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Invesco Launches Emerging Markets BulletShares: Portfolio Products

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Invesco launched a new suite of defined maturity BulletShares ETFs with exposure to emerging markets debt.

BulletShares Emerging Markets ETFs offer investors the opportunity to precisely control emerging markets duration exposure by targeting a unique entry point on the emerging markets debt yield curve.

“The new BulletShares Emerging Markets ETFs continue to democratize the bond laddering process for investors, offering a convenient and liquid way to meet the market for defined income needs,” explained Dan Draper, Global Head of ETFs at Invesco, in a statement. “Offering new debt exposure in the BulletShares family speaks to Invesco’s commitment to accelerating growth inthe decade-old suite.”

The suite includes the following four ETFs:

  • Invesco BulletShares 2021 USD Emerging Markets Debt ETF (BSAE)
  • Invesco BulletShares 2022 USD Emerging Markets Debt ETF (BSBE)
  • Invesco BulletShares 2023 USD Emerging Markets Debt ETF (BSCE)
  • Invesco BulletShares 2024 USD Emerging Markets Debt ETF (BSDE)

BulletShares Emerging Markets Debt ETFs may also mitigate local currency exposure by focusing on U.S. dollar-denominated bonds. Similar to individual emerging markets bonds, BulletShares offer the potential for monthly income and a cash distribution at the fund’s termination.

John Hancock Investments Launches a Multifactor Emerging Markets ETF

John Hancock Investments expanded its ETF product lineup with the launch of John Hancock Multifactor Emerging Markets ETF (JHEM).

Dimensional Fund Advisors, which is a subadvisor to 13 existing John Hancock Investments ETFs, was selected to design the underlying emerging-market equity index for the new ETF.

The new ETF tracks the John Hancock Dimensional Emerging Markets Index, which is a rules-based index of large-cap stocks in emerging markets, which may include frontier markets, that have been selected based on sources of expected returns.

JHEM trades on the NYSE Arca and has a net expense ratio of 0.55%.

Legg Mason Adds an Actively Managed Taxable Fixed Income ETF

Legg Mason launched its first actively managed taxable fixed-income ETF.

The Western Asset Total Return ETF is sub-advised by Legg Mason affiliate Western Asset Management Company, a globally integrated fixed-income manager, and seeks to maximize total return consistent with prudent investment management and liquidity needs.

The fund is benchmarked against the Bloomberg Barclays U.S. Aggregate Index and employs an active process that is both top-down and bottom-up to identify attractive investment opportunities. Active management of duration, sector and security selection offers greater flexibility to respond to dynamic market conditions.

The Western Asset Total Return ETF has a net expense ratio of 0.45%.

Innovator Lists Three New S&P 500 Defined Outcome ETFs

Innovator Capital Management launched three S&P 500 Defined Outcome ETFs, which have begun trading on the Cboe. All three have an expense ratio of 0.79%.

The Innovator S&P 500 Buffer ETF (BOCT) is designed to track the return of the S&P 500 (up to a predetermined cap) while buffering investors against the first 9% of losses over the outcome period, before fees and expenses.

The Innovator S&P 500 Power Buffer ETF (POCT) and Innovator S&P 500 Ultra Buffer ETF (UOCT) are similarly designed to track the return of the S&P 500 (up to a predetermined cap) while buffering investors against the first 15% of losses and 30% of losses, respectively over the outcome period, before fees and expenses.

Research Affiliates Introduces New RAFI Diversity & Governance Strategy

Research Affiliates launched of the RAFI Diversity & Governance strategy.

RAFI Diversity & Governance integrates gender-diversity metrics with empirically robust return drivers that are linked to good governance and financial discipline. It is designed for investors who want to embrace the benefits of diversity while preserving the potential for long-horizon outperformance.

RAFI Diversity & Governance uses the proprietary gender leadership diversity methodology developed by LeaderXXchange, a change-driven organization that advises and promotes diversity and sustainability in governance, leadership, and investment. The methodology uses public data that companies disclose as well as proprietary databases from Paris-based environmental, social, and governance data provider Vigeo Eiris.

Research Affiliates is partnering with BNP Paribas, a leader in impact and sustainable investing, to globally market, distribute, and support the implementation of the strategy. BNP is an exclusive provider of structured products linked to the RAFI Diversity & Governance indices, and serves as a counterparty for OTC swaps.

Indices based on the RAFI Diversity & Governance strategy will be constructed, published, and licensed through RAFI Indices, LLC, a sister company of Research Affiliates.

iM Global Partner and Dolan McEniry Launch a U.S. Corporate Bond Mutual Fund

iM Global Partner and Dolan McEniry Capital Management announced the launch of the iM Dolan McEniry Corporate Bond Fund, a high-quality, value-focused U.S. mutual fund managed for long-term growth and income.

The fund, which launched on September 28, is the second iM Dolan McEniry investment product developed since iM Global Partner acquired a 45% interest in the Chicago-based fixed income asset management company in late 2016. The iM Dolan McEniry US Corporate UCIT fund in Europe was launched in October 2017.

The new iM Dolan McEniry Corporate Bond Fund (Institutional Class Ticker: IDMIX) will be offered to a larger universe of investors through iM Global Partner’s US distribution platform. It will be managed by Dolan McEniry’s investment team using fundamental, in-house research focused solely on the U.S. corporate bond universe, both investment grade and high yield.

IDMIX has a net expense ratio of 0.70%.

SA Stone Announces New Additions to its Wealth Management Platform

MAX Wealth Management and Cooley & Labas Financial Advisors will move their wealth management programs to the SA Stone Wealth Management platform.

By affiliating with SA Stone Wealth Management, MAX Wealth Management and Cooley & Labas Financial Advisors will have access to SA Stone’s comprehensive investment and wealth services inclusive of brokerage and advisory solutions, compliance and supervision resources and client services and support.

As SA Stone is a wholly owned subsidiary of INTL FCStone Inc., new affiliates will also gain access to INTL FCStone’s in-depth market intelligence platform, as well as comprehensive custody and clearing services.

MAX Wealth Management, which is a division of MAX Credit Union, provides financial planning, retirement, insurance and investment management services to a diverse member base. It supports approximately $150 million in brokerage and managed assets.

And, Cooley & Labas Financial Advisors is an independent financial services company with $200 million in assets under management.

Brinker Capital Announces Strategic Partnership and Investment in BizEquity

Brinker Capital announced an equity investment and distribution partnership with BizEquity to provide financial advisors and registered investment advisors access to the tools to develop business valuation analysis for their clients.

In an effort to further expand its service offering to advisors who access Brinker Capital products through its Wealth Advisory and RIA Services units, Brinker Capital will leverage BizEquity’s cloud-based technology to deliver in-depth business valuation paired with industry analysis powered by big data.

In doing so, Brinker Capital is able to effectively and efficiently guide advisors and their business owner clients through the financial decision-making process.

North Capital Introduces Custody Solution for Cash and Exempt Securities

North Capital Investment Technology launched a new custody solution for funding platforms and introducing brokers.

This new service will enable the creation and funding of specialized brokerage accounts at North Capital Private Securities to hold cash and unregistered securities that have been issued in exempt offerings.

North Capital Private Securities was approved as a self-clearing broker-dealer in late 2016 by FINRA.  It is an SEC-registered broker-dealer, member FINRA and SIPC.

Since its inception, North Capital has strategically added capabilities that address the consecutive stages in the life-cycle of exempt securities, beginning with brokerage and transaction services. For example, the firm added AIP processing in 2013 and escrow services in 2016.

Northern Trust Launches Integrated Trading Solutions

Northern Trust launched an outsourced trading capability designed to help asset owners and asset managers achieve better overall trading and performance outcomes.

Integrated Trading Solutions (ITS) combines Northern Trust’s trading experience in equities and fixed income with comprehensive access to global markets, trading venues and liquidity. It also enables seamless integration using advanced technology across trade execution, middle office, matching and settlement.

The potential benefits to Northern Trust clients may be reduced costs and reduced risks, while enabling the achievement of Best Execution* obligations.

–Read last week’s portfolio product roundup here: Impact Shares Partners With UN to Launch New ETF: Portfolio Products


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