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Portfolio > Portfolio Construction

Top Portfolio Products: A Whiskey and Spirits ETF; Target Date App for DC Plans

By Marlene Y. Satter

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New products and changes introduced over the last week include a whiskey and spirits ETF from ETF Managers Group and Spirited Funds and a target-date application for direct contribution retirement plans.

Here are the latest developments of interest to advisors:

1) Whiskey and Spirits ETF Launches

ETF Managers Group and Spirited Funds, LLC launched the Spirited Funds/ETFMG Whiskey and Spirits ETF (WSKY), which invests primarily in companies that derive the majority of their revenue from producing and marketing whiskey and spirits as well as a small number of companies receiving some revenue from the industry. Top holdings of the fund include Brown-Forman (BF-B), Diageo (DEO), and Constellation Brands (STZ),  all listed in the U.S., as well as spirit makers from England, France, Italy, India,  Japan and South Korea. The fund has an expense ratio of 0.75%. 

ETF Managers Group is also the firm behind the restaurant ETF (BITE).  

2) MPI Launches TDF Application for DC Plans

Fintech company Markov Processes International launched MPI Target-Date Radar, a software application for investment professionals advising defined contribution plans. The interactive search-and-selection tool is designed for fiduciaries seeking to match DC plan demographics, behaviors and preferences with appropriate TDF families.

The application is integrated with MPI’s Stylus Web platform, creating a DC analysis and reporting kit.

3) LifeYield Enhances Social Security Advantage

Software company LifeYield enhanced its Social Security Advantage solution, adding benefit delay and benefit replacement features.

(Related on ThinkAdvisor: For Pre-Retirees Delaying Social Security Benefits, New Tools May Help Fill Income)

LifeYield now helps determine how to supplement income when the optimal strategy calls for delaying filing for benefits and, in the case of a married couple, determining the best way to replace benefits lost after the death of a first spouse.

Read the October 10 Portfolio Products Roundup at ThinkAdvisor.

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