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November 16, 2015 at 06:11 AM
New products and changes introduced over the last week include a global ETF from Wisdom Tree, an international ETF from AlphaClone, an Asian ETF from SPARX Group and two new tools from Schwab.
Also, Stifel is acquiring Eaton Partners, MassMutual added a variable annuity, Ascent Private Capital Management formed a partnership with Motif Investin and SS&C launched a beta version of Black Diamond aggregation.
Here are the latest developments of interest to advisors:
1) WisdomTree Launches Global Fund
WisdomTree launched the WisdomTree Global SmallCap Dividend Fund (GSD).
The fund provides exposure to dividend-paying small-cap companies in the U.S., developed and emerging markets.
2) AlphaClone Adds International ETF
AlphaClone, Inc. introduced the AlphaClone International ETF (ALFI), which tracks the AlphaClone International Downside Hedged Index.
The index uses AlphaClone’s proprietary clone score methodology to continuously score managers based on the efficacy of following their disclosures, then aggregates at least 40 high-conviction American Depository Receipt (ADR) holdings from managers with the highest score. Holdings are weighted based on the number of holders and are adjusted and weighted quarterly at predefined intervals. The index also can vary from long-only to market-hedged when the S&P 500 closes below its 200-day simple moving average at any month’s end.
3) SPARX Group Adds UCITS Fund
Hong Kong-based SPARX Asia Investment Advisors Limited, a subsidiary of the SPARX Group, launched, together with ML Capital, the SPARX OneAsia Long Short UCITS Fund, a Pan-Asia market neutral strategy hosted on the MontLake UCITS platform.
The OneAsia investment and research team is led by Hak Kim.
4) Schwab Adds Gateway Data Delivery, Recruitment Playbook
Schwab introduced Schwab OpenView Gateway, which provides actionable Schwab custody account data in Salentica CRM, and the “RIA Talent Advantage Recruitment Playbook,” a recruitment resource from Schwab Advisor Services.
Gateway data delivery allows advisors and their staff the ability to make custody account information such as account alerts, balances and positions available and actionable within Salentica CRM. Independent registered investment advisors (RIAs) can use the data to trigger CRM automation events such as CRM workflows and view important account information like cash available within a CRM dashboard.
The playbook includes tools, tips and examples to help advisors through the four key phases of the recruitment process: getting started, sourcing and screening, interviewing and selecting and onboarding and retention.
