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American Century, Janus Henderson, Oppenheimer Launch ETFs: Portfolio Products

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American Century Investments announced the further buildout of its suite of exchange traded funds.

American Century Quality Diversified International ETF (QINT), American Century STOXX U.S. Quality Growth ETF (QGRO) and American Century Diversified Municipal Bond ETF (TAXF) are now available to clients and investors and  listed on the NYSE ARCA. 

“We are building a lineup of ETFs that apply our unique insights to solve common investment problems and help investors achieve their goals,” said Edward Rosenberg, senior vice president and head of ETFs for American Century Investments, in a statement.

American Century Quality Diversified International ETF, which has an expense ratio of 0.39%, is a foreign large blend fund that seeks to enhance core international exposure. It uses a rules-based approach that analyzes each stock’s quality, growth and value characteristics to select individual securities and dynamically adjusts exposures to take advantage of prevailing market conditions.

American Century STOXX U.S. Quality Growth ETF, with an expense ratio of 0.29%, is a large-cap growth fund for that seeks to enhance the core growth component of investor portfolios. It, too, uses a rules-based approach to identify stocks for quality and growth. It distinguishes between stable growth and pure growth companies, dynamically allocating to each category and adjusting sector exposures, depending on market conditions.

American Century Diversified Municipal Bond ETF, which has an expense ratio of 0.29%, is an actively managed municipal bond fund that includes high yield and investment grade municipal bonds. Designed for investors seeking current income, the fund dynamically adjusts investment grade and high yield exposures based on prevailing market conditions.

Janus Henderson Launches Actively Managed Mortgage-Backed Securities ETF

Janus Henderson Investors launched an actively managed mortgage-backed securities ETF designed to outperform the Bloomberg Barclays U.S. MBS Index.

The Janus Henderson Mortgage-Backed Securities ETF (JMBS) is the first U.S. product and first ETF to be introduced since Denver-based Janus Capital Group merged with London-based Henderson Group in 2017.

The portfolio managers will leverage the company’s deep research capabilities in securitized assets in an effort to pinpoint inefficiencies in the MBS market. Globally, Janus Henderson has 10 analysts covering securitized products.

JMBS, which has an expense ratio of 0.35%, gives investors seeking liquidity and minimal credit risk a “strong option to potentially generate better risk-adjusted returns than low-cost passive MBS ETFs or higher fee active MBS mutual funds,” according to Nick Cherney, head of exchange traded products at Janus Henderson.

OppenheimerFunds Expands ETF Platform with New Global Ultra Dividend Strategies

OppenheimerFunds expanded its ETF offerings with the addition of two new revenue-weighted international and emerging markets focused ultra dividend investment strategies.

Developed in partnership with global index provider FTSE Russell, the Oppenheimer International Ultra Dividend Revenue ETF (RIDV) and Oppenheimer Emerging Markets Ultra Dividend Revenue ETF (REDV) extend the firm’s range of equity income ETF solutions for clients across U.S., international developed and emerging markets.

The Oppenheimer International Ultra Dividend Revenue ETF (RIDV), which has an expense ratio of 0.42%, invests in securities in the FTSE Developed Ex-US Index  with high average one-year trailing dividend yields.

The Oppenheimer Emerging Markets Ultra Dividend Revenue ETF (REDV), which has an expense ratio of 0.46%, invests in securities in the FTSE Emerging Market Index with high average one-year trailing dividend yields.

OppenheimerFunds’ suite of Ultra Dividend Revenue ETFs employs a dynamic rules-based investment process to provide greater exposure to high-dividend paying stocks. They offer high income potential by targeting high-yielding securities, increased value orientation through the use of the firm’ s proprietary revenue weighting methodology and greater opportunistic yield.

DWS Group expands ESG product suite

DWS Group launched the  Xtrackers MSCI EAFE ESG Leaders Equity ETF (EASG), growing its suite of environmental, social and governance solutions.

The ETF will provide investors further transparency into company performance beyond traditional financial analysis and will allow them to efficiently invest in high ESG rating companies located in developed markets outside the U.S. and Canada.

EASG, which has an expense ratio of 0.14%, seeks investment results that correspond generally to the performance of the MSCI EAFE ESG Leaders Index, which provides exposure to companies with high ESG performance relative to their sector peers and  consists of large and mid-cap companies across developed markets countries around the world, excluding the US and Canada.

Innovator ETFs Launches the Innovator IBD Breakout Opportunities ETF

Innovator Capital Management launched an ETF that provides investors with exposure to Investor’s Business Daily’s methodology of investing whose roots date back to William O’Neil’s research in the 1950’s.

The Innovator IBD Breakout Opportunities ETF (BOUT), with an expense ratio of 0.80%, seeks to track the performance of the IBD Breakout Stocks Index, a rules-based index designed to identify stocks poised to “breakout,” or experience a period of sustained price growth beyond the security’s recent “resistance level.”

The Index methodology utilizes a ranking score based upon the security’s IBD Composite Ranking and Relative Price Strength Rating to assign weights; stocks with higher rankings receiving larger weights. The Index includes a minimum of 25 stocks, and is rebalanced and reconstituted on a weekly basis.

American Beacon Sound Point Introduces Enhanced Income Fund 

American Beacon Advisors launched the American Beacon Sound Point Enhanced Income Fund.

This fund is a newly organized and non-diversified interval fund which offers Y-Class shares beginning today under the ticker symbol SPEYX.

Interval funds are continuously offered closed-end funds that periodically offer to repurchase their shares from shareholders. Unlike open-end mutual funds, interval funds do not provide daily liquidity but instead offer investors an ability to redeem up to a certain percentage of the fund at regular, periodic intervals.

SPEYX employs a fundamental, bottom-up approach to investing opportunistically in the credit markets. The exact mix of assets is flexible and responsive to market conditions; however, the fund will focus primarily on a variety of credit-related instruments, including corporate obligations and securitized and structured issues of varying maturities, which includes fixed and floating-rate securities and bank loans.

Voya Offers Retail Advisors New Suite of Practice Management Resources to Grow 401(k) Plan Business

Voya Financial Advisors, Inc. is teaming up with a 401(k) business management platform to offer its network of approximately 2,000 financial advisors a new opportunity to grow their business.

The partnership with RPAG will give VFA advisors access to a support team and educational tools, which build upon a suite of client-oriented solutions that the firm has made available to its advisor network.

Through the RPAG offering, advisors can also benefit from important business building capabilities, including sales and marketing support, fee benchmarking, plan design and quotes, participant engagement, financial wellness programs, fund monitoring and plan sponsor fiduciary education.

—Read last week’s portfolio product roundup here: Defiance ETFs Launches Quantum Computing ETF: Portfolio Products


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