Top Portfolio Products: ProShares and Cambria Launch ETFs

This week's product introductions range wide, from European ETFs and emerging market mutual funds to a new green bond

New products and changes introduced over the last week include a European ETF from ProShares, an actively managed multifactor ETF from Cambria ETF Trust and two mutual funds from Schroders.

Also, GIP announced plans to issue a green bond and Tideline, a consulting firm focused on investment strategies and solutions, debuted. There were also new products from Securian and software enhancements from Jefferson National and Envestnet.

Here are the latest developments of interest to advisors:

1) ProShares Launches European ETF

ProShares introduced the ProShares MSCI Europe Dividend Growers ETF (EUDV), which is focused on European companies that have consistently grown their dividends year over year.

EUDV tracks the MSCI Europe Dividend Masters Index which targets companies that are currently included in the MSCI Europe index and have increased dividends every year for at least 10 consecutive years. The index contains a minimum of 25 stocks, which are equally weighted.

2) Cambria Adds Actively Managed ETF

Cambria ETF Trust and its investment manager Cambria Investment Management launched the Cambria Value and Momentum ETF (VAMO).

VAMO is an actively managed ETF with multifactor and hedging capabilities. It invests in 100 stocks with market caps greater than $200 million that rank among the highest in value and momentum factors. It has the ability to hedge up to 100% of the portfolio based on top-down assessment of stock valuations and market trends.

3) Schroders Adds Two Funds

Schroder Investment Management North America Inc., a subsidiary of Schroders plc, has launched two mutual funds, the Schroder Emerging Markets Small Cap Fund (SMLNX) and Schroder Short Duration Bond Fund (SDBNX). Retirement plan R6 shares are SMLRX and SDBRX, respectively.

SMLNX, managed by Allan Conway, Matthew Dobbs, James Gotto and Richard Sennitt, provide access to growth prospects outside developed markets. SDBNX, managed by Andrew Chorlton, Edward Jewett, Richard Rezek Jr., Julio Bonilla and Neil Sutherland, allocates resources across shorter maturities.

4) GIP to Issue Green Bond

GIP, an independent infrastructure fund that invests worldwide in infrastructure assets and business in OECD developed countries and select emerging market countries, has announced that it will issue a nonrecourse, investment grade-certified green bond in connection with its acquisition of a 50% stake in the Gode Wind 1 offshore wind farm project (Gode Wind 1) from Danish integrated energy company DONG Energy.

The bond will be issued to a consortium of leading German insurance companies. The transaction is subject to approval by competition authorities and is expected to be completed in September.

5) Impact Investing Firm Tideline Opens

Tideline, a consulting firm designed to provide tailored advice to clients developing impact investment strategies and solutions, has launched.

The firm was started by Christina Leijonhufvud, creator and former head of J.P. Morgan's social finance business; Ben Thornley, former head of the global research and consulting practice at Pacific Community Ventures; and Kim Wright-Violich, former CEO of Schwab Charitable. Their aim is to help institutional clients develop and fine-tune their impact investment strategies and products by providing strategic advice and planning, investment program and product design, market research and intelligence and impact measurement and evaluation.

6) Securian Adds Variable Universal Life Product

Securian launched VUL Defender, a variable universal life product that offers an optional death benefit guarantee flex agreement (DBGA Flex) and new managed volatility portfolios (MVPs).

VUL Defender’s DBGA Flex offers policyholders the potential to lower the cost of the premium.

7) Jefferson National Chooses LifeYield

Jefferson National chose financial software firm LifeYield, LLC to power an asset location tool designed to help advisors enhance aftertax outcomes for clients. The tool is currently under development and slated to launch in early 2016.

The proprietary tool is designed to help identify optimal location for assets based on tax-efficiency to maximize the tax advantages of the firm’s Monument Advisor, a flat-fee investment-only variable annuity.

8) Envestnet Integrates First Stage of Finance Logix Software

Envestnet completed the first stage of integration of Finance Logix’s financial planning software with its ENV 2 platform.

Client accounts and financial plans in Finance Logix are updated nightly with data imported from Envestnet, enabling daily updates of financial plan scenarios so that account and financial plan progress can be tracked in real time. Advisors can also use the imported information to build a financial plan in Finance Logix, and then send data from individual client financial plan scenarios to ENV 2, where they can create a proposal without logging out of Finance Logix.

9) 361 Capital Closes Fund to New Investors

361 Capital is soft closing its 361 Capital Managed Futures Strategy Fund as of September 30. The fund will no longer accept new investors but current investors can continue to add shares.

Read the September 3 Portfolio Products Roundup on ThinkAdvisor.


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