Bringing you live news and features since 2006 

Gabelli Funds launches Gabelli Media Mogul NextShares


Gabelli Funds, a subsidiary of GAMCO Investors, is to launch the Gabelli Media Mogul NextShares on the Nasdaq Stock Market on 1 December under the symbol MOGLC.

The fund is the first member of the Gabelli NextShares Trust offered under an agreement with NextShares Solutions, a subsidiary of Eaton Vance.
The primary objective of the fund is capital appreciation. Under normal market conditions, the fund will invest primarily in companies that were spun-off from Liberty Media Corporation as constituted in 2001, including companies formed through subsequent mergers of those spin-offs and companies in which Liberty Media and its successors have invested.
Liberty Media separated from AT&T in August 2001 to form a company that is an amalgamation of media and telecommunications related assets. The company’s chairman and largest shareholder since inception has been Dr John C Malone.
Since 2001, Liberty Media has engaged in a series of spin-offs, split-offs, mergers and tracking stock issuances.
Tracking stocks are generally common stocks issued by a parent company that track performance of a particular division of a company without having claim on the assets of the division or the parent company.
Media Mogul NextShares current investable universe includes US and non-US listed companies in the telecommunications, media, publishing, and entertainment industries.

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by