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Legendary Investor Jim Rogers Launches ETF: Portfolio Products

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Ocean Capital Advisors, in partnership with ETF Managers Group, launched the Rogers AI Global Macro ETF (BIKR), a global macro ETF of ETFs that will use artificial intelligence and the multi-decade expertise of Jim Rogers.

BIKR, which has total expenses of 1.18% and 39 holdings currently, seeks to provide an optimally weighted global portfolio based on macroeconomic factors by leveraging the capabilities of AI and Rogers to find, track and project leading economic indicators.

“The internet and artificial intelligence are changing and have changed everything we know including finance and investing; Ocean’s new ETF is part of the same trend,” Jim Rogers, who serves as Ocean’s Chairman, said in a statement.

BIKR’s goal is to achieve long-term capital gains with an emphasis on capital preservation while outperforming recognized global large and mid-cap equity indexes. The fund will invest primarily in global equity markets via U.S. listed single-country ETFs.

AI analyzes differential periods of volatility seeking indications of a probable shift in market direction, then calculates the magnitude and probability of this variance utilizing its strategy based upon macroeconomic analysis. The weighting decision, determined by AI, is calculated by the cost of opportunity of exiting the equity position compared to maintaining it, depending on the magnitude of the expected change.

E*TRADE Adds 46 ETFs to Commission-Free ETF Lineup, Also Adds New Risk Tools

E*TRADE Financial Corporation surpassed 250 commission-free ETFs with the addition of 46 ETFs from six providers to its commission-free ETF program.

New additions include 32 Vanguard ETFs, in addition to ETFs from Direxion, iShares, Janus Henderson, NuShares, and Reality Shares. A full list of the newly added ETFs is available here.

With these additions, E*TRADE customers can further diversify their portfolio with commission-free domestic, international, fixed income, environmentally conscious, and other specialty equity ETFs.

E*TRADE also announced a significant addition to its suite of trading tools.

The new Risk Slide tool on the OptionsHouse platform aims to make risk management simpler by arming traders with the ability to visualize potential pockets of risk and stress test their portfolio through hypothetical market conditions.

The tool also allows the ability to beta-weight to the S&P 500 Index and see P&L results, as well as view potential P&L numerically and graphically. It can also sort positions by largest or lowest risk levels, expand symbols to reveal risk details on individual positions, and group a selection of positions to understand how they may react to changing market conditions.

Swell Investing Introduces New Impact Investing Offering for Financial Advisors

Swell Investing launched “Swell for Advisors,” expanding access to Swell’s unique approach to impact investing.

Through Swell’s partnership with Folio Institutional, clients of the more than 450 firms on Folio’s institutional platform now have access to Swell’s thematic portfolios.

Swell is an impact investing platform that helps investors invest in equity portfolios that map to the UN Sustainable Development Goals. Each Swell portfolio aligns to one of the 17 UN SDGs.

In addition, each company in Swell’s portfolios derives revenue from its impact theme. Swell focuses not just on how a company conducts its business but what that business is.

Swell uses a Separately Managed Account structure, which allows deselection of companies from the Swell “mix” that don’t align with investors’ values.

Advisors on the Folio Institutional platform access Swell’s portfolios through Model Manager Exchange, a marketplace enabling licensing to hundreds of equity, mutual fund, and ETF models from third-party managers.

Reality Shares Launches China Blockchain ETF

Reality Shares launched a new ETF to give investors access to China-based companies potentially leading the blockchain technology revolution.

The Reality Shares Nasdaq NexGen Economy China ETF (Nasdaq: BCNA) tracks the Reality Shares Nasdaq Blockchain China Index, which seeks to identify and invest in Chinese companies committing material resources to develop and implement blockchain technology.

The index rebalances semiannually and is comprised of 31 constituents.

BCNA’s index components are determined by Reality Shares’ proprietary Blockchain Score methodology, which evaluates companies based on seven key factors, including: role in blockchain ecosystem, blockchain product stage, blockchain economic impact, Blockchain Institute membership, research and development expenditure, company filings and innovation.

In addition, the fund’s advisory board is stacked with six blockchain and cryptocurrency executives who are involved in the research process.

State Street Global Advisors Launches Communication Services Select Sector SPDR ETF

State Street Global Advisors launched the Communication Services Select Sector SPDR Fund (XLC).

The fund, which has an expense ratio of 13 basis points, will provide exposure to the new Communication Services sector, unveiled by S&P Dow Jones Indices and MSCI Inc., following the annual review of the Global Industry Classification Standard (GICS) structure in November 2017.

The reclassification of the GICS structure will transform the existing Telecommunications Services sector, expanding it to include selected companies from the Information Technology and Consumer Discretionary sectors. It will be renamed Communication Services effective September 21, 2018.

In addition to the fund launch of XLC, in accordance with the constituent changes under the GICS reclassification for the existing Information Technology and Consumer Discretionary sectors, State Street Global Advisors announced that it will rebalance the Technology Select Sector SPDR Fund (XLK) and the Consumer Discretionary Select Sector SPDR Fund (XLY) to reflect the underlying index changes, effective after the close on September 21, 2018.

Leading MLP & Midstream Energy Fund Reduces Fees

Cohen & Steers, Inc. announced a reduction in fees for the Cohen & Steers MLP & Energy Opportunity Fund (Class A: MLOAX, Class I: MLOIX), to take effect at the close of business on July 31.

The fund’s total annual operating expenses will be reduced by 20 basis points on all share classes via a fee waiver/expense reimbursement agreement, which extends through June 30, 2020,

As a result, expense ratios will generally not exceed 1.25% for Class A shares, 1.90% for Class C shares, 0.90% for Class I shares, 1.40% for Class R shares, 1.25% for Class T shares, and 0.90% for Class Z shares.

AssetMark Launches Enhanced PortfolioEngine Tool

AssetMark updated its AssetMark PortfolioEngine, a newly enhanced and redesigned modeling tool that enables financial advisors to dynamically create, compare and plan portfolios that are in tune with clients’ financial goals.

The expanded features of PortfolioEngine also help advisors leverage intuitive visual modeling analytics to educate and empower investors to make well-informed investment decisions.

PortfolioEngine now provides a variety of new, sophisticated features that build upon the original foundation of the tool, including Customized views, Added analytics, and Expanded goal planning.

With the new customized views, advisors can easily move, change, and compare portfolio information to create a dashboard experience that encourages constructive client conversations and educates investors on the ways in which recommended investment selections are designed to help them achieve their financial objectives.

They can robustly model clients’ unique savings or retirement goals to clearly illustrate how various investments, market scenarios, contributions, and distributions may impact their long-term goals.

HD Vest Partners with eMoney to Offer Advisors Financial Planning Platform

HD Vest Financial Services announced that the more than 4,000 independent advisors in its network will now have access to integrated financial planning software from eMoney Advisor.

With eMoney, independent advisors that have partnered with HD Vest can create holistic financial plans with eMoney for all engaged households which aggregate information about all accounts and assets, including mortgages, real estate, investments, and taxes.

HD Vest advisors can also now visually demonstrate the projected benefits of a potential trade or strategy, and compare them to the risks of the opportunity — and then work with clients to make changes to financial plans based on these presentations in real time.

eMoney software also allows advisors to communicate in real time with clients using eMoney’s interactive client portal.


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