New products and changes introduced over the last week include a bond fund from Vanguard and two ETFs from WisdomTree. Also, Manning & Napier announced the upcoming acquisition of Rainier Investment Management and New Direction IRA launched its newly designed website.
Here are the latest developments of interest to advisors:
1) Vanguard to Launch Bond Fund
Vanguard has filed a registration statement with the Securities and Exchange Commission for the Vanguard Core Bond Fund, an actively managed low-cost offering in the core bond fund category.
Expected to be available in the first quarter of 2016, the fund will be managed by the Vanguard Fixed Income Group and seek to outperform the broad investment-grade U.S. fixed-income market. It will invest in a broadly diversified portfolio of high-quality bonds, including Treasury, mortgage-backed and corporate securities of varying yields and maturities.
2) WisdomTree Adds ETFs
DYLS and DYB are designed to generate alpha through quantitative and fundamental stock selection, while they also have ability to hedge market risk dynamically.
3) Manning & Napier to Acquire Rainier Investment Management