New products and changes introduced over the last week include the launch of a new investment firm by a former porfolio manager of the high-performing First Eagle Global Fund (SGENX), an Asian credit fund from Matthews Asia and a tactical asset allocation fund from VanEck and Ned Davis Research.
In addition Guggenheim Investments launched an optimized volatility ETF; IndexIQ introduced pair of fixed-income ETFs using a momentum approach; the National Association of Personal Financial Advisors allied with GuideVine on a digital marketing platform for advisors; and Alap and Naman Shah launched equity research platform Sentieo.
Here are the latest developments of interest to advisors:
1) Deshpande Launches Centerstone Investors LLC
Abhay Deshpande, a former portfolio manager at the five star Morningstar-rated First Eagle Global Fund, has started his own firm, Centerstone Investors LLC in New York. The asset management firm will initially offer two value-oriented strategies to retail and institutional investors.
The two risk-managed strategies are available in mutual fund and institutional separate account vehicles. They are the Centerstone Global Multiasset Strategy and Centerstone Investors Fund (CENTX), focused on investing in both U.S. domestic and foreign assets, and the Centerstone International Strategy and Centerstone International Fund (CINTX) focused on securities outside the U.S.
2) Matthews Asia Launches Credit Opportunities Fund
Matthews Asia launched the Matthews Asia Credit Opportunities Fund (MCRDX, MICPX), which is co-managed by Teresa Kong and Satya Patel, and seeks total return over the long term. It invests primarily in U.S. dollar-denominated high-yield bonds of Asian issuers.
3) VanEck, Ned Davis Research Launch Tactical Allocation Fund
VanEck and Ned Davis Research have teamed up to introduce the VanEck NDR Managed Allocation Fund (NDRMX), which has the flexibility to freely allocate among securities and cash.
NDRMX is an open-end mutual fund that seeks capital appreciation by allocating primarily to exchange-traded products (ETPs) that invest in domestic and foreign equities and U.S. debt securities and cash and cash equivalents.
4) Guggenheim Adds Optimized Volatility ETF
Guggenheim Investments launched the Guggenheim U.S. Large Cap Optimized Volatility ETF (OVLC) which tracks the Guggenheim U.S. Large Cap Optimized Volatility Index.
OVLC seeks to capture the benefits of low-volatility investing and adjust volatility exposure as market rallies dictate, with the potential to provide higher returns across a complete cycle.