Merrill, Goldman, Seafarer Launch Funds
Bank of America said recently that it launched the Merrill Edge Select Portfolios to give its mass-affluent clients access to actively managed, diversified portfolios with a minimum balance requirement of $20,000 and a 1% yearly management fee.
Top Portfolio Products: iShares Launches 7 ETFs
New products introduced over the last week include seven new ETFs from iShares and one new fund from Seafarer Capital Partners. In addition, Invesco introduced two new high-beta ETFs.