James Investment Research is expanding with the addition of its first ETF, the James Biblically Responsible Investment ETF (JBRI).
JBRI applies James’ multi-factor stock selection methodology to the growing world of biblically responsible investing.
“JBRI is designed for investors who want to show their faith in myriad aspects of their lives, including their investment portfolios,” said Matt Watson, CFA, and portfolio manager with James Investment Research.
JBRI uses the eVALUEator Biblically Responsible Index (BIBLX) as a benchmark for its investing parameters. BIBLX was created to screen stocks within the S-Network US Equity Large/Mid-Cap 1000 Index and, using eight different criteria, filter out any objectionable stocks from a biblical perspective.
JBRI is a passive strategy, created by selecting the top 100 stocks from the BIBLX Index based on a stock selection methodology, and considers a company’s valuation, profitability and price momentum. The holdings are reconstituted quarterly and then equally weighted and rebalanced to approximately 1% positions.
This ESG fund, with emphasis on “social,” focuses on mid to large cap stocks and has an expense ratio of 0.65%.
Cboe Global Markets announced James Investment Research was joining its Cboe ETF Marketplace with the launch of JBRI.
Year to date, Cboe has welcomed 126 ETFs to its U.S. market. In the third quarter of 2017, the marketplace added 23 funds. There are now 247 ETFs listed on the Cboe ETF Marketplace, from 45 different issuers.
BNY Mellon Investment Management Launches Dreyfus Global Multi-Asset Income Fund
BNY Mellon Investment Management announced the recent launch of Dreyfus Global Multi-Asset Income Fund, which began offering its shares on Nov. 30.
The fund uses an actively managed global multi-asset strategy that focuses on income generation.
The fund’s investments are allocated among equity and equity-related securities, debt and debt-related securities, and, generally to a lesser extent, real estate, commodities and infrastructure in developed and emerging markets.
The fund seeks to gain exposure to various asset classes principally through direct investments in securities, but the fund also may use derivative instruments and investments in other investment companies, including ETFs, and real estate investment trusts for such exposure.
The fund offers Class A (DRAAX), Class C (DRACX) and Class I (DRAIX) shares with a minimum initial investment of $1,000. The fund also offers Class Y (DRAYX) shares generally with a minimum initial investment of $1 million.
WisdomTree Launches 2 New ETFs
WisdomTree launched two new ETFs: the WisdomTree ICBCCS S&P China 500 Fund (WCHN) and the WisdomTree Balanced Income Fund (WBAL).
WCHN is listed on the NYSE Arca and seeks to track the price and yield performance, before fees and expenses, of the S&P China 500 Index and has a net expense ratio of 0.55%.