New products introduced over the last week include a new emerging markets equity fund from Calvert; a new emerging markets debt fund from Aberdeen; impact-rated portfolios from HIP Investors and SNW Asset Management; and 10 additional funds added to the Nottingham platform.
In addition, Charles Schwab announced a new iPad app; Forward announced enhancements to its suite of asset allocation funds; and Jefferson National was recognized by Cerulli for its flat-fee variable annuity.
Here are the latest developments of interest to advisors:
1) Calvert Investments Launches Calvert Emerging Markets Equity Fund
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Calvert recently announced the launch of the Calvert Emerging Markets Equity Fund (CVMAX), subadvised by Hermes Investment Management Limited, based in London. CVMAX is Calvert’s latest sustainable and responsible investment (SRI) mutual fund, part of a series of investment portfolios known as Calvert Solution Strategies.
CVMAX seeks long-term capital appreciation by investing primarily in equity securities of companies located in emerging market countries, using its sustainability and corporate responsibility criteria. The fund may invest in companies of any market capitalization size, but seeks to have market capitalization size characteristics similar to that of the MSCI Emerging Markets Index.
2) Aberdeen Launches Emerging Market Debt Mutual Fund
Aberdeen Asset Management Inc. announced Thursday that it has launched the Aberdeen Emerging Markets Debt Fund (A shares: AKFAX).
AKFAX invests across the emerging markets debt universe, including hard and local currency sovereign bonds and corporates, and is managed by Aberdeen’s emerging market and sovereign debt team, led by Brett Diment.
3) HIP Investor and SNW Asset Management Launch Portfolios
HIP Investor Inc. and SNW Asset Management Inc. (a wholly owned subsidiary of Seattle-Northwest Securities Corp.) announced a business collaboration offering clients impact-rated portfolios for municipal bonds and fixed income.
The portfolios, managed by SNW Asset Management and scored by HIP Investor, allows investors to see a quantified score of human, social and environmental impact realized by their investments. The new approach may also spur issuers of multimillion-dollar bonds toward more accountability and innovation as they seek to advance the well-being of their communities.
4) Nottingham Adds New Funds to Platform