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Top Portfolio Products: Salient Launches Pure Trend Fund

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Portfolio Products logoNew products introduced over the last week include a pure trend fund from Salient and a new ETF from Global X.

In addition, Bluerock launched its Total Income+ Real Estate Fund.

Here are the latest developments of interest to advisors:

1) Salient Launches Pure Trend Fund

Salient Partners has launched the Salient Pure Trend Fund (A shares, SPTAX; C shares, SPTCX; I shares, SPTIX). It seeks to generate long-term capital appreciation with low correlation to traditional core equity and bond market exposures. It makes both long and short investments primarily in futures contracts and other financially linked derivatives and instruments in order to obtain exposure to momentum—the continuation of recent price trends—across a wide range of global markets and asset classes. The fund’s annual management fee is 0.95% of its average daily net assets.

The fund’s investment advisor is Salient Advisors, a wholly owned subsidiary of Salient Partners. It is distributed by Foreside Fund Services. Roberto Croce, Salient’s director of quantitative research, also serves as the fund’s portfolio manager.

2) Global X Funds Launches SuperDividend U.S. ETF

Global X Funds has launched the Global X SuperDividend U.S. ETF (DIV), which provides exposure to 50 companies that rank among the highest-dividend-yielding equity securities in the U.S. DIV seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the INDXX SuperDividend U.S. Low Volatility Index. It employs 25% sector caps and equal weighting across a group of 50 securities, as well as a low-volatility filter, and expects to pay monthly dividends.

DIV offers exposure to a broad group of industries: REITs (24%), utilities (24%), MLPs (18%), telecommunications (12%), consumer staples (8%), health care (6%), consumer discretionary (4%), industrials (2%) and technology (2%).

3) Bluerock Launches Total Income+ Real Estate Fund

Bluerock has announced the launch of its Total Income+ Real Estate Fund (TIPRX). A public fund of funds, TIPRX provides individual investors an opportunity to invest alongside endowments and pension plans with leading institutional real estate managers otherwise inaccessible to them due to large minimum investment size or other restrictions.

Mercer Investment Management will serve as subadvisor under an exclusive long-term agreement with Bluerock. Randy Anderson, president of Bluerock, is the portfolio manager. Mercer and Bluerock will seek to invest in a select group of institutional funds that meet the primary TIPRX investment criteria: stable current income plus capital appreciation, low volatility, and low correlation to the broader equity markets.

Read the March 11 Portfolio Products Roundup at AdvisorOne.


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