New products introduced over the last week include a new emerging-markets bond fund from Franklin Templeton Investments; a new master limited partnership fund from Goldman Sachs; and two new ETFs from Global X.
In addition, MFS Investment Management announced that it has completed the rollout of class R5 shares for 40 of its funds and the Phoenix Companies announced a new annuity.
Here are the latest developments of interest to advisors:
1) Goldman Sachs Announces MLP Fund
Goldman Sachs Asset Management announced Wednesday the launch of the Goldman Sachs MLP Energy Infrastructure Fund (GLPAX), which invests in publicly traded MLPs that are primarily engaged in midstream energy operations including pipelines, transportation, terminals, storage, gathering and processing. GLPAX seeks total return through current income and capital appreciation. Kyri Loupis is the portfolio manager.
The fund invests primarily in MLPs and MLP-like securities. It is offered in class A and class C shares, both with $1,000 minimum initial investments; it also offers institutional, class R and class IR shares.
2) Franklin Templeton Investments Introduces Bond Fund
Franklin Templeton Investments announced Wednesday the introduction of the Templeton Emerging Markets Bond Fund, an actively managed, U.S.-registered mutual fund that seeks current income with capital appreciation as a secondary goal. The new fund invests in bonds issued by governments or government-related entities that are located in emerging market countries, as well as bonds issued by emerging market corporate entities.
The fund ‘s portfolio managers, Michael Hasenstab and Laura Burakreis, are supported by the analysis and insight of the Franklin Templeton fixed income group, over 140 investment professionals with an average of more than 14 years of industry experience. The managers employ an active, benchmark-agnostic investment style, based on fundamental country-by-country macroeconomic research that incorporates quantitative analysis, macroanalytic models, local market insight and rigorous risk management.
3) Global X Funds Launches Nigeria ETF, Central Asia & Mongolia ETF