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Top Portfolio Products: Funds Target the Environment, Bitcoin and Dividends

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New products and changes introduced over the last week include an environmental opportunities fund from Hartford Funds, two funds from Vanguard, a Bitcoin mining fund from Genesis Mining and a “defined outcome” fund from Jefferson National and Exceed Investments 

Also, Diamond Hill Capital Management launched one strategy and renamed another; DealVector and the Association of Institutional INVESTORS launched an investor-led initiative; and Tutton Insurance Services joined Pensionmark Financial Group.

Here are the latest developments of interest to advisors:

1) Hartford Funds Launches Environmental Opportunities Fund

Hartford Funds launched the Hartford Environmental Opportunities Fund (HEOMX), which invests in companies promoting environmental sustainability. The fund is subadvised by Wellington Management, whose global industry analysts Alan Hsu and Tom Levering will serve as portfolio managers.

HEOMX seeks long-term capital appreciation by investing in companies focus on low-carbon electricity, energy efficiency, low-carbon transportation and/or water and resource management.

2) Genesis Mining Launches Bitcoin Mining Fund

Bitcoin cloud mining provider Genesis Mining has filed with the SEC to launch the Logos Fund, a Bitcoin mining fund that will cater exclusively to high-net-worth individuals, investment funds and accredited investors looking to take part in the Bitcoin ecosystem.

The fund is aimed at investors who would rather not purchase and manage their own hardware to mine bitcoin.

3) Vanguard Adds Two Funds

Vanguard introduced two dividend-oriented international equity index funds: the Vanguard International High Dividend Yield Index Fund (VYMI) and the Vanguard International Dividend Appreciation Index Fund (VIGI). Both offer three share classes: investor, admiral and ETF.

The International High Dividend Yield Index Fund follows an income-investing strategy and tracks the FTSE All-World ex US High Dividend Yield Index, a benchmark of more than 800 of the highest yielding large- and mid-cap developed and emerging markets securities.

The Vanguard International Dividend Appreciation Index Fund emphasizes stocks with dividend growth and tracks the Nasdaq International Dividend Achievers Select Index. The index is comprised of more than 200 all-cap developed and emerging markets stocks with a track record of increasing annual dividends.

4) Jefferson National, Exceed Investments Add “Defined Outcome” Fund

Jefferson National launched the JNF Exceed Defined Shield Index Portfolio, which will be managed by Exceed Investments LLC. The fund aims to provide controlled market exposure with a preset defined level of downside protection, and it’s available within a tax-deferred wrapper.

The JNF Exceed Defined Shield Index Portfolio is offered exclusively through Jefferson National’s Monument Advisor, a flat-fee investment-only variable annuity. The retail version of the fund is offered on a number of platforms including Charles Schwab, Fidelity, TD Ameritrade and Pershing.

5) Diamond Hill Capital Management Adds, Renames Strategies

Diamond Hill Capital Management launched the Diamond Hill High Yield Strategy and renamed the Diamond Hill Strategic Income strategy, now called the Diamond Hill Corporate Credit strategy.

The High Yield strategy invests primarily in below-investment-grade (high-yield) corporate bonds, aiming for high current income with the opportunity for capital appreciation. The Diamond Hill High Yield Fund (DHHAX) is currently available through Pershing, Schwab and NFS, and is expected to become available on additional platforms.

The Diamond Hill Corporate Credit strategy invests at least 80% of its net assets in investment-grade or below-investment-grade corporate bonds. The objective is high current income, preservation of capital and total return over a five-year horizon. There are no changes to the mutual fund tickers (DSIAX) or CUSIPs.

6) DealVector, Association of Institutional INVESTORS Launch RMBS Initiative

DealVector and the Association of Institutional INVESTORS launched an investor-led initiative designed to ultimately link all institutional investors in the $100 trillion fixed income markets through DealVector’s online communication platform.

Association of Institutional INVESTORS member firms have agreed to list their residential mortgage-backed securities (RMBS) bonds on DealVector’s encrypted asset registr, and use the secure electronic platform for market surveillance and communications. This will enable investors to connect with each other on an asset-by-asset basis using DealVector’s anonymized messaging service. Although the initial focus is RMBS the initiative will expand to all fixed-income asset classes.

7) Tutton Insurance Services Joins Pensionmark

Tutton Insurance Services, which provides financial and insurance services throughout the southern California region, has joined Pensionmark Financial Group.

The partnership provides Tutton Insurance with an expanded suite of services, including Pensionmark’s SmartLifecycle TDFs, financial wellness program, investment analytic tools and proposal systems. Along with the expanded services, Tutton Insurance Services will maintain its independent business model.

— Check out Top Portfolio Products: New Low-Carbon Indexes and Enhanced Beta ETFs on ThinkAdvisor.


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