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James Investment Research Launches Its First Biblically Responsible ETF: Portfolio Products

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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%.

The S&P China 500 Index is one of the only broad-based indexes offering exposure to all Chinese equity share classes, listed both in Mainland China and internationally. In addition, because the S&P China 500 Index reflects the sector composition of the total universe of Chinese companies, it has a more diversified sector exposure when compared with other China-focused indexes.

WBAL, also available on the NYSE Arca, seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Balanced Income Index and has a net expense ratio of 0.35%. The index is designed to provide a balanced exposure to global equities and fixed income and is comprised of ETFs.

The ETFs comprising the Index, which may include WisdomTree ETFs and non-WisdomTree ETFs, must trade on a U.S. stock exchange and are reconstituted and rebalanced annually to approximately 60% equity exposure and 40% fixed income exposure.

Innovator Partners With Investor’s Business Daily For New ETF

Innovator Capital Management announced the listing of the Innovator IBD ETF Leaders ETF (LDRS) on the NYSE Arca.

LDRS is an ETF of ETFs that seeks to outperform the broader equity and fixed income markets.  

It is designed to track the performance of the IBD Leaders ETF Index, before fees and expenses.

Developed and managed by Investor’s Business Daily (IBD), the index is rules-based using proprietary relative strength analysis and other objective performance ratings to select ETFs across various asset classes and geographies that are demonstrating market-leading relative strength.

The Innovator IBD Leaders ETF Index selection universe is composed of all U.S.-listed ETFs registered under the 1940 Investment Company Act, and narrowed by excluding ETFs with low trading volume, and returns below the S&P 500 Index over the previous three months.

The remaining ETFs are ranked according IBD’s relative price strength rating methodology with the highest scoring ETFs included and equally weighted within the Index. Under normal circumstances, the index will be reconstituted and rebalanced on the last trading day of each month.

New Index Offers Benchmark for Global Balanced Portfolios

New Frontier Advisors launched the New Frontier Global Balanced Index (NFGBI), which is designed to provide institutional asset managers and long-term investors with a unique benchmark to track the performance of an institutional quality global multi-asset risk-managed portfolio.

NFGBI is a 60/40 risk-targeted global balanced portfolio currently consisting of 27 well-diversified, high-quality, low-cost, tax-efficient ETFs. The index includes equity, commodity, and fixed income ETFs from iShares, SPDR, and Vanguard.

Hartford Funds Launches Municipal Bond ETF

Hartford Funds announced the listing of its fourth actively managed fixed income and 11th overall ETF, Hartford Municipal Opportunities ETF (HMOP).

HMOP offers an actively managed municipal bond strategy that invests in investment-grade and non-investment grade municipal securities across states, sectors and different parts of the yield curve. The strategy seeks to deliver current income generally exempt from federal income taxes and long-term total return. HMOP has an expense ratio of 0.35%.


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