Top Portfolio Products: OneAmerica Debuts Index(k)

First Trust Advisors LP has launched a new actively managed ETF, the First Trust Preferred Securities and Income ETF (FPE), which seeks total return and to provide current income by investing primarily in preferred securities and income-producing debt securities, including corporate bonds, high-yield securities and convertible securities. Under normal market conditions, at least 80% of its net assets, including investment borrowings, will be allocated to these asset classes.

Wilton, Ct.-based Stonebridge Advisors LLC serves as FPE’s subadvisor and manages its portfolio. Stonebridge provides highly specialized expertise in preferred and hybrid securities for institutional investors and high-net-worth individuals.

5) Yorkville Launches High Income Infrastructure MLP ETF

Asset management firm Yorkville ETF Advisors, LLC, a subsidiary of Yorkville ETF Holdings, LLC, has launched the Yorkville High Income Infrastructure MLP ETF (YMLI), which provides exposure to infrastructure master limited partnerships (MLPs), that offer capital appreciation potential as a group of companies expected to grow significantly over the next decade in response to demand for pipelines, storage and processing systems required by rapidly growing U.S. energy production.

YMLI tracks the Solactive High Income Infrastructure MLP Index, which is published and maintained by Structured Solutions AG. Exchange Traded Concepts LLC will serve as investment adviser to YMLI. Yorkville ETF Advisors LLC and Index Management Solutions LLC will serve as subadvisors.

Read Searching for Yield? New ETF Taps U.S. Infrastructure on AdvisorOne.

6) Persimmon Capital Management Launches Persimmon Long/Short Fund

Persimmon Capital Management LP has launched the Persimmon Long/Short Fund (LSEAX), a multiadvisor mutual fund that seeks to use long/short equity strategies to produce equity-like capital appreciation over time with less volatility than long-only strategies. The fund commenced operations with $25 million of assets under management, and is distributed by Northern Lights Distributors LLC. The minimum initial investment in the fund is $2,500 for A share investors and $100,000 for I share investors. The minimum subsequent investment is $100 for all classes of shares.

LSEAX launched with six subadvisors that offer complementary strategies across various long/short equity styles, market capitalizations, sectors and geographic regions. The select group includes M.A. Weatherbie & Co., Sonica Capital LLC, Open Field Capital  LLC, Caerus Global Investors LLC, Turner Investments LP and ISF Management LLC. LSEAX’s three portfolio managers are Greg Horn, Persimmon’s president and CEO, and Todd Dawes and Shawn Gibson, senior vice presidents and partners at Persimmon. 7) Invesco PowerShares Expands Low Volatility Suite

Invesco PowerShares Capital Management LLC announced expansion of its low volatility suite of ETFs with strategies covering the U.S. mid-cap and small-cap segments. The new ETFs began trading on Feb. 15. They are the PowerShares S&P MidCap Low Volatility Portfolio (XMLV) and the PowerSharesS&P SmallCap Low Volatility Portfolio (XSLV).

In addition, the PowerShares S&P Emerging Markets Low Volatility Portfolio (EELV) and PowerShares S&P International Developed Low Volatility Portfolio (IDLV) recently passed their one-year anniversary. Since inception on January 13, 2012, both EELV and IDLV have achieved better risk-adjusted returns compared to their respective MSCI benchmarks.

Read the Feb. 8 Portfolio Products Roundup at AdvisorOne.