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November 06, 2017 at 03:32 AM
Cambria Investments, the firm co-founded by Meb Faber, has partnered with TD Ameritrade to offer a nearly zero-cost turnkey asset management program alternative through its Trinity Portfolios on TD’s Institutional Model Market Center.
The Market Center, which launched in February, is a new service that allows advisors to personalize client portfolios without the day-to-day operation burden of having to build their own models, instead giving them access to established models from well-known asset management firms.
The marketplace offers access to these models at no fee. On top of that, Cambria’s quantitative, rules-based Trinity portfolios have no management fee.
Cambria offers six unique Trinity Portfolios, which ranging from most conservative (Trinity 1) to most aggressive (Trinity 6).
Exponential Launches Reverse Cap Weighted U.S. ETF
Exponential ETFs launched the Reverse Cap Weighted U.S. ETF (RVRS), which offers exposure to the S&P 500 stocks weighted by the inverse of their relative market capitalization.
The strategy brings the weighted average market capitalization of the index down from $162 billion to $16 billion, while using the exact same stocks.
RVRS – a rules-based, passive fund – tracks the Reverse Cap Weighted U.S. Large Cap Index comprising all 500 publicly traded companies in the S&P 500.
The ETF has an expense ratio of 0.29% and trades on the Chicago Board Options Exchange.
S&P Dow Jones Indices Debuts Carbon Metrics
S&P Dow Jones Indices is now publishing carbon metrics on the majority of its equity indexes, including the S&P Global 1200, S&P 500, Dow Jones industrial average and environmentally focused indexes including the S&P Global 1200 Carbon Efficient Index Family and the S&P Global 1200 Fossil Fuel Free Index Family.
S&P DJI is the first index provider to publicly display carbon metrics as standard alongside financial data on its indexes on a monthly basis. The initiative is intended to help market participants understand, measure and manage carbon risk.
There are three metrics currently available for the indexes, using Trucost data and analysis: carbon footprint, which is the metric tons of CO2e (carbon dioxide equivalent) per $1 million invested against the index; carbon efficiency, which is the metric tons of CO2e per $1 million of a company’s revenues against the index; and fossil fuel reserves, which is the greenhouse gas emissions that could be generated if the proven and probable fossil fuel reserves owned by constituents were burned, per $1 million invested.
Deutsche Asset Management Lowers Expense Ratio for HYLB
Deutsche Asset Management announced the following voluntary reduction, for a period of at least one year, of the net expense ratio for the Xtrackers USD High Yield Corporate Bond exchange-traded fund (HYLB).
