Top Portfolio Products: Baird Launches Small-Cap Product; Fidelity Adds Global Equity-Income Funds

The Hartford announced Tuesday that it has introduced three new investment managers and 16 new investment options to its defined contribution retirement program offerings. Calamos Investments and Delaware Investments have been added to retirement plans for both corporate and nonprofit sponsors. TIAA-CREF has been added for nonprofit sponsors, including schools, charities, government entities and others. The new investment options are:

For corporate and nonprofit plans: Calamos Global Equity Fund (CAGEX); Delaware Diversified Income Fund (DPDFX); and Delaware Extended Duration Bond Fund (DEEAX); Eaton Vance Atlanta Capital SMID-Cap Fund (EAASX); Federated Clover Small Value Fund (VSFAX); Hartford High Yield Fund (HAHIX); Invesco Van Kampen American Franchise Fund (VAFAX); Oppenheimer Equity Income Fund (OAEIX); Oppenheimer International Diversified Fund (OIDAX); and Prudential Jennison Natural Resources Fund (PGNAX).

For nonprofits: TIAA-CREF Bond Index Fund (TBIIX); TIAA-CREF Equity Index Fund (TIEIX); TIAA-CREF Large-Cap Growth Index Fund (TRIRX); TIAA-CREF Large-Cap Value Index Fund (TRCVX); PIMCO Total Return III Fund (PTSAX); Invesco Real Estate Fund (IARAX).

4) Neuberger Berman Introduces Long Short Fund

Neuberger Berman announced Wednesday that it has introduced the Neuberger Berman Long Short Fund (NLSAX, NLSCX, NLSIX), providing investors with a long-short investment strategy that seeks long-term capital appreciation and principal preservation, and is available with daily liquidity at a minimum investment of $1,000.

The fund is managed by Charles Kantor and the portfolio management team includes William Muller, Charles Nguyen and Marc Regenbaum. The fund’s managers may invest in fixed income securities and in equities of both U.S. and non-U.S. companies. The fund seeks both long-term capital appreciation and principal preservation, and may serve as a complement to traditional equity and fixed income strategies. 

5) Market Vectors Launches Emerging Markets High Yield Bond ETF

Market Vectors ETF Trust announced on Wednesday the launch of Market Vectors Emerging Markets High-Yield ETF (HYEM), which seeks to replicated, as closely as possible, before fees and expenses, the price and yield performance of the BofA Merrill Lynch High-Yield Emerging Markets Liquid Corporate Plus Index (EMHY). The index is made up of U.S. dollar-denominated bonds issued by non-sovereign emerging market issuers that are rated below investment grade.

The fund has a gross expense ratio of 0.53% and a net expense ratio of 0.40%, which is capped at least until September 1, 2013. Cap excludes certain expenses, such as interest.

Read the May 4 Portfolio Products Roundup at AdvisorOne.com