New products introduced over the last week include Vanguard’s planned launch of two new international funds and ETFs; an emerging markets value stock fund from T. Rowe Price; and four ex-sector ETFs from ProShares.
Also, Reaves Asset Management launched an actively managed utilities ETF and SunGard launched five financial planning applications through the Windows Store.
Here are the latest developments of interest to advisors:
1) Vanguard to Launch International Funds & ETFs
Vanguard filed registration statements with the SEC to launch two new international index funds it expects to launch in December. The Vanguard International High Dividend Yield Index Fund will track the performance of the FTSE All-World ex US High Dividend Yield Index, a benchmark of more than 800 of the highest-yielding large- and mid-cap developed and emerging markets securities.
The Vanguard International Dividend Appreciation Index Fund will track the Nasdaq International Dividend Achievers Select Index. This benchmark is made up of more than 200 all-cap developed and emerging markets stocks with a long track record of increasing annual dividend payments.
Both funds will offer three share classes: investor, admiral and ETF.
2) T. Rowe Price Adds EM Value Stock Fund
T. Rowe Price launched the Emerging Markets Value Stock Fund (PRIJX, PAIJX), which seeks long-term growth of capital by investing in emerging market companies that are out of favor and undervalued but possess identified catalysts that could drive their stock prices higher.
The fund, which is managed by Ernest Yeung, will have a broad geographic diversification across emerging markets in Europe, Latin America, Africa, the Middle East and Asia, minus Japan. Some of the fund’s more heavily weighted markets currently include Romania, Russia, Brazil, South Africa, China, South Korea and Taiwan. Sectors are also diversified, with current weightings favoring financial, telecommunications services and consumer discretionary stocks.
3) ProShares Adds Four Ex-Sector ETFs
ProShares introduced four ETFs that offer exposure to the S&P 500 minus a particular sector. The funds allow investors to reduce or eliminate exposure to a sector they believe may underperform or is already sufficiently weighted in their portfolio.
4) Reaves Asset Management Launches Actively Managed Utilities ETF
Reaves Asset Management launched the Reaves Utilities ETF (UTES), which will invest in utilities without regard to market cap or dividend yield and seek to deliver risk-adjusted total returns.
UTES’ objective is to outperform other utility funds by focusing on distinctive opportunities presented by differing regulatory, demographic, economic and climate trends in various regions of the U.S.
5) SunGard Adds Financial Planning Apps
SunGard, in collaboration with Microsoft (MSFT), launched five financial planning applications designed to help individuals improve their ability to reach financial and retirement savings goals.
The apps, available through the Windows Store, run assessments of an investor’s position to achieve their retirement objectives, show strategies to improve retirement funding and illustrate fundamental financial planning preparedness. Wealth management and advisory firms can also use these tools to prospect or engage existing clients through multiple flexible deployment methods.