New products introduced over the last week include a new sustainable ETF from AdvisorShares and Philippe Cousteau and a covered bond ETF from ProShares.
In addition, UBS announced two new ETNs and W. E. Donoghue launched a new subaccount for its Power Income variable annuity.
Here are the latest developments of interest to advisors:
1) AdvisorShares, Philippe Cousteau Launch Actively Managed Sustainable ETF
AdvisorShares’ 14th actively managed exchange-traded fund—and the first of its ETFs to focus on sustainable investment, the Global Echo ETF (GIVE)—opened for trading on Thursday at the New York Stock Exchange.
Launched in partnership with environmental advocate and social entrepreneur Philippe Cousteau Jr., the AdvisorShares Global Echo ETF is a multi-manager fund that seeks to “do well by doing good” by pairing a public investment company product with a private charitable foundation.
Read the entire story, AdvisorShares, Philippe Cousteau Launch Actively Managed Sustainable ETF, at AdvisorOne.
2) ProShares Launches Covered Bond ETF
ProShares announced on Wednesday the launch of ProShares USD Covered Bond (COBO), the only corporate bond fund—mutual fund or ETF—in the U.S. with substantially all of its assets rated AAA.