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December 21, 2018 at 07:01 PM
Wealthfront announced a Coinbase API integration into its financial planning service to give Wealthfront clients a more holistic view of their finances.
According to Wealthfront, this integration is “especially exciting” because Coinbase has been one of Wealthfront clients’ top requested institutions to support.
Clients have always been able to connect a wide variety of account types and asset classes to Wealthfront’s advice engine — from bank and brokerage accounts to real estate, mortgages and student loans.
Clients can now add the cryptocurrency holdings in their Coinbase account to Wealthfront and Wealthfront will factor that information into clients’ free financial plan.
American Beacon Advisors Launches Mutual Fund With Continuous Capital
American Beacon Advisors launched the American Beacon Continuous Capital Emerging Markets Fund.
The fund is the first open-end mutual fund from Continuous Capital, a firm specializing in value equity strategies and an affiliate company of Resolute Investment Managers, the parent company of American Beacon.
The fund’s strategy is to identify investment opportunities at the intersection of value and quality and to mitigate volatility by primarily investing in dividend-paying stocks. Three share classes of the Fund are available: Institutional Class (CCEIX), Investor Class (CCEPX) and Y Class (CCEYX).
The American Beacon Continuous Capital Emerging Markets Fund employs a two-pronged screening process, consisting of both quantitative and fundamental research, to evaluate 4,000 companies in emerging market economies. The fund is broadly diversified across multiple dimensions — countries, currencies and sectors — both to minimize uncompensated risks and to generate a consistent return profile. Its sector and country exposures will be relatively flat to the benchmark, ensuring the majority of the portfolio’s alpha is generated by stock selection.
The fund has an expense ratio of 1.29% for the Y Class, 1.19% for the Institutional Class and 1.57% for the Investor Class.
Betterment Adds Commodities to Its Flexible Portfolios
Betterment for Advisors added an asset class to its Flexible Portfolios: broad-based commodities.
Advisors are now able to edit their clients’ Flexible Portfolio allocations to include commodities, adding to other Betterment for Advisors exclusive asset classes — domestic REITs, international REITs and high-yield bonds.
Betterment’s Flexible Portfolio gives its advisors more control in personalizing their clients’ investments. It allows them to further modify the Betterment portfolio strategy by adjusting the individual asset class weights and accessing additional asset classes.
According to Betterment, this is another step in giving advisors more control, optionality and personalization for every one of their clients.
Innovator Preps January Series of S&P 500 Defined Outcome ETF Listings
Innovator Capital Management announced the anticipated upside Cap Ranges and return profiles for the January Series of Innovator S&P 500 Defined Outcome ETFs, scheduled for Cboe listing on Jan. 2, 2019.
Innovator S&P 500 Defined Outcome ETFs seek to provide investors exposure to the S&P 500 Price Return Index to a Cap, with downside buffer levels of 9%, 15% or 30% over an outcome period of approximately one year. The ETFs reset annually and can be held indefinitely.
