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April 19, 2015 at 10:58 PM
New products and changes introduced over the last week include a fund from Exceed Investments; a SPDR ETF from SSGA; and an advisor proposal generator from AdvisoryWorld.
Also, New York Life Investment Management completed its acquisition of IndexIQ; North Capital Private Securities partnered with OneVest; and Matthews Asia announced plans to reopen the Matthews Asia Dividend Fund.
Here are the latest developments of interest to advisors:
1) SSGA Adds SPDR ETF
State Street Global Advisors (SSGA) has announced the launch of the SPDR MSCI Quality Mix USA ETF (QUS), which provides broad U.S. equity exposure in a portfolio weighted toward attributes that have historically delivered an attractive long-term risk-return profile.
QUS seeks to track the performance of the MSCI USA Quality Mix A-Series Index. The index is an equal-weighted combination of the MSCI USA Value Weighted, MSCI USA Minimum Volatility and MSCI USA Quality Indexes in a single multi-factor index to represent the performance of quality, value and low-volatility strategies. As of February 27, the index was comprised of 631 large and mid-cap companies across the U.S. markets.
2) Exceed Investments Launches Fund
Exceed Investments has announced the launch of the Exceed Structured Shield Index Strategy Fund (SHIEX, SHIIX), which seeks specific levels of protection and participation with the aim of achieving a conservative exposure to the S&P 500.
The fund tracks the Nasdaq Exceed Structured Protection Index (EXPROT), a large-cap-based index targeting an annual 87.5% protection against downward moves (seeking to limit losses to 12.5%) and upside participation of up to roughly 15%.
3) AdvisoryWorld Launches Advisor Proposal Generator
AdvisoryWorld has announced the release of its advisor proposal generator application, which creates risk profiles for financial advisors’ current and prospective clients, aids in construction of risk-adjusted model portfolios, builds proposals and investment policy statements for financial advisors’ clients and prospects, and allows for straight-through-processing to new account creation.
