A Little Friday File Fun

In New York City’s Harlem neighborhood, a 13-year-old girl told police that her 12-year-old schoolmate asked for one of her Chicken McNuggets in a McDonald’s restaurant. When she refused, he followed her to the subway and pulled out a g.un and held it to her head. She smacked the gun away and told him to leave her alone. Police didn’t recover the g.un, but ‘numerous witnesses’ said they saw it, the police told the Huffington Post. The boy was charged as a juvenile with attempted robbery.

In San Francisco, California, a book of short stories titled “Forty Minutes Late” has been returned to a San Francisco library — 100 years late. The San Francisco Chronicle reports a man’s great grandmother had checked it out in 1917. She passed away a week before the due date. He found it in an old steamer trunk in 1996, and assumed the library wouldn’t want it back, but a recently announced “fine forgiveness program” that runs through February 14 inspired him to return it.

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In Brixham, England, coast guards were called to St. Mary’s Beach by a concerned resident who said he heard cries for help. However, upon investigation, the coast guards found it was two amorous owls. They were satisfied nobody was in trouble and said the call was a false alarm with good intent, the Express reports.

In Concord, New Hampshire, police stopped a woman driving in hazardous conditions at 91 miles per hour. The usual speed limit on that Interstate ranges from 55 to 65, but the state had reduced it to 45 due to hazardous conditions. Her reason for being in such a hurry? She was late for an appointment to have a new car stereo installed.

How to wrap a present with no tape.

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Dinosaurs still roam among us.

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Investment Products and Services Launches

Victory Capital expands ETF platform and RBC GAM rolls out new Class R6 shares.
Victory Capital Expands ETF Platform
 
Victory Capital has released VictoryShares, the next innovation in its exchange-traded fund (ETF) platform. This builds upon the firm’s Victory CEMP volatility weighted ETFs, which the firm says have grown to approximately $960 million in assets under management.

Victory’s new lineup will track indexes developed in partnership with NASDAQ. The firm has signed initial registration statements for the new ETFs with the Securities and Exchange Commission (SEC), and it expects to roll out the new funds during the second quarter of 2017.

“Investors are demanding even greater choice when seeking to diversify beyond traditional active management or to improve upon cap-weighted indexing,” says David Brown, Victory’s Chairman and CEO. “We are pleased to partner with NASDAQ to bring innovative solutions to market that will further support our clients in meeting their investment objectives.”

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Victory says its new product line will further its commitment to the strategic beta space and include single- and multi-factor strategies designed to generate a variety of outcomes including maximum diversification, dividend income, downside mitigation, minimum volatility and targeted factor exposure.

“The VictoryShares platform is designed to provide investors with rules-based solutions that bridge the gap between the active and passive elements of their portfolios,” says Mannik Dhillon, CFA, head of investment solutions for Victory. “As investor behavior continues to evolve away from style box investing into factor- and risk-based investing, VictoryShares will serve as building blocks for next-generation portfolios.”

The names of the existing 11 Victory CEMP ETFs will be changed effective January 20, 2017, to reflect the VictoryShares branding. However, their tickers and CUSIP numbers will not change, and there is no change to the underlying CEMP indexes or corresponding methodologies.

For more information, visit victoryshares.com

NEXT: RBC GAM Rolls Out New Class R6 Shares

RBC GAM Rolls Out New Class R6 Shares

RBC Global Asset Management (RBC GAM) has released new Class R6 shares for two mutual funds in an effort to offer a greater level of fee transparency to investors in the retirement plan marketplace.

"The industry is constantly evolving in response to regulatory changes, fee compression and the desire for increased transparency,” explains Matthew Appelstein, head of sales and distribution for RBC GAM-US. “With these new solutions, we are pleased to provide U.S. investors with that same level of transparency and market alignment. Looking ahead, we believe that most retirement plans and platforms will consider moving toward the class R6 shares structure. This addition reflects our commitment to our clients and their retirement goals and positions us to continue our aim to deliver exceptional value to our clients."

The new Class R6 shares are the RBC BlueBay Diversified Credit Fund Class R6 and RBC BlueBay Emerging Market Select Bond Fund Class R6. The firm notes that Class R6 shares don’t engage in revenue-sharing and will not pay any kind of intermediary compensation including sub-transfer agency fees for services provided to accounts.

Minimum investments for these Class R6 shares are $1 million each.

RBC Global Asset Management (RBC GAM) provides global investment management services and solutions to individual, high-net-worth and institutional investors. RBC GAM is the asset management division of Royal Bank of Canada (RBC), and it includes institutional money managers BlueBay Asset Management and Phillips, Hager & North Investment Management.

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