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Top Portfolio Products: AccuShares Files for 7 ETFs

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New products and changes introduced over the last week include filings for seven ETFs from AccuShares and a fixed-indexed annuity option from Fidelity Guaranty & Life.

In addition, WPG Advisory announced expansion of its practice to serve telecommunications investors and Bonaire announced the migration of its SaaS solution to the Broadridge hosting platform.

Here are the latest developments of interest to advisors:

1) AccuShares Files to Launch Seven ETFs

AccuShares Investment Management LLC, the sponsor of newly formed fund trust AccuShares Commodities Trust I, has announced that the trust has filed a registration statement with the SEC to issue shares of seven ETFs. Launch dates are yet to be determined. The ETFs are designed to provide exposure to various spot and spot proxy prices represented by each ETF’s underlying index. AccuShares intends to offer two classes of shares in each ETF, one for investors with a positive view of future index performance and one for investors with a negative view of future index performance.

The first ETF expected to be offered, the AccuShares Spot CBOE VIX Fund, is designed to provide exposure to the CBOE Volatility Index. The remaining ETFs are designed to provide commodity price exposures as measured by the S&P GSCI Spot and some of its subindices. The ETFs are: AccuShares S&P GSCI Spot Fund; AccuShares S&P GSCI Agriculture and Livestock Spot Fund; AccuShares S&P GSCI Industrial Metals Spot Fund; AccuShares S&P GSCI Crude Oil Spot Fund; AccuShares S&P GSCI Brent Oil Spot Fund; and the AccuShares S&P GSCI Natural Gas Spot Fund.

2) Fidelity & Guaranty Life Launches Uncapped FIA Index Option

Fidelity & Guaranty Life Insurance Co. has announced the launch of Performance Pro, an uncapped fixed indexed annuity (FIA) option. Performance Pro provides the potential for higher accumulation and/or income during retirement, offering a range of FIA interest crediting options. It also has a 10% vesting premium bonus (5% for ages 76 and older), a performance-driven income base, illustrated income, and enhanced income for impairment.

Performance Pro’s five-year spread interest crediting option is tied to the Dow Jones U.S. Real Estate Index, with 10% volatility controlled index. By using a volatility controlled index, FGL can offer uncapped accumulation options within FIAs, limiting both upside and downside swings in the index.

3) WPG Advisory LLC Offers Consulting to Telecommunications Investors

WPG Advisory LLC has announced the expansion of its practice to include consulting services for hedge funds, private equity firms and family offices with existing or planned investments, acquisitions and related transactions in the telecommunications industry.

WPG’s offerings for investment firms include market intelligence and research; complex transaction support; technology and industry insights; FCC regulatory support; second-opinion review of Wall Street analyst reports; due diligence support; assistance with turnaround and restructuring situations; valuation and intrinsic value analysis; and business model development and review.

4) Bonaire Announces Migration of SaaS Solution to Broadridge Hosting

Bonaire, a Broadridge Financial Solutions company, has announced the migration of its SaaS (Software as a Service) solution to the Broadridge hosting environment. Since 2008, Broadridge has maintained an ISO 27001 Certification for the facility and the Tier III plus data centers through which the SaaS services will be provided to help ensure the security of client data.

The migration makes available the SaaS distribution model of Bonaire’s revenue and expense management capabilities on a managed basis, allowing it to provide services in operations infrastructure to banks, as well as retail, institutional and discount broker-dealers, clearing houses, mutual funds, hedge funds and investment managers. Bonaire also provides its services in two other distribution models: in-house installation and business process outsourcing.

Read the Mar. 16 Portfolio Products Roundup at ThinkAdvisor.


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