New products introduced over the last week include PIMCO’s new multi-asset fund, and Credit Suisse’s new equity ETN. In addition, Putnam Investments launched a new website for advisors, AlphaShares unveiled its new yuan bond index and Invesco announced a new yuan bond ETF, and Russell Investments expanded its investment discipline indexes to the small cap arena.
Here are the latest developments of interest to advisors:
1) PIMCO Launches PIMCO Inflation Response Multi-Asset Fund
PIMCO announced Tuesday the launch of the PIMCO Inflation Response Multi-Asset Fund (PIRMX,PZRMX), for investors looking to hedge global inflation risks and take advantage of returns that inflation dynamics offer.
The fund, combining PIMCO’s real return expertise and risk factor approach to asset allocation, is managed by Mihir Worah, a managing director in Newport Beach, Calif. It uses a multi-asset approach to identify and hedge risk to protect against inflation.
It may even take advantage of it by investing in a range of assets that might respond to different types of inflation. PIMCO actively manages the asset allocation and underlying investments and incorporates tail risk hedging strategies intended to limit the impact of severe market shocks. These strategies are designed to protect against downside risk while positioning inflation-related assets to benefit from inflation dynamics.
2) Credit Suisse Announces Launch of New Market-Neutral Equity ETN
Credit Suisse announced on Wednesday the launch of its Equity Market Neutral ETN (CSMN), the first ETN to provide exposure to an equity market neutral strategy in an exchange-traded format. It tracks a market-neutral strategy as represented by the HS Market Neutral Index powered by HOLT.
The index is intended to achieve stable returns while reducing risk by selecting a portfolio of 75 long stocks and 75 short stocks from over 20,000 global equities. The index uses Credit Suisse’s HOLT stock selection framework which incorporates factors including value and momentum.
3) Putnam Investments Introduces Customized, Analytical Web-Based Resources to Financial Advisors
Putnam Investments on Thursday officially launched a new website, www.putnam.com/advisor, that allows for advanced, open-architecture portfolio modeling to assist advisors in their work with clients. In addition to introducing a series of technology-enabled and social media-driven practice management elements, the new site builds upon its analytical tool, FundVisualizer.
The site also allows the advisor community to join conversations on Putnam’s social media sites, including those on Twitter and Facebook. A feedback component is available. The new site will provide advisors with a sense of what their peers are viewing most, and offer practice management and thought leadership resources.