DVY saw a huge drop in its fund flow this year compared to FVD, which resulted in a fund outflow (or negative fund inflow) for DVY. It happens when the redemption of shares is higher than purchases.
The use of smart beta funds for investment has increased considerably during 2015. Almost $2.1 trillion is invested in smart beta funds as of November 5.
The First Trust Value Line Dividend Index Fund is a smart beta fund that gives the dual opportunity of regular income with long-term capital appreciation.
First Trust Value Line Dividend Index Fund is a smart beta fund by First Trust that seeks to replicate the performance of the Value Line Dividend Index.
UMB Financial reported interest income of $115.2 million in 3Q15, an increase of 13.1%. Non-interest income decreased to $109.1 million in 3Q15, a decrease of 8.7% on a quarterly basis.
