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Avantis Investors Launches its First Fixed Income Mutual Funds


Avantis Investors Launches its First Fixed Income Mutual Funds
Avantis Investors Launches its First Fixed Income Mutual Funds
KANSAS CITY, Mo., Feb. 24, 2021 /PRNewswire/  Following the launch of its first three fixed income exchange traded funds (ETFs) over the past few months, Avantis Investors, a $3.5 billion investment brand from global asset manager American Century Investments, today announced the launch of its first low-cost, broadly diversified fixed income mutual funds: Avantis
® Core Municipal Fixed Income (AVMUX), Avantis
® Core Fixed Income (AVIGX) and Avantis
® Short-Term Fixed Income (AVSFX). These funds, available in Institutional Class shares, have the same strategy as their corresponding ETFs, which trade on the NYSE Arca, Inc. – AVMU, AVIG and AVSF ....

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Investment Product and Service Launches


Nuveen Expands TDF Solutions With New Series
Nuveen, the global investment manager of TIAA, has expanded its target-date fund (TDF) solutions offering with the addition of the Nuveen TIAA Lifecycle Index CIT series.
The new collective investment trust (CIT) series will further complement the firm’s existing TDF suite, which includes an offering of active, passive and blended strategies. The trustee for the CIT is SEI Trust Co., a wholly owned subsidiary of SEI Investments Co. SEI maintains ultimate fiduciary authority over the management of and the investments made in the CIT, with Nuveen acting as the adviser. 
With the launch of the Nuveen TIAA Lifecycle Index CIT series, the firm will now offer a passive target-date strategy in both mutual fund (TIAA-CREF Lifecycle Index Funds) and CIT solutions. The latest CIT series will also be managed by Nuveen’s mixed assets portfolio management team, which was recognized for its management of mutual funds for the fifth ....

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