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May 03, 2013 at 08:57 AM
Direxion introduced two new leveraged ETFs this week, and Jefferson National and Envestnet have teamed on the first VA to offer their model portfolios.
In addition, Invesco is promoting its Intentional Income Finder, Henderson Global launched a high-yield opportunities fund, and Securian introduced managed volatility portfolios for some of its variable annuities.
Here are the latest developments of interest to advisors:
1) Invesco Announces ‘Age of Income’ Focus
Invesco US recently announced a comprehensive “age of income” focus designed to help financial advisors guide investors to the right income sources to meet their financial goals.
The age of income comprises two trends: the thousands of baby boomers retiring each day and the search for returns in a low-yield environment.
An integral component in identifying potential income sources for investors will be Invesco’s Intentional Income Finder, a proprietary digital program that allows users to answer questions that target specific income needs. Based on the responses, the program will generate a list of asset classes to consider. The program also can provide specific investment options using Invesco’s wide range of investment products, spanning multiple asset classes through mutual funds, ETFs and unit trusts. The tool is available at invesco.com/income and as part of the most recent upgrade of the Invesco US iPad app.
2) Direxion Launches Two Leveraged ETFs
Direxion has launched two new leveraged inverse exchange-traded funds, the Direxion Daily Brazil Bear 3x Shares (BRZS) and Direxion Daily South Korea Bear 3x Shares (KORZ).
BRZS seeks daily investment results, before fees and expenses, of 300% of the inverse performance of the MSCI Brazil 25/50 Index. The index measures the equity market performance of mid- and large-cap Brazilian companies. Similarly, KORZ seeks daily investment results, before fees and expenses, of 300% of the inverse performance of the MSCI Korea 25/50 Index. The index measures the equity market performance of mid- and large-cap South Korean companies.
