New products introduced over the last week include a new junior miners ETF from Global X Funds and a low-duration bond fund from Scout Investments.
In addition, Envestnet has partnered with Fund Evaluation Group.
Here are the latest developments of interest to advisors:
1) Global X Funds Launches Junior Miners ETF
Global X Funds announced Thursday that it has launched the Global X Junior Miners ETF (JUNR), the first ETF to provide access to junior mining companies globally. It adds diversification across resources by including companies involved in the production of coal, copper, gold, iron, nickel, silver, titanium and other materials.
While junior miners typically have a higher risk/reward profile than large-cap miners, JUNR helps reduce company-specific risk by diversifying investments across 96 junior mining companies. Investors may also benefit from increased merger and acquisition activity in the sector, as large mining companies look to acquisitions and partnerships as additional sources of supply and geographic expansion.
2) Scout Investments Launches Low-Duration Bond Fund