In this week’s new products news, Global X Funds launched its new SuperDividend ETF and Deutsche Bank brought out a suite of currency-hedged ETFs. In addition, Russell Investments announced that its LifePoint Funds Target Date Series passed $1 billion in AUM; Windham Investments initiated a new strategy; New York Life launched a microsite designed for the LGBT community; and ACA expanded its succession planning program.
Here are the six latest product developments of interest to advisors:
1) Global X Funds Launches SuperDividend ETF
New York-based ETF provider Global X Funds on June 9 launched the Global X SuperDividend ETF (SDIV). The new ETF provides broad exposure to 100 companies worldwide that rank among the highest dividend-yielding equity securities in the world.
SDIV seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global SuperDividend Index. The index provider applies certain dividend stability filters to minimize investor risk exposure if a single company depreciates in price or reduces its dividend.
SDIV offers investors exposure to a broad group of industries: REITs (22%), consumer discretionary (16%), telecommunications (16%), financial services (10%), utilities (8%), banks (5%), consumer staples (5%), energy (5%), industrials (5%), insurance (3%), technology (3%), and health care (2%). Investors may also benefit from global diversification, which includes international issuer and currency exposure in the U.S. (32%), Australia (24%), Great Britain (10%), Canada (6%), and Singapore (4%), among others.
2) Deutsche Bank Launches Suite of International Currency-Hedged ETFs
Deutsche Bank on June 9 announced the launch of five new ETFs linked to currency-hedged MSCI International indexes. These ETFs are designed to provide investors direct exposure to international equity markets and aim to protect against fluctuations in the value of the U.S. dollar and non-U.S. currencies.
The ETFs will be listed for trading under the following symbols:
- db-X MSCI Japan Currency-Hedged Equity Fund (DBJP)
- db-X MSCI Brazil Currency-Hedged Equity Fund (DBBR)
- db-X MSCI Canada Currency-Hedged Equity Fund (DBCN)
- db-X MSCI EAFE Currency-Hedged Equity Fund (DBEF)
- db-X MSCI Emerging Markets Currency-Hedged Equity Fund (DBEM)
The ETFs seek to provide investment results that, before fees and expenses are applied, correspond generally to the price and yield performance of their respective benchmark indexes. They are designed to provide exposure to equity securities globally, while seeking to mitigate exposure to fluctuation between the value of the U.S. dollar and non-U.S. currencies by also investing in currency forwards.
3) Russell Investments LifePoints Funds Target Date Series Surpasses $1 Billion in AUM
Russell Investments announced on June 7 that its LifePoints Funds Target Date Series has surpassed $1 billion in AUM, reflecting year-over-year growth of 44%. The Target Date Series is a set of 10 strategically diversified portfolios designed to simplify the asset allocation process for retirement plan participants over time, including nine target date strategy funds and the In Retirement Fund. They are available to retirement plans via the firm's U.S. advisor-sold business, which partners with financial intermediaries and defined contribution record keepers.