New products and changes introduced over the last week include three short-duration bond funds from Fidelity and a new global industrials fund and an online retirement center from T. Rowe Price.

In addition, Mariner Wealth announced the launch of its trust company, and Nasdaq OMX launched 14 new indexes.

Here are the latest developments of interest to advisors:

1) Fidelity Adds 3 New Bond Funds

Fidelity Investments announced Tuesday the launch of three new short-duration bond funds: Fidelity Limited Term Bond Fund (FJRLX), Fidelity Conservative Income Municipal Bond Fund (retail class, FCRDX; advisor class, FMNDX) and Fidelity Short Duration High Income Fund (FSAHX).

FJRLX is lead managed by Robert Galusza and co-managed by David Prothro. It seeks to provide a high rate of income and is credit-oriented, investing in sectors such as corporates, commercial mortgage-backed securities, asset backed securities and Government agency mortgages, which typically offer higher yields than Treasuries and Government securities. The fund normally maintains a dollar-weighted average maturity between two and five years.

FCRDX/FMNDX is managed by Doug McGinley. It invests in money-market securities and high-quality investment-grade municipal debt securities with a short duration. The fund normally maintains a dollar-weighted average maturity of one year or less.

FSAHX is managed by Matt Conti and co-managed by Michael Plage. It normally invests in higher-quality below-investment-grade bonds rated BB or B. It also intends to invest in floating-rate loans and investment-grade corporate bonds. The fund normally maintains a dollar-weighted average maturity of three years or less.

2) T. Rowe Price Adds Global Industrials Fund, Online Retirement Center

T. Rowe Price announced Tuesday the launch of its Global Industrials Fund (RPGIX), which seeks long-term capital growth by investing in foreign and U.S. companies within the industrials sector. It will be managed by Peter Bates, and its net expense ratio is estimated to be 1.05%.

RPGIX will normally invest at least 80% of its net assets in securities issued by companies in the industrials sector, at least 40% of its assets in companies outside the U.S. across a minimum of five different countries and in companies of any market capitalization, depending on where the portfolio manager sees the best opportunities. It will invest among the following industries within the sector: aerospace and defense; building products and equipment; automobiles; machinery; construction and engineering; electrical components and equipment; industrial technology; transportation; and manufacturing and industrial conglomerates.

T. Rowe Price Retirement Services also announced the launch of its Online Learning Center for participants in the employer-sponsored retirement plans for which it is recordkeeper. Currently the center offers a series of four educational videos designed to better equip retirement participants with the knowledge they need to plan for the future. Additional videos, including ones focused on financial planning tips for women and the basics of money management, are under development.

Plan sponsors can provide their participants with a link to the center on their benefits websites, or work with the firm to create a targeted campaign to promote the new resource within their organizations. In addition, the center is available on demand and gives participants the ability to learn at their own pace. Its content is optimized for smart devices and tablets, and accessible without having to log in to an account. 3) Mariner Wealth Launches Trust Company

Mariner Wealth Advisors announced Wednesday that it has launched Mariner Trust Co., created as a solution for clients who have requested a higher level of support to solve multigenerational wealth planning challenges.

Robert Swift heads the firm’s trust capabilities as senior vice president of Mariner Trust Co.

NASDAQ OMX Launches 14 New Indexes

The NASDAQ OMX Group, Inc. announced Wednesday that it has added 14 new indexes in the NASDAQ Newfound Index family, which features rules-based, quantitatively enabled investment strategies created by Newfound Research LLC and tracks specific investment strategies through the use of ETFs. The indexes are designed to utilize ETFs to allow for specific outcomes to be achieved as an overlay on a broad market experience.

These initial indexes represent an investment strategy that includes defensive equities, target yields, risk-managed income, and a dynamic market neutral strategy. NASDAQ OMX and Newfound expect the new indexes will be available for licensing and implementation through separately managed accounts and, in some cases, ETFs.

The 14 indexes are: NASDAQ Newfound Global Defensive Equity (NQNFGEQ); NASDAQ Newfound Global Defensive Equity Total Return (NQNFGEQT); NASDAQ Newfound 1% Target Excess Yield (NQNF1YL); NASDAQ Newfound 1% Target Excess Yield Total Return (NQNF1YLT); NASDAQ Newfound 2% Target Excess Yield (NQNF2YL); NASDAQ Newfound 2% Target Excess Yield Total Return (NQNF2YLT); NASDAQ Newfound 3% Target Excess Yield (NQNF3YL); NASDAQ Newfound 3% Target Excess Yield Total Return (NQNF3YLT); NASDAQ Newfound 4% Target Excess Yield (NQNF4YL); NASDAQ Newfound 4% Target Excess Yield Total Return (NQNF4YLT); NASDAQ Newfound Risk Managed Income (NQNFINC); NASDAQ Newfound Risk Managed Income Total Return (NQNFINCT); NASDAQ Newfound US Dynamic Long/Short (NQNFLS); and NASDAQ Newfound US Dynamic Long/Short Total Return (NQNFLST).

Read the Nov. 8 Portfolio Products Roundup at ThinkAdvisor.