New products introduced over the last week include an alternative strategy ETF from Invesco PowerShares and an Asia fund focused on long-term opportunities from T. Rowe Price.
Also, Janus announced an unconstrained bond fund.
Here are the latest developments of interest to advisors:
1) Invesco PowerShares Launches Alternative Strategy ETF
Invesco PowerShares has announced the launch of the PowerShares Multi-Strategy Alternative Portfolio (LALT). The ETF is designed to offer investors risk-adjusted returns with low correlation to traditional asset classes.
LALT employs a long-short strategy that seeks to provide a positive total return with low correlation to the broader securities markets through a cost-efficient vehicle. Invesco Advisers, Inc., the subadvisor, selects investments for inclusion in LALT’s portfolio with reference to the components of the Morgan Stanley Multi-Strategy Alternative Index, its benchmark, using a quantitative process that seeks to exceed the index’s performance.
2) T. Rowe Price Offers Asia Opportunities Fund