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Portfolio > Portfolio Construction

New App Makes Proxy Voting Easier for Individual Investors: Portfolio Products

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Broadridge Financial Solutions, Inc. plans to launch a new app that makes investor voting easier.

The app, which will be available on Android and iPhone, creates a streamlined experience through a single personalized dashboard that allows investors to vote and equips them with new tools and educational resources designed to drive more meaningful engagement.

In 2018, individual investors participated in only 28% of the total voting opportunities available to them, according to ProxyPulse.

“Individual investors have an important voice in the future of the companies that they invest in, yet few realize the power they yield,” said Tim Gokey, president and chief executive officer at Broadridge, in a statement. “This app will empower investors of all kinds to exercise their right to vote and participate in the corporate governance process.”

In addition to voting, the will allow Individual investors to receive important regulatory and educational information relating to corporate direction, such as Board of Director elections, executive compensation and environmental, social and governance (ESG) decisions.

Users will be able to sign-in securely (through thumbprint and facial recognition) and to sign up for mobile push notifications to alert them of meetings and elections. They will also be able to review and change their votes, sign up for electronic delivery from their bank or broker and download materials, among other features.

Broadridge will continue to provide investors  the flexibility to vote on whichever platform they choose. In addition to the forthcoming investor app , investors will be able to use their broker’s app, on a desktop or mobile browser via, by phone, by mail or in-person at annual meetings. To receive an alert about the new app visit

m+ funds Expands Defined Outcome Fund Menu

m+ funds launched the Defined Preservation 95 fund, which is designed to deliver positive price appreciation of SPDR S&P 500 ETF Trust (SPY) up to a maximum amount while limiting negative returns to 5%.

The Defined Preservation 95 fund was created for investors who are concerned about a possible slowing economy, but are well aware of the potential benefits of remaining allocated to large cap equities. It has a limited term of 2.2 years and total fees, including a one-time creation fee and ongoing expenses, are roughly 60 basis points per year.

New m+ funds, each with a specific defined outcome and linked to a particular ETF, are issued on an on-going basis, and each provides investors a way to gain, or retain, exposure to ETFs while shaping their risk/return investment profiles in a way that can be more closely aligned with their objectives.

Reaves Utilities ETF Lowers Management Fee Renamed Virtus Reaves Utilities ETF

Reaves Utilities ETF has renamed the Virtus Reaves Utilities ETF (UTES), better reflecting the relationship between fund manager Reaves Asset Management and Virtus ETF Solutions.

The ETF also lowered its management fee to 49 basis points.

Vulcan Value Partners Opening Large Cap Programs To New Investors

Vulcan Value Partners is opening its Large Cap Programs – which include Large Cap, Focus, and Focus Plus – to new investors after closing them in 2015.

As a result of investments across the entire business, Vulcan Value Partners now has the capacity to partner with additional clients in the Large Cap Programs.

Since closing in 2015, Vulcan Value Partners has made major investments in human resources, systems, and infrastructure. The firm now has a larger and more experienced research staff and has made heavy investments in artificial intelligence. It has also implemented a new front-end trading and compliance suite and has engaged a new middle and back office operations provider.

MarketAxess Launches Suite of U.S. Investment Grade Indexes

MarketAxess Holdings Inc launched a suite of market and trading performance indexes for the U.S. Investment Grade credit market.

The suite offers new insights into credit market pricing, liquidity and trading costs, which can be used to enhance the trading performance of a portfolio that tracks an index or underlies an ETF.

Each index is based on a universe of securities derived from the award-winning Composite+ algorithmic pricing engine, which leverages a universe of over 24,000 bonds from the public FINRA Trade Reporting and Compliance Engine (TRACE) and proprietary data from the MarketAxess trading platform and Trax. This mix of transacted data from multiple sources provides a unique view of the market when selecting a portfolio of bonds or creating an index.

The MarketAxess U.S. Investment Grade Market Indexes are updated daily, and provide measures in price, spread, yield and bid-ask terms.

  • MarketAxess U.S. Investment Grade Price Index
  • MarketAxess U.S. Investment Grade Spread Index
  • MarketAxess U.S. Investment Grade Yield Index
  • MarketAxess U.S. Investment Grade Bid-Ask (bps) Index
  • MarketAxess U.S. Investment Grade Bid-Ask ($) Index

Private Client Resources Enhances Architecture for Private Banks and Wealth Firms

Private Client Resources announced the  addition of major enhancements to the company’s data sharing architecture.

Originally introduced 18 months ago, PCR’s data aggregation platform delivers major innovations in how wealth data is gathered, stored and shared.

The platform includes a Digital Consent application that allows advisors and clients to digitally authorize the sharing of information with PCR as their aggregator, replacing credential-based methods for most investment assets. The platform also implements pseudonymization principals which segregates the storage of personal data, investment data and linking information (account numbers) in separate data centers to make it much more difficult for any security breach to correlate this information.

The enhancements include expansion of Digital Consent coverage from 500 electronic and 12,000 manager sources spanning  all 38k SEC-registered vehicles. Additionally, firms can now elect to host the Digital Consent application in their own data centers, including other countries that may require personal information to remain in that jurisdiction.

The platform storage architecture has also been expanded to cover sensitive documents such as the statements, capital calls and distribution notices that PCR processes. The enhancement digitally shreds all documents into multiple documents that are stored in separate data centers and databases, and can only be reassembled, via proprietary tokenization method, remaining anonymized both in storage and in transit.

—Read the last portfolio product roundup here: Vestwell, BNY Mellon Partner on IRA Programs: Portfolio Products


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