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
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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