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Top Portfolio Products: Global X, Nuveen Add ETFs; Financial Engines Expands Services

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New products and changes introduced over the last week include three technology ETFs from Global X Funds; a bond ETF from Nuveen; and Financial Engines expanded its services;

Also, Cavalier Investments named interim subadvisors for its suite of mutual funds; BMO Global Asset Management launched a podcast series; and Gemini Alt and IASG Alternatives announced a technology integration.

Here are the latest developments of interest to advisors:

1) Global X Launches 3 Tech ETFs

Global X Funds launched the Global X FinTech Thematic ETF (FINX), the Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ) and the Global X Internet of Things Thematic ETF (SNSR). Each has an expense ratio of 0.68%.

FINX invests in companies on the leading edge of the emerging financial technology industry, which encompasses a range of innovations helping to transform established businesses like insurance, investing, fundraising and third-party lending through mobile and digital solutions.

BOTZ provides exposure to stocks involved in the adoption and utilization of robotics and artificial intelligence (AI), including those involved with industrial manufacturing, medicine, autonomous vehicles, and other applications.

SNSR offers exposure to companies that stand to potentially benefit from the broader adoption of the Internet of Things. This includes the development and manufacturing of semiconductors and sensors, integrated products and solutions, and applications serving smart grids, smart homes, connected cars, and the industrial Internet.

2) Nuveen Adds Bond ETF

Nuveen launched the NuShares Enhanced Yield U.S. Aggregate Bond ETF (NUAG), which seeks enhanced yield relative to the broad investment-grade fixed income market with comparable risk and credit quality.

NUAG tracks the investment results, before fees and expenses, of the BofA Merrill Lynch Enhanced Yield US Broad Bond Index, a rules-based index designed to enhance income potential while maintaining risk and credit quality at levels similar to that of the BofA Merrill Lynch US Broad Market Index. It has a net expense ratio of 0.20%.

3) Financial Engines Expands Services

Financial Engines has expanded its services, adding local Financial Engines advisors across the country, launching a new brand identity on its redesigned website and rebranding the more than 120 Mutual Fund Store locations as Financial Engines Advisor Centers.

(Related on ThinkAdvisor: America’s Biggest 401(k) Advisor Has a Plan to Manage All of Your Money)

Financial Engines acquired The Mutual Fund Store earlier in the year.

(Related on ThinkAdvisor: Financial Engines to Acquire The Mutual Fund Store for $560M)

The newly expanded services offer personalized financial planning to help clients with their entire financial portfolio, including 401(k), IRA and taxable assets.

4) Cavalier Investments Names Subadvisors

The investment committee of Cavalier Investments, a fund of funds, designated nine firms as interim subadvisors for its suite of funds, which could become permanent  subadvisors after a proxy vote of shareholders expected within 90 days.

The subadvisors are Beaumont Capital Management, Bluestone Capital Management, Carden Capital, Efficient Market Advisors, Julex Capital Management, Navellier & Associates, Parasol Investment Management, StratiFi and Validus Growth Investors. In the role of subadvisors, the firms will provide active management to Cavalier Investments determining each fund’s allocation positions.

5) BMO Global Asset Management Launches Podcast Series

BMO Global Asset Management launched a podcast series titled “Better Conversations, Better Outcomes.” The 33-episode series, which will conclude in the first quarter of 2017, provides actionable ideas to expand advisors’ businesses and tools to improve the quality of their conversations with clients.

Episodes 15–30 minutes in length cover topics ranging from retirement, use of alternative investments and fixed income to niche subjects such as living to 100, women and wealth, tax loss harvesting and more.

6) Gemini Alt and IASG Alternatives Announce Technology Integration

Gemini Alternative Funds, LLC has completed a technology integration with IASG Alternatives LLC.

As part of a strategic relationship, prospective Gemini Alt investors will have access to the IASG Alternatives managed futures database without leaving Gemini Alt’s Galaxy Plus managed account portal. IASG’s database will allow Gemini investors to combine investment choices, adjust notional funding levels, and view correlations between advisors.

Read the September 12 Portfolio Products Roundup at ThinkAdvisor.