New products and changes introduced over the last week include two funds from RS Investments; an ETF from ArrowShares; a long/short fund from Collins Capital; three ETFs from Deutsche Asset & Wealth Management; and the addition of Zions Bancorporation’s wealth management programs to LPL Financial’s institutional services platform.
Also, City of London Investment Management announced an ESG initiative with Sustainalytics aimed at closed-end funds; FinaMetric announced a collaboration with MacroRisk Analytics; RCM Alternatives announced that it will be combining with Attain Capital Management; W&S Financial Group Distributors, Inc. announced the launch of a variable annuity rider; and E-Valuator introduced a Web-based software solution.
Here are the latest developments of interest to advisors:
1) RS Investments Launches Two Funds
RS Investments announced the launch of two long/short alternative mutual funds: the RS Focused Opportunity Fund (RSFOX) and the RS Focused Growth Opportunity Fund (RSFGX). Rick Brandt will oversee the funds as long/short portfolio manager.
RSFOX looks to invest in companies that demonstrate attractive relative valuations, strong and stable growth, increasing return on invested capital and improving market sentiment.
RSFGX invests in companies that produce sustainable earnings growth over a multiyear horizon and exhibit strong organic revenue growth, expanding margins and profitability, innovative products or services, defensible competitive advantages, growing market share and experienced management teams.
2) ArrowShares Adds ETF
Arrow Investment Advisors, LLC, the advisor to Arrow Funds, has announced the launch of the Arrow QVM Equity Factor ETF (QVM), part of its ArrowShares lineup.
QVM is based on the Arrow Insights Quality Value Momentum Index (AIQVM), and represents an equally-weighted portfolio of 50 stocks that simultaneously demonstrate strong quality, value and momentum characteristics.
3) Collins Capital Launches Long/Short Fund
Collins Capital has announced the launch of the Collins Long/Short Credit Fund (CLCAX). The fund is subadvised by Pinebank Asset Management, LP.
CCLIX attempts to generate absolute returns over a complete market cycle by primarily investing in a portfolio of long and short investments in credit-related securities with active management of net exposure.
4) Deutsche Asset & Wealth Management Adds Three ETFs
Deutsche Asset & Wealth Management has announced the addition of three ETFs, the Deutsche X-trackers Investment Grade Bond–Interest Rate Hedged ETF (IGIH), Deutsche X-trackers High Yield Corporate Bond–Interest Rate Hedged ETF (HYIH) and Deutsche X-trackers Emerging Markets Bond–Interest Rate Hedged ETF (EMIH).
The ETFs provide investors with exposure to U.S. dollar-denominated investment-grade, high-yield corporate and emerging markets sovereign and quasi-sovereign debt.
5) LPL Adds Zions Wealth Management Programs
LPL Financial has announced the addition of Zions Bancorporation’s wealth management programs to its institutional services platform.