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Merrill Lynch and Merrill Edge Launch Impact Portfolios: Portfolio Products

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Merrill Lynch and Merrill Edge launched five new portfolios incorporating environmental, social and governance (ESG) factors in response to growing demand for investments with the potential to produce positive societal outcomes without sacrificing financial returns.

Designed by the Global Wealth and Investment Management Chief Investment Office (CIO), the new CIO Core Impact Portfolios incorporate the CIO’s disciplined investment process, portfolio construction views, portfolio management and oversight routines.

They consist primarily of exchange-traded funds and require a minimum investment of $5,000. The five portfolios model investor profiles ranging from conservative to aggressive. These offerings expand upon an existing array of impact offerings on both the Merrill Lynch and Merrill Edge platforms.

The demand for ESG-integrated investment options has increased, as more investors are seeking a ‘double bottom-line’ approach to investing and a way to add an environmental or societal impact objective to a financial return,” said Chris Hyzy, chief investment officer for GWIM, in a statement.

JPMorgan Cuts Fees on Four ETFs

JPMorgan is cutting fees on some of its exchange traded funds.

The fee on the JPMorgan Diversified Return Europe Currency Hedged ETF is dropping from 49 basis points (bps) to 38bps, as is the JPMorgan Diversified Return International Currency Hedged ETF.

The fees on both the JPMorgan Diversified Return Europe Equity ETF and the JPMorgan Diversified Return International Equity ETF are being lowered from 43bps to 38bps.

Aberdeen Standard Investments Broadens U.S. Business With Addition of ETF Securities

U.S. Aberdeen Standard Investments acquired the U.S. business of ETF Securities, a specialist commodity exchange-traded product (ETP) provider.

The in-fill acquisition, for an undisclosed amount, further broadens ASI’s suite of investment capabilities with the addition of a range of commodity-based ETFs. It also provides the platform and expertise to enable ASI to grow its existing smart beta capability by launching strategies within an ETF vehicle structure.

ASI will now be able to offer investment solutions across all vehicle types, strengthening its ability to meet the evolving, bespoke needs of clients.

The specific funds being acquired are: ETFS Bloomberg All Commodity Strategy K-1 Free ETF (BCI), ETFS Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD), ETFS Bloomberg Energy Commodity Longer Dated Strategy K-1 Free ETF (BEF), ETFS Physical Swiss Gold Shares (SGOL), ETFS Physical Platinum Shares (PPLT), ETFS Physical Silver Shares (SIVR), ETFS Physical Precious Metals Basket Shares (GLTR), ETFS Physical Palladium Shares (PALL).

ETF Securities’ U.S. operations currently manage $2.8 billion as of April 26.

Broadridge Teams up With Morningstar to Offer Retirement Plan Investment Data

Broadridge Financial Solutions, Inc. and Morningstar, Inc. entered into an agreement to provide detailed retirement investment data to asset managers in an effort to further strengthen their ability to identify and prioritize advisor and consultant sales opportunities.

Broadridge’s analytics offerings for all segments of the retirement market will be enhanced with Morningstar’s RightPond retirement investment data and expertise related to product mappings, performance and risk ratings.

Broadridge’s solutions, powered by Morningstar data, enable wholesalers to identify the 10,000+ advisors that specialize in the retirement business, and they can provide more clarity into non-mutual fund assets held in large retirement plans.

Broadridge’s business intelligence and analytics capabilities help Defined Contribution Investment Only sales teams identify advisors that specialize in retirement plans and prioritize the ideal opportunities for their products. Broadridge also helps institutional asset managers identify product opportunities for large private defined contribution and defined benefit plans.

–Read last week’s portfolio product roundup here: Envestnet | PMC Launches 3 New Impact QPs: Portfolio Products


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