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How long does it take to get through registration and to start getting money? And to get listed? The following are funds I've been looking at: AAPHA-Centric bond rotation fund (since February 2015), Aston-Pictet premium brand (since March), TCW high dividend equity fund long/short fund (since August). Still see nothing on the Fidelity platform. God bless the Pudd
On Alphacentric, it appears that the fund launched on May 28, 2015. The "A" shares ticker is BDRAX. No guess about when or if Fido will offer it.
Fund companies must get SEC clearance before they're permitted to offer a new fund to the public. Once they file the necessary paperwork, SEC has 75 days to review it. Absent an SEC objection, the prospectus becomes effective.
That is, however, not the same thing as saying that the fund company will launch of the fund at that point, just that they have the regulatory clearance to do so. They may, at their discretion, sit on a fund for months (RiverPark Focused Value gave itself a sort of subscription period, as a recent example) or forever. The only course of action is to call the adviser and ask.
Comments
If you want to nudge the process, call up your broker, and specifically request they add your desired funds their fund platform.
On Alphacentric, it appears that the fund launched on May 28, 2015. The "A" shares ticker is BDRAX. No guess about when or if Fido will offer it.
Fund companies must get SEC clearance before they're permitted to offer a new fund to the public. Once they file the necessary paperwork, SEC has 75 days to review it. Absent an SEC objection, the prospectus becomes effective.
That is, however, not the same thing as saying that the fund company will launch of the fund at that point, just that they have the regulatory clearance to do so. They may, at their discretion, sit on a fund for months (RiverPark Focused Value gave itself a sort of subscription period, as a recent example) or forever. The only course of action is to call the adviser and ask.
David