MainStay Funds [see profile] is planning to shutter its 130/30 Growth Fund this fall. The fund board this week greenlighted a proposal to liquidate the fund, which has AUM of $4.2 million. [SEC filing]

The liquidation will take place on or about September 30.

New York Life's mutual fund arm has two other 130/30 offerings in its lineup: MainStay 130/30 Core and 130/30 International. MainStay offers a total of more than 40 mutual funds. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE