The market is seeing intense volatility.

New products and changes introduced over the last week include a commodity fund from DoubleLine and an ETF from Emerging Global Advisors that offers exposure to emerging markets without the inclusion of China or Hong Kong.

Also, Aberdeen Asset Management acquired FLAG Capital Management.

Here are the latest developments of interest to advisors:

1) DoubleLine Adds Commodity Fund

Fixed-income shop DoubleLine has launched the DoubleLine Strategic Commodity Fund (DBCMX, DLCMX); its objective is to seek long-term total return through long exposures to one or more indexes of commodities, and through long and short positions on individual commodities.

The fund family, which is led by Jeffrey Gundlach, expects the new portfolio to gain these exposures primarily through derivatives contracts, securities or other instruments that provide a return tied to a commodities index, a basket of commodities, individual commodities or a combination thereof.

Jeffrey Sherman is the fund’s portfolio manager. He will hold a webcast Sept. 29 to discuss the fund’s objective and investment strategies.

2) EGA Adds ETF

EGA has launched the EGShares EM Core ex-China ETF (XCEM), which provides broad exposure to emerging markets excluding China and Hong Kong, allowing investors to preserve or supplement emerging market portfolios without increasing their exposure to China.

XCEM tracks the EGAI Emerging Markets ex-China Index. The index is free-floating, market cap-weighted and ranked in line with broad-based, market cap-weighted conventional indexes. It provides exposure to 20 countries, including South Korea, Taiwan, Brazil, India and South Africa.

3) Aberdeen Acquires FLAG

Aberdeen Asset Management PLC has completed its acquisition of FLAG Capital Management, a private markets manager with offices in Stamford, Conn., Boston and Hong Kong. Since inception, FLAG has raised over $7 billion of discretionary commitments from its broad client base. FLAG’s investments are focused on venture capital, small- to mid-cap private equity, and real assets in the US, as well as private equity in Asia.

Aberdeen has also announced that it had entered into an agreement to acquire Arden Asset Management (Arden), a specialist hedge fund manager and adviser with offices in New York and London. Arden’s clients span corporate and state pension plans, sovereign wealth funds, global bank platforms and retail investors. The acquisition is expected to close by the end of 2015. Following the completion of the Arden transaction, Aberdeen’s alternatives division, under Andrew McCaffery, global head of alternatives, will have $30 billion of assets under management.

Read the Aug. 28 Portfolio Products Roundup at ThinkAdvisor.