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Top Portfolio Products: Janus Reopens Fund

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New products and changes introduced over the last week include the reopening of the Perkins Small Cap Value Fund by Janus; an expansion of its ETF OneSource by Schwab; a mutual fund from Fortunatus; and two smart beta funds from ETF Securities.

Also, Columbia Management launched a liquid alternative mutual fund; Advent released the next generation of its Black Diamond wealth management platform; and Croesus selected Quovo as its data solution partner.

Here are the latest developments of interest to advisors:

1) Janus Reopens Perkins Fund

Janus Capital Group, Inc. has announced the reopening of the Perkins Small Cap Value Fund (JNPSX). The fund reopened on January 1. It is managed by Perkins Investment Management and distributed by Janus.

JNPSX is a defensive small-cap value fund that seeks to provide attractive returns over a full market cycle by mitigating losses in down markets while participating in up markets. The managers responsible for the strategy are Robert Perkins, Tom Reynolds, and Justin Tugman.

2) Schwab Expands ETF OneSource

Charles Schwab (SCHW) has announced that it is expanding its ETF OneSource with the addition of 18 ETFs as of Feb. 1. That will bring the total of commission-free ETFs available through the program to 198. Schwab does not have any enrollment requirements or charge early redemption fees for the ETFs in the program.

The ETFs being added are: Direxion iBillionaire Index ETF (IBLN); PowerShares DWA Developed Markets Momentum Portfolio (PIZ); PowerShares DWA Emerging Markets Momentum Portfolio (PIE); PowerShares DWA Momentum Portfolio (PDP); PowerShares DWA SmallCap Momentum Portfolio (DWAS); PowerShares FTSE RAFI Asia Pacific ex-Japan Portfolio (PAF); ProShares Investment Grade—Interest Rate Hedged (IGHG); ProShares Morningstar Alternatives Solution ETF (ALTS); SPDR BofA Merrill Lynch Crossover Corporate Bond ETF (XOVR); SPDR MSCI Mexico Quality Mix ETF (QMEX); SPDR MSCI South Korea Quality Mix ETF (QKOR); SPDR MSCI Taiwan Quality Mix (QTWN); SPDR Russell Small Cap Completeness ETF (RSCO); SPDR MSCI ACWI Low Carbon Target ETF (LOWC); WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund (AGZD); WisdomTree BofA Merrill Lynch High Yield Bond Zero Duration Fund (HYZD); WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU); and WisdomTree Global ex-U.S. Dividend Growth Fund (DNL).

3) Fortunatus Launches Small-Cap Mutual Fund

Fortunatus Investments has announced the launch of the Fortunatus Protactical New Opportunity Fund (FPOAX).

The fund tracks the Fortunatus Protactical Global Small Cap Index, a custom index based on the company’s proprietary trend signals. Market segments considered for the fund are U.S. small-cap stocks; international developed small-cap stocks; emerging markets small-cap stocks; and defensive positions, including cash and fixed-income investments.

4) ETF Securities Adds Smart Beta Funds

ETF Securities has announced the launch of the ETFS Diversified-Factor U.S. Large Cap Index Fund (SBUS) and the ETFS Diversified-Factor Developed Europe Index Fund (SBEU).

The funds are based on Scientific Beta’s multifactor, multistrategy indexes, which select stocks based on low volatility, valuation, momentum and size and use a proprietary weighting strategy to enhance the diversification. The objective is to provide better risk-adjusted performances than other established benchmarks such as the S&P 500 and Stoxx Europe 600.

5) Columbia Management Launches Liquid Alternative Mutual Fund

Columbia Management has announced the launch of the Columbia Adaptive Alternatives Fund (CLAAX). The fund is managed by Jeffrey Knight, William Landes and Marc Khalamayzer.

CLAAX offers investors access to a Blackstone-advised multistrategy fund that leverages the skill of a number of underlying hedge fund advisers selected by Blackstone, and to alternative beta strategies and nontraditional asset classes (including commodities, REITs, inflation-linked bonds and listed private equity) managed by Columbia Management.

6) Advent Launches Next Generation of Black Diamond Platform

Advent Software, Inc. has announced the launch of the next generation of its Black Diamond wealth management platform. The release includes a revamped investor portal that can be customized for each client and delivered through a Web browser, tablet, phone or other mobile device. Communications tools help advisors connect with clients to support relationships.

Advisors can notify clients about new files added to the vault or share summary-level highlights, as well as be able to post reports, financial planning documents, market commentary and forms for clients to sign and return. Integrated data querying capabilities also enable advisors to proactively notify clients about important action items or news, such as the availability of a new 1099, a reminder to make an IRA contribution, or messages to let clients know when action is being taken to mitigate risk in cases of exposure to a particular holding.

7) Croesus Integrates with Quovo

Portfolio management and CRM provider Croesus Solutions Inc. has announced its integration with account aggregation provider Quovo.

Quovo is handling both advisors’ direct custodial feeds as well as “held-away” account data from other institutions, and will manage all aspects of the data feeds, including detailed data normalization and automated reconciliation.

Read the Jan.23 Portfolio Products Roundup at ThinkAdvisor.