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Top Portfolio Products: New Utility, Infrastructure ETFs

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Portfolio Products logoNew products introduced over the last week include two new ETFs from Deutsche Asset & Wealth Management and a new global equity fund from CMG Capital Management Group.

In addition, Docupace Technologies has premiered its Transition Assistant.

Here are the latest developments of interest to advisors:

1) Deutsche Asset & Wealth Management Launches 2 ETFs

Deutsche Asset & Wealth Management recently announced the launch of the db X-trackers Municipal Infrastructure Revenue Bond Fund (RVNU) and the db X-trackers Regulated Utilities Fund (UTLT).

RVNU invests in municipal infrastructure revenue bonds that are backed by dedicated revenue streams from infrastructure projects. It seeks to track the DBIQ Municipal Infrastructure Revenue Bond Index, a proprietary index of long-term U.S. tax-exempt bonds focusing on investment-grade issues for infrastructure purposes that are backed by dedicated revenue streams.

UTLT provides investors exposure to regulated utilities, an asset class backed by a government regulated rate base that produces stable earnings. It seeks to track the DBIQ Regulated Utility Index, a proprietary index of regulated utility companies from developed international markets.

2) CMG Capital Management Group, Inc. Launches CMG Global Equity Fund

CMG Capital Management Group announced that it has launched the CMG Global Equity Fund (A shares, GEFAX; I shares, GEFIX). The fund’s portfolio consists of 50 global stocks believed to demonstrate consistent earnings, financial strength and a track record of stable management and with the potential to deliver consistent long-term results. It includes a risk management overlay strategy that attempts to identify periods of high risk in global equity markets and hedge equity exposure though active volatility management.

AlphaSimplex Group is the subadvisor responsible for the fund’s active volatility management; Dr. Andrew Lo and Dr. Alexander Healy of AlphaSimplex Group will serve as portfolio managers. The fund is available on all major brokerage platforms including Fidelity/NFS, Pershing, Schwab, TD Ameritrade and Trust Company of America.

3) Docupace Technologies Announces Transition Assistant

Docupace Technologies has unveiled Transition Assistant, its new advisor transition service. The solution enables advisors to store all their previous records plus new transition records in a secure, temporary repository that feeds directly to the broker-dealer or custodian they are joining, once they’ve received regulatory approval. All forms can be prepopulated directly from the advisor’s client database.

For advisors who already have records stored with a third-party provider, Docupace will work with them to map their existing electronic records into the transition repository. Transition Assistant serves to reduce the labor and mailing costs associated with transitions and results in a fully auditable process. In addition, Docupace provides a transition specialist to act as the primary contact and guide for the transitioning advisor throughout the process.


Read the May 30 Portfolio Products Roundup at AdvisorOne.


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