|Bid||0.00 x 308300|
|Ask||0.00 x 3100|
|Day's Range||49.99 - 50.00|
|52 Week Range||38.47 - 50.70|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||17.77|
|Earnings Date||Oct 22, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The landscape of funds, be it mutual funds or exchange-traded funds (ETFs), adhering to environmental, social and governance (ESG) principles is dominated by equity products. As is the case with other conversations about smart beta and fundamentally weighted products, investors are wondering if ESG virtues can be applied to the fixed income space. The short answer is “Yes, bonds and ESG are match.”
The Royce Fund (the "Trust") today announced that the shareholders of Royce Total Return Fund (the "Fund") voted to approve a new investment advisory agreement with the Trust's investment manager, Royce Investment Partners ("Royce")1, at its Special Meeting of Shareholders (the "Meeting"). With that action, every series of the Trust has now approved a new investment advisory agreement with Royce. "We thank our shareholders for their participation and strong support for the new agreement," said Christopher D. Clark, the Trust's President.
Franklin Resources (NYSE: BEN), a holding company that operates the investment management firm Franklin Templeton, just acquired competitor Legg Mason in a $4.5 billion deal that now makes the combined firm one of the world's largest in assets under management. As a result, Franklin Resources may have overpaid for the acquisition.