New products and changes introduced over the last week include a series of indexes from ArthVeda Capital and ETFs from Guggenheim Investments and State Street Global Advisors. Also, Vanare|Nest Egg launched an account opening product and Context Jensen Partners, a new firm covering the alternative asset management space, was formed.
Here are the latest developments of interest to advisors:
1) ArthVeda Capital Adds Indexes
ArthVeda Capital launched its Smart Alpha framework composed of Smart Alpha, Smart Value and Smart Income indexes.
The new indexes are the ArthVeda Smart Alpha US Total-cap 50 (AUTXA), in the smart alpha series; the ArthVeda Smart Value US Large-cap 500 (AULVV), ArthVeda Smart Value UK Large-cap 100 (ABLVV), ArthVeda Smart Value Europe Ex-UK Large-Cap (AKLVV) and ArthVeda Smart Value Japan Large-Cap (AJLVV) in the smart value series. There are also new indexes in the smart income series: ArthVeda Smart Income US Total-cap 50 Divine Dividend (AUTDI), ArthVeda Smart Income International Large-cap 50 Divine Dividend (AXLDI) and ArthVeda Smart Income Global Large-cap 50 Divine Dividend (AGLDI).
2) Guggenheim Adds ETF
Guggenheim Investments launched the Guggenheim Dow Jones Industrial Average Dividend ETF (DJD) which tracks the DJIA Yield Weighted Index. The methodology weights all securities of the DJIA by their 12-month dividend yield. Only those companies with a track record of consistent dividend payments over the previous 12 months are eligible for inclusion.
3) State Street Global Advisors Launches ETF
State Street Global Advisors added the SPDR S&P North American Natural Resources ETF (NANR), which seeks to track the S&P BMI North American Natural Resources Index, a subset of the S&P Global Large MidCap Commodity and Natural Resources Index. NANR provides investors with an approach that weights subsectors of the portfolio as follows: 45% energy, 35% materials and 20% agriculture stocks.