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Portfolio > Portfolio Construction

Top Portfolio Products: Mygale Adds European Fund

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New products and changes introduced over the last week include an event-driven UCITS fund from Mygale; the addition of a BlackRock index to Forethought Life Insurance’s Company’s fixed indexed annuity products; and BondView’s new  platform to analyze municipal bond funds and their underlying holdings.

In addition, Rocaton Investment Advisors and Penbridge Advisors announced a strategic alliance to provide pension derisking services and Guardian Life Insurance Company of America completed its acquisition of Avsis Incorporated.

Here are the latest developments of interest to advisors:

1) Mygale Adds Event-Driven UCITS Fund

Mygale launched the Mygale Event-Driven UCITS Fund, a European-focused equity strategy hosted on the MontLake UCITS platform. MontLake is an independent platform for UCITS funds that provides investors with access to a range of investment products domiciled in Dublin.

The fund is diversified across a number of strategies, including merger arbitrage, catalyst-driven investments, relative value and special situations.

2) Forethought Adds BlackRock Index to FIAs

Forethought added BlackRock’s Diversa Volatility Control Index interest crediting strategy to its fixed indexed annuity products.

The BlackRock Diversa Volatility Control Index offers a globally diversified composition of select U.S.-listed iShares ETFs that dynamically responds to trends in asset returns, which in turn provides the potential for more consistent returns than a traditional stock index. Within applicable FIAs from Forethought products, clients have the opportunity for interest crediting potential linked to the performance of the index, subject to a cap and with the downside market protection of a 0% crediting floor.

3) BondView Adds Municipal Bond Fund Analysis Platform

BondView, which provides municipal bond information and analytics, introduced a financial technology platform that analyzes municipal bond funds and their underlying bond holdings within one application.

The platform tracks more than 2,000 municipal bond funds and two million individual municipal bonds from over 50,000 issuers.

4) Rocaton, Penbridge Launch Pension Derisking Strategic Alliance

Rocaton Investment Advisors and Penbridge Advisors announced a strategic alliance to provide corporate sponsors of U.S. defined benefit (DB) pension plans with comprehensive analysis and advice for pension risk management, liability-driven investing and pension risk transfer (PRT).

Rocatonhasalsoagreed to license annuity buyout data from Penbridge, whichRocatonwill use to monitor the annuity buyout marketplace and incorporate into clients’ pension risk management initiatives, including custom derisking glide paths.

5) Guardian Completes Avsis Acquisition

Guardian completed its previously announced acquisition of government contract vision, dental and hearing provider Avsis Inc.

Avsis adds to Guardian’s government programs business as an administrator for vision, dental and hearing benefits for government and commercial programs with three million members administered under Medicaid, CHIP and Medicare Advantage programs; and 1.5 million members covered by their group vision programs. Avsis has partnerships with managed care organizations holding government contracts in 21 states.

Read the February 1 Portfolio Products Roundup at ThinkAdvisor.


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