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December 12, 2014 at 10:44 AM
New products and changes introduced over the last week include a low-carbon ETF from SSGA; an ETF from Deutsche Asset & Wealth Management; a long/short equity fund from Henderson Global Investors; an ETF from Validea Capital Management; and five new funds from RBC Global Asset Management.
Also, SWIFT’s KYC Registry went live; Omni Alliance launched a cloud-based platform; fTLD Registry Services announced an agreement with Symantec; and Advent Software released a second round of product upgrades.
Here are the latest developments of interest to advisors:
1) SSGA Launches Low-Carbon ETF
State Street Global Advisors, the asset management arm of State Street Corporation, has announced the launch of the SPDR MSCI ACWI Low Carbon Target ETF (LOWC). Developed in conjunction with the United Nations Joint Staff Pension Fund (UNJSPF), LOWC seeks to provide access to the potentially long-term growth opportunities of companies that are carbon efficient while reducing exposure to assets vulnerable to the transition to a low-carbon economy.
LOWC seeks to provide investment results that correspond generally to the total return performance of the MSCI ACWI Low Carbon Target Index, which is designed to address two dimensions of carbon exposure—carbon emissions and fossil fuel reserves expressed as potential emissions. The index, which is a subset of the MSCI ACWI Index, overweights companies with low carbon emissions relative to sales and those with low fossil fuel reserves relative to market capitalization and seeks to achieve a target level of tracking relative to its parent index (the MSCI ACWI Index) while minimizing the carbon exposure.
2) Deutsche Asset & Wealth Management Adds ETF
Deutsche Asset & Wealth Management has announced the launch of Deutsche X-trackers MSCI EMU Hedged Equity ETF (DBEZ).
DBEZ is an international currency-hedged ETF that provides investors exposure to the eurozone and tracks the MSCI EMU IMI Dollar Hedged Index.
3) Henderson Global Investors Launches Long/Short Fund
Henderson Global Investors has announced the launch of the Henderson International Long/Short Equity Fund (HLNAX, HLNCX, HLNIX), which seeks to achieve long-term capital appreciation primarily through investment in equities of non-U.S. companies and will be fully hedged back to the U.S. dollar.
The Fund includes four regional sub-portfolios with a bottom-up approach to stock selection and will generally consist of a total of 60–70 positions. The sub-portfolios include Europe, the U.K., Japan and Asia and are managed by Stephen Peak, Neil Hermon, Vincent Musumeci and Andrew Gillan/Andrew Mattock, respectively.
4) Validea Capital Management Adds ETF
Validea Capital Management is launching the Validea Market Legends ETF (VALX).Ad
VALX is an actively managed fund that focuses on finding the most fundamentally sound stocks using disciplined investing models based on the strategies of Wall Street legends. The portfolio will be comprised of 10 unique investment models, each of which is based on the strategy of an investment legend. The strategies’ investment styles range from value to growth to income- and momentum-based approaches.
5) RBC Global Asset Management Adds Five FundsRBC Global Asset Management has introduced five additional mutual funds to its lineup, the RBC Small Cap Value Fund (RSVIX), RBC BlueBay Emerging Market Unconstrained Fixed Income Fund (RUFIX), RBC BlueBay Total Return Credit Fund (RBTRX), RBC Global Opportunities Fund (RGOIX) and RBC International Opportunities Fund (RIOIX).
RSVIX seeks to provide long-term capital appreciation by investing in equity securities of 70 to 100 high-quality companies that appear to offer attractive value relative to the overall market. It is managed by lead portfolio manager Lance James and senior portfolio manager Steve Kylander.
