New products and changes introduced over the last week include a change in name and objective for one of Van Eck Global’s funds and the launch of another; an impact investing platform from Incapital; and a fund launch from Deutsche Asset & Wealth Management.

Also, New York Life Investment Management announced that it will acquire IndexIQ and ActiFi and Advisor Impact introduced a client engagement program.

Here are the latest developments of interest to advisors:

1) New York Life Investment Management to Acquire IndexIQ

New York Life Investment Management (NYLIM), the third-party global asset management business of New York Life, has announced that it will enter the ETF industry with the acquisition of IndexIQ.

Upon closing of the transaction, IndexIQ will be integrated into NYLIM and marketed through New York Life’s MainStay Investments platform. The transaction is expected to close in the first half of 2015.

2) Van Eck Global Changes One Fund Name, Objective and Launches Another

Van Eck Global has announced that the Van Eck Long/Short Equity Fund has been renamed the Van Eck Long/Short Equity Index Fund. Along with the name change has come a change in objective, with the new focus to track, before fees and expenses, the performance of the Market Vectors North America Long/Short Equity Index (the MVLSNATR Index).

Van Eck also launched the Variable Insurance Portfolio (VIP) Long/Short Equity Index Fund, an investment option available within variable annuity contracts. It also tracks the MVLSNATR Index, which implements a rules-based methodology that is designed to identify and reflect the long-term themes of a select peer group of North America-focused long/short equity hedge funds.

3) Incapital Launches Legacy Impact Investing Platform

Incapital has announced the launch of its Legacy values-based investing platform, designed to reach individual investors and to help advisors align their clients’ financial and social impact goals.

The Legacy platform, according to Incapital, creates opportunities for individuals to use their investment dollars to impact social and environmental change.

4) Deutsche Asset & Wealth Management Launches European Equity Fund

Deutsche Asset & Wealth Management has announced the launch of the Deutsche European Equity Fund (DURAX).

The fund is an open-end mutual fund that seeks long-term capital appreciation by investing in companies headquartered in Europe across a range of countries, sectors and capitalizations. The portfolio management team is led by Britta Weidenbach, Gerd Kirsten, Mark Schumann and Christian Reuter.

5) ActiFi and Advisor Impact Launch Client Engagement Program

ActiFi and Advisor Impact have announced the introduction of ActiFi Client Engagement, a program that combines client feedback with tools, support and resources to build client relationships. ActiFi Client Engagement will be powered by the Client Audit, Advisor Impact’s client feedback program.

ActiFi Client Engagement will layer in coaching, practice management resources and technology along with client feedback to help financial advisory firms take meaningful action. The program will be offered directly to individual advisors as well as through broker-dealers, custodians and TAMPs as part of an offer that links client feedback directly to advisor workflow. The program offers three levels and provides access to other features offered through the ActiFi software suite.

Read the Dec. 1 Portfolio Products Roundup at ThinkAdvisor.