New products introduced over the last week include a website from Putnam dedicated solely to defined contribution investment, and WisdomTree’s announcement that underwriters have exercised their option to purchase additional stock in a secondary offering.
In addition, Invesco announced that only three out of 123 ETFs will be delivering capital gains distributions for 2012, and Vista Equity Partners announced that it has completed its acquisition of Taxware.
Here are the latest developments of interest to advisors:
1) Putnam Launches New Website Dedicated to Defined Contribution Investment
Putnam Investments announced that it has created a new, dedicated defined contribution investment-only (DCIO) website that captures the content most requested by consultants, recordkeeping firms and investment research professionals. The site is live.
Inustry research reported earlier this year by Strategic Insight indicated that the DCIO market is set to grow to 60% of total DC assets by 2017, up from an estimated 52% at year-end 2011.
The new site will include a variety of educational materials. Coming early next year will be links to the Putnam Fund Visualizer, an investment analytics tool that allows research and advisors to compare funds and model portfolios as well as plan investment menus.
Other resources include detailed product profiles, commentaries, and fact sheets on over 30 funds and Putnam’s collective trusts; Putnam’s quarterly market trends book; sector insights and analyst commentary on industries and market sectors; and weekly economic updates and monthly market summaries.
2) WisdomTree Announces Underwriters Exercise Option in Secondary Offering