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Portfolio > Mutual Funds

Top Portfolio Products: New Retirement Products, Tools and Mutual Funds

By Marlene Y. Satter

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New products and changes introduced over the last week include a series of retirement funds from T. Rowe Price, an employee benefits exchange from MassMutual and a cloud-based retirement platform from RetireUp in partnership with Riskalyze.

In addition there are new ETFs from State Street Global Advisors and new funds from Context Asset Management and Hanlon Investment Management.

Here are the latest developments of interest to advisors:

1) T. Rowe Price Adds Retirement Fund Series

T. Rowe Price introduced Retirement I Funds, its second series of target-date funds for retirement plans and other institutional investors.

The 13 Retirement I Funds have identical investment strategies as the firm’s flagship Retirement Fund series but lower shareholder servicing costs. The funds’ glide paths, underlying funds and targeted asset allocation are the same.

2) MassMutual Introduces Integrated Employee Benefits Exchange

Massachusetts Mutual Life Insurance Company introduced BeneClick!, an integrated exchange with a guidance tool that helps employees prioritize retirement savings, healthcare and insurance protection benefits based on their stage in life.

The exchange, powered by Maxwell Health, integrates MassMutual’s MapMyBenefits tool, which helps employees prioritize benefit choices, with retirement readiness, healthcare coverage and emergency planning.

3) RetireUp Integrates with Riskalyze

Cloud-based retirement scenario platform RetireUp has integrated with risk alignment platform Riskalyze to allow financial advisors to construct risk-tailored portfolios that are aligned with client retirement goals.

Retirement income models that already illustrate risks experienced in retirement such as market sequence risk, inflation and premature death, can now also demonstrate risk associated with a client’s own portfolios that have been tailored to their risk preferences.

4) State Street Global Advisors Adds ETFs

State Street Global Advisors added two SPDR exchange-traded funds: the Financial Services Select Sector SPDR Fund (XLFS) and the Real Estate Select Sector SPDR Fund (XLRE).

XLFS tracks the Financial Services Select Sector Index, which includes companies from the following industries: diversified financial services, insurance, banking, capital markets and consumer finance as well as thrifts and mortgage real estate investment trusts (REITs). XLRE tracks the Real Estate Select Sector Index, which includes real estate management and development companies and REITs, with the exception of mortgage REITs.

5) Context Launches Macro-Focused Fund

Context Asset Management launched the Context Macro Opportunities Fund (CMOFX, investor shares; CMOAX, advisory shares; CMOTX, institutional shares).

The fund seeks total returns with low correlation to the broad financial markets by using hedge fund strategies such as break-even inflation trading, hedged mortgage-backed securities trading, capital structure arbitrage, volatility spread trading and opportunistic investing. It may invest in a broad range of debt securities and derivative instruments from issuers in the U.S. and other countries, including emerging markets, as well as stocks and equity-linked derivatives. The fund has the flexibility to hold long and short positions across all of its asset classes and to invest in securities of all issuers regardless of market capitalization or industry.

6) Hanlon Adds Two Funds

Hanlon Investment Management launched the Hanlon Managed Income Fund (HANAX, HANCX, HANIX, and HANRX) and the Hanlon Tactical Dividend and Momentum Fund (HTDAX, HTDCX, HTDIX, HTDRX).

HANAX seeks to provide current income, capital preservation and positive risk-adjusted returns, while HTDAX seeks to provide capital appreciation and current income.

Read the October 2 Portfolio Products Roundup at ThinkAdvisor.

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