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Portfolio > Portfolio Construction

Top Portfolio Products: Neuberger Berman Introduces China Equity Fund

By Marlene Y. Satter

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Portfolio Products logoNew products introduced over the last week include a new China equity fund from Neuberger Berman, a new bear ETF from AdvisorShares and two new BulletShares ETFs from Guggenheim.

In addition, Prudential Retirement and ASPire Financial partnered on a stable value product for the education market and W&S Financial Group Distributors launched a mobile website.

Here are the latest developments of interest to advisors:

1) Neuberger Berman Launches China Equity Fund

Neuberger Berman Group announced the launch of the Neuberger Berman Greater China Equity Fund (CEAX, NCECX and NCEIX), a mutual fund for U.S. investors investing primarily in equity securities of issuers based in mainland China, Hong Kong, Taiwan and Macau. It is managed by a team of 13, including portfolio managers and strategists, research analysts and traders, that is based in Shanghai and Hong Kong. Led by portfolio managers and managing directors Yulin (Frank) Yao and Lihui Tang, the team has an average of 14 years of experience investing in greater China markets.

The fund seeks to achieve an attractive total return by investing in typically 30-50 large- and mid-cap equity securities primarily in the greater China region. The team is focused on two broad themes: consumption-driven sectors, including agriculture, autos, entertainment, food and beverage, health care and retail; and infrastructure, including equipment, machinery and utilities. The fund has the latitude to invest in securities not found in the MSCI China index.

2) AdvisorShares Announces Launch of Athena International Bear ETF

AdvisorShares recently announced that the AdvisorShares Athena International Bear ETF (HDGI) opened for trading on Friday. HDGI, subadvised by AthenaInvest Advisors, is an actively managed short international equity securities portfolio with a tactical overlay.

Portfolio management is led by Dr. C. Thomas Howard, Ph.D., cofounder and chief investment officer of Athena. The HDGI portfolio can range from 50 to 100 holdings and invests in American Depositary Receipts (ADRs) and international company stocks traded on U.S. exchanges.

3) Guggenheim Investments Adds Two New ETFs

Guggenheim Investments, the investment management division of Guggenheim Partners, announced the launch of two new BulletShares ETFs: Guggenheim BulletShares 2021 Corporate Bond ETF (BSCL) and Guggenheim BulletShares 2022 Corporate Bond ETF (BSCM).

BulletShares are designed to mature in their target year, providing investors with specific target maturities to ladder portfolios or to manage within specific investment time frames. They track indices of approximately 70 to 190 corporate bonds with effective maturities in the same calendar year as each fund’s maturity, with maturity dates ranging from 2013 to 2022 at this time. 4) Prudential Retirement, ASPire Financial Partner on Stable Value Product

Prudential Retirement, a business unit of Prudential Financial, announced that the firm has partnered with ASPire Financial to make Prudential’s stable value product available to more than 4,000 school districts that use ASPire as recordkeeper.

Prudential’s stable value option for this platform is designed to provide safety of principal, liquidity and a competitive crediting rate that is guaranteed for at least six months. It was developed to reflect the needs and nuances of the education market, and similar to other ASPire investment options, there are no sales charges or redemption fee.

5) W&S Financial Group Distributors Launches Mobile Website

W&S Financial Group Distributors, the wholesale distributor of annuities and life insurance from Western & Southern Financial Group member insurance companies, announced the introduction of ProductPRO, a mobile-friendly website providing financial professionals instant access to annuity and life insurance product information. Access to the site is through WSProductPRO.com.

Western & Southern products supported on ProductPRO include five fixed annuities, four variable annuities and two life insurance products. Also available on the site are marketing literature, videos, interest rates and state availability. For access to more comprehensive information on products and resources, financial professionals will continue to use WSFinancialPartners.com, the online information hub for Integrity Life Insurance Company, National Integrity Life Insurance Company and Western-Southern Life Assurance Company products and services distributed by W&S Financial Distributors. All four companies are members of Western & Southern.

Read the July 12 Portfolio Products Roundup at ThinkAdvisor.

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