New products introduced over the last week include three new hedged equity ETFs from Deutsche Asset & Wealth Management, three new funds from BMO Global Asset Management, and a new emerging markets income fund from Neuberger Berman.
In addition, Direxion launched a new long/short global currency fund, Ramius announced its new event-driven equity mutual fund, and American Independence Financial Services announced a strategic partnership with Cougar Global Investments on investment solutions.
Here are the latest developments of interest to advisors:
1) Deutsche Asset & Wealth Management Launches Three New Funds
Deutsche Asset & Wealth Management announced Tuesday the launch of three new hedged equity ETFs on the db X-trackers platform. The new funds track MSCI hedged equity indexes and provide direct exposure to several international equity markets, while aiming to protect against fluctuations in value of the U.S. dollar and non-U.S. currencies.
The three new ETFs are: db X-trackers MSCI Asia Pacific ex Japan Hedged Equity Fund (DBAP); db X-trackers MSCI Europe Hedged Equity Fund (DBEU); and db X-trackers MSCI United Kingdom Hedged Equity Fund (DBUK). DBEU, DBUK and DBAP seek investment results that correspond generally to the performance of the MSCI Europe USD Hedged Index, the MSCI United Kingdom USD Hedged Index and the MSCI AC Asia Pacific ex Japan Index, respectively.
BMO Global Asset Management Introduces Three New Funds
BMO Global Asset Management recently announced the launch of three new funds.
The BMO TCH Emerging Markets Bond Fund (MEBIX) seeks to maximize total return from current income and capital appreciation, investing in debt securities issued by emerging market governments, companies located in emerging markets, or issuers whose primary business or trading activities are conducted in emerging markets.
The BMO Micro-Cap Fund (BMMYX) seeks to provide capital appreciation by investing, using a disciplined quantitative process, in common stocks of U.S. companies similar in size to those within the Russell Microcap Index based on company fundamentals.
BMO Global Low Volatility Fund is designed to provide investors with long-term returns similar to U.S. large cap stocks but with less volatility. The fund seeks capital appreciation by investing in stocks of U.S. companies similar in size to those in the Russell 1000 Index.
Neuberger Berman Launches Emerging Markets Income Fund for U.S. Investors