New products and changes introduced over the last week include a European ETF from ProShares, an actively managed multifactor ETF from Cambria ETF Trust and two mutual funds from Schroders.
Also, GIP announced plans to issue a green bond and Tideline, a consulting firm focused on investment strategies and solutions, debuted. There were also new products from Securian and software enhancements from Jefferson National and Envestnet.
Here are the latest developments of interest to advisors:
1) ProShares Launches European ETF
ProShares introduced the ProShares MSCI Europe Dividend Growers ETF (EUDV), which is focused on European companies that have consistently grown their dividends year over year.
EUDV tracks the MSCI Europe Dividend Masters Index which targets companies that are currently included in the MSCI Europe index and have increased dividends every year for at least 10 consecutive years. The index contains a minimum of 25 stocks, which are equally weighted.
2) Cambria Adds Actively Managed ETF
Cambria ETF Trust and its investment manager Cambria Investment Management launched the Cambria Value and Momentum ETF (VAMO).
VAMO is an actively managed ETF with multifactor and hedging capabilities. It invests in 100 stocks with market caps greater than $200 million that rank among the highest in value and momentum factors. It has the ability to hedge up to 100% of the portfolio based on top-down assessment of stock valuations and market trends.
3) Schroders Adds Two Funds
Schroder Investment Management North America Inc., a subsidiary of Schroders plc, has launched two mutual funds, the Schroder Emerging Markets Small Cap Fund (SMLNX) and Schroder Short Duration Bond Fund (SDBNX). Retirement plan R6 shares are SMLRX and SDBRX, respectively.
SMLNX, managed by Allan Conway, Matthew Dobbs, James Gotto and Richard Sennitt, provide access to growth prospects outside developed markets. SDBNX, managed by Andrew Chorlton, Edward Jewett, Richard Rezek Jr., Julio Bonilla and Neil Sutherland, allocates resources across shorter maturities.
4) GIP to Issue Green Bond
GIP, an independent infrastructure fund that invests worldwide in infrastructure assets and business in OECD developed countries and select emerging market countries, has announced that it will issue a nonrecourse, investment grade-certified green bond in connection with its acquisition of a 50% stake in the Gode Wind 1 offshore wind farm project (Gode Wind 1) from Danish integrated energy company DONG Energy.
The bond will be issued to a consortium of leading German insurance companies. The transaction is subject to approval by competition authorities and is expected to be completed in September.
5) Impact Investing Firm Tideline Opens