New 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