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Portfolio > Mutual Funds

Top Portfolio Products: New Funds from Matthews, Russell & U.S. Global

By Marlene Y. Satter

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New products and changes introduced over the last week include an airline industry ETF from U.S. Global and an ESG fund from Matthews Asia. Also, Russell launched a multistrategy income fund.

Here are the latest developments of interest to advisors:

1) U.S. Global Adds Airline ETF

U.S. Global Investments has announced the launch of an airline industry ETF, U.S. Global Jets ETF (JETS), which offers global exposure to commercial airline, aircraft manufacturing and airport industries based on fundamental and liquidity factors.

JETS’s construction is intended to provide broad exposure to the universe of companies associated with the business of flying, with an 80% allocation to domestic names (the four leaders being Southwest, Delta, United and American) and a 20% allocation to international names (Japan Airlines, Air Canada, EasyJet, etc.). It a smart beta, passively managed fund designed to track the U.S. Global Jets Index. Candidates for inclusion must be members of the airlines, aircraft manufacturing, or airports and terminal service industries.

2) Matthews Asia Launches ESG Fund

Matthews Asia has announced the launch of the Matthews Asia ESG Fund (MASGX, MISFX), which will be managed by Vivek Tanneeru.

The fund seeks to generate longer-term capital appreciation by investing in companies that meet one or more of its environmental, social and governance (ESG) standards.

3) Russell Adds Multi-Strategy Fund

Russell Investments has announced the launch of the Russell Multi-Strategy Income Fund (RMYSX), which seeks to maximize current yield while retaining the potential for capital appreciation to support sustainable income in the future.

RMYSX will principally invest in a broad range of income-producing equity, real asset and fixed-income securities. It uses a multi-asset, multi-manager approach.

Read the May 4 Portfolio Products Roundup at ThinkAdvisor.

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