money-market instruments other than floating-rate ones. Given the paucity of floating-rate bonds in the market, floating-rate funds (or floater funds) invest in a mix of floating-rate debt instruments and fixed-rate debt papers converted into floating-rate ones using interest-rate swaps (IRS).
Anurag-mittal
Idfc-mutual-fund
Floating-rate-fund
Senior-fund
Mutual-fund
Floating-rate
Rate-fund
Nifty-low-duration-debt-index
Senior-fund-manager
Fixed-income
Idfc-floating-rate-fund
New-fund-offer
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