New products and changes introduced over the last week include three ETFs from Compass EMP and a global multistrategy bond from Capital Platform, Stakis and Sackswood Capital.

Also, T. Rowe Price has closed its Capital Appreciation Fund to new investors and AdvisoryWorld and United Planners have announced an upgrade to the Orion platform’s reporting capabilities.

Here are the latest developments of interest to advisors:

1) Compass EMP Launches Three ETFs

NASDAQ OMX has announced that Compass EMP has launched three ETFs: the Compass EMP U.S. 500 Volatility Weighted Index ETF (CFA), Compass EMP U.S. 500 Enhanced Volatility Weighted Index ETF (CFO) and Compass EMP U.S. EQ Income 100 Enhanced Volatility Weighted Fund (CDC).

CFA seeks investment results that correlate with the price and yield performance, before fees and expenses, of the CEMP U.S. Large Cap 500 Volatility Weighted Index. The index is a passive broad market index consisting of the common stock of the 500 largest U.S.-based companies with four quarters of positive earnings weighted based on their daily standard deviation (volatility).

CFO looks for investment results that correlate with the price and yield performance, before fees and expenses, of the CEMP U.S. Large Cap 500 Long/Cash Volatility Weighted Index. The index is a passive broad market index consisting of the common stock of the 500 largest U.S.-based companies with four quarters of positive earnings weighted based on their daily standard deviation (volatility). The index has the ability to liquidate up to 75% of the securities to cash in the event of a market decline.

CDC seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the CEMP U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Index. The index is a passive index and generally consists of the common stock of the 100 highest dividend-yielding stocks of the CEMP U.S. Large Cap 500 Volatility Weighted Index. The index securities are then weighted based on their daily standard deviation (volatility). The index has the ability to liquidate up to 75% of the securities to cash in the event of a market decline.

2) Capital Platform, Stakis and Sackswood Capital Announce Multi-Strategy Bond

Capital Platform, Stakis and Sackswood Capital have announced the launch of the Global Multi Strategy Bond, a fully investable bond that taps into the universe of alternative investments and provides investors with a fully diversified investment product that covers all asset classes. The bond is sterling based and unleveraged at outset.

The component funds are selected to offer a mix of income-producing funds and growth funds, with the main proportion of the investments having a high degree of capital protection and liquidity. The selection of funds includes a wide range of sectors and strategies with no constraints to geography, size or investment philosophy. Included in the selection are funds that offer high-frequency trading, long and short strategies and real estate across residential and commercial sectors, currency, commodities and fixed income.

3) T. Rowe Price Announces Fund Closure

T. Rowe Price has announced that it has closed its Capital Appreciation Fund, along with similar portfolios for institutional clients, for the first time in order to maintain the integrity of the fund’s investment strategy and to protect the interests of existing shareholders.

While the fund is closed to new investors, additional investments from existing fund shareholders and direct rollovers from qualified retirement plans into new T. Rowe Price IRAs will still be accepted.

4) AdvisoryWorld, United Planners Announce Upgrade

AdvisoryWorld and United Planners (UP) have announced an enhancement to the reporting capabilities on UP’s Orion platform.

AdvisoryWorld’s macro allocation reports on demand feature has been deployed on the platform for advisors who are under UP’s corporate RIA. Through the integration alliance between United Planners and Albridge, advisors on that platform will have access to AdvisoryWorld’s holding scan and fact sheet reports tied directly to Albridge account and asset ticker anchor points. This is made possible as a result of AdvisoryWorld’s development efforts with Albridge Applink. Similarly, UP users of Redtail CRM have access to AdvisoryWorld fact sheets.

Read the June 27 Portfolio Products Roundup at ThinkAdvisor.