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Portfolio > Mutual Funds > Bond Funds

Top Portfolio Products: T. Rowe Adds Bond Funds

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New products and changes introduced over the last week include two bond funds from T. Rowe Price and a sustainable impact investing trust from Hennion & Walsh.

Also, truIndependence launched an investment platform for independent RIAs and iCapital added two private fund placement agents.

Here are the latest developments of interest to advisors:

1) T. Rowe Price Adds Bond Funds

T. Rowe Price has announced the launch of two bond funds, the Global Unconstrained Bond Fund (RPIEX), managed by Arif Husain, and the Global High Income Bond Fund (RPIHX), managed by Mark Vaselkiv.

RPIEX seeks to offer some protection against rising rates with a low correlation to equity markets, and seeks to achieve this by investing at least 80% of its assets in bonds; focusing mainly on investment-grade securities, with exposure to noninvestment-grade securities; investing in a variety of debt securities; and investing at least 40% of its assets in foreign securities.

RPIHX seeks to provide high income and, secondarily, capital appreciation by investing in high-yield bonds issued by companies around the world, with about 50% of its assets invested in U.S. bonds, 30% in European bonds, and 20% in emerging market bonds.

2) Hennion & Walsh Launches Sustainable Impact Investing Trust

Hennion & Walsh has announced the launch of the SmartTrust Sustainable Impact Investing Trust, which seeks to provide investors with total return potential by investing in the stocks of companies that meet the Trust’s investment criteria including, but not limited to, environmental, social and governance factors.

The trust seeks to achieve its objective by investing in equity securities included in the S&P 1500 Index that meet criteria established by IW Financial, which scores companies according to its best-in-class methodology, ratings of 60 criteria that determine how various environmental, social and governance issues can be most effectively understood and quantified.

3) truIndependence Launches Investment Platform for RIAs

truIndependence has announced the launch of its investment platform for independent RIAs that offers both traditional and alternative investment solutions.

The platform includes flexible and customizable options that include its separately managed account (truSMA), unified managed account (truUMA) and alternative (truALTS) solutions.

4) iCapital Network Expands Placement Agent Consortium

iCapital Network announced the addition of Mercury Capital Advisors and Stanwich Advisors to its consortium of private fund placement agents.

The network provides RIAs, wealth managers, family offices and high-net-worth qualified investors access to private equity managers and their funds.

Read the Feb. 13 Portfolio Products Roundup at ThinkAdvisor.


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