Podcast Center
Video Center
Webcasts
Resource Center
Events
September 11, 2011 at 11:20 AM
New products introduced over the last week include Franklin Templeton’s new Global Allocation Fund and Neuberger Berman’s Global Equity and Global Thematic Opportunities funds.
In addition, two of Van Eck’s gold ETFs topped $13 billion in AUM, while Adams Express announced an annual target distribution; the Options Industry Council announced that August 2011 options were nearly double those of August 2010; and Rydex shuttered two funds.
Here are the latest developments of interest to advisors:
1) Franklin Templeton Launches Global Allocation Fund for U.S. Investors
Franklin Templeton Investments (BEN) announced Tuesday the launch of the Franklin Templeton Global Allocation Fund for U.S. investors, combining Franklin Templeton investment management teams with its Multi-Asset Strategies group.
The fund seeks total return by investing in a diversified portfolio of equity and fixed income securities, supplemented by a tactical strategy that may include cash and financial derivative instruments, to allow the fund to adjust its exposure to asset classes, geographic regions, currencies and market sectors.
The management team manages risk in seeking to improve the fund’s overall risk/return profile, and uses the fund’s multimanager structure in pursuing multiple sources of returns.
2) Neuberger Berman Debuts Global Equity and Thematic Opportunities Funds
Neuberger Berman Group LLC announced Wednesday the launch of two funds, the Neuberger Berman Global Equity Fund (NGQAX, NGQCX, NGQIX) and the Neuberger Berman Global Thematic Opportunities Fund (NGHAX, NGHCX, NGHIX).
The Global Equity Fund, managed by Benjamin Segal and Saurin Shah, invests primarily in mid- and large-capitalization companies in both developed and emerging markets. The team seeks to control volatility by assessing political, economic and business risk facing each company being considered for the portfolio.
The Global Thematic Opportunities Fund invests primarily in equity securities of companies in both developed and emerging markets. The portfolio managers seek to identify significant and underappreciated trends across the globe, and utilize proprietary research to identify undervalued companies.
Portfolio managers are Tony Gleason, Alexandra (Sandy) Pomeroy, Richard Levine, and William Hunter.
3) Two Van Eck Gold ETFs Reach Combined AUM Over $13 Billion
Market Vectors Gold Miners ETF (GDX) and Market Vectors Junior Gold Miners ETF (GDXJ), both distributed by New York-based investment management firm Van Eck Global, have combined over $13 billion in assets under management (AUM), it was announced Wednesday.
The Gold Miners ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index. The index provides exposure to publicly traded companies worldwide involved primarily in the mining for gold, representing a diversified blend of small-, mid-, and large-capitalization stocks. As such, the fund is subject to the risks of investing in this sector.
The Junior Gold Miners ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Junior Gold Miners Index.
