New products and changes introduced over the last week include two ETFs from Global X; a wealth management cloud platform from Advisor Software; and a B2C service from EF Hutton.
Also, New York Life announced a fixed deferred annuity while New York Life Retirement Plan Services added an enhancement to its mobile app; PDQ ATS became available as an order routing destination on Instinet’s Newport 3 platform; and the Global Industry Classification Standard (GICS) will add real estate as a separate headline sector in 2016.
Here are the latest developments of interest to advisors:
1) Global X Funds Adds Two ETFs
Global X Funds has announced the launch of the Global X SuperDividend Emerging Markets ETF (SDEM) and the Global X SuperDividend REIT ETF (SRET). The funds are designed to include more focused exposure to high-dividend payers by specific geography and asset class type.
SDEM provides exposure to 50 of the highest dividend-paying equities in the emerging markets. Eligible countries include Brazil, Chile, China, Colombia, CzechRepublic, Egypt, Greece, Hungary, India, Indonesia, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Russia, South Africa, Thailand, Turkey, and United Arab Emirates. To qualify as a holding, dividends must have been paid consistently in each of the last two years.
SRET, based on the Solactive Global SuperDividend REIT Index, also a recent launch, will access 30 of the highest-dividend-yielding REITs in the world with features to reduce volatility. The index screens for the 60 highest-yielding REITs, but then selects the 30 that demonstrated the lowest recent volatility.
2) Advisor Software Launches Wealth Management Cloud Platform
Advisor Software, Inc. has announced the launch of its wealth management cloud, a scalable and integrated suite of services.
Among the customizable solutions the platform offers are goal-based financial and investment planning; portfolio management, analysis and rebalancing; digital financial advice; and more.
3) EF Hutton Launches B2C Service
EF Hutton Financial Corp. has announced the launch of GATEWAY, a business-to-consumer Internet service that puts consumers in touch with independent financial professionals across a range of financial service lines.