The circle of life continues in the mutual fund industry, with the Stork delivering five new funds to the pack, while the Reaper led four to the elephant's graveyard.

The new cubs in the litter include the Scout Low Duration Bond Fund, launched by Scout Investments [Profile], and the First Trust CBOE S&P 500 VIX Tail Hedge Fund by First Trust Partners [Profile].

Other newborns were Van Eck's [Profile] Market Vectors Short High-Yield Municipal Index ETF and the RiverFront Conservative Income Builder Fund by ALPS [profile].

Thrivent Financial for Lutherans [Profile] also delivered the Thrivent Partner Emerging Markets Equity Fund.

Meanwhile, Drexel Hamilton Investment Partners closed two funds: Drexel Hamilton 8IP Asia Pacific Equity Fund and Drexel Hamilton FOUR European Equity Fund.

Rydex [Profile] put to sleep its Long Short Equity Strategy Fund.

Finally, Nuveen [Profile] merged its Nuveen Energy MLP Total Return Fund (JMF) and the MLP & Strategic Equity Fund Inc. (MTP).

 

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