Nuveen added a large-cap strategy to its suite of environmental, social and governance focused ETFs. The Nuveen ESG Large-Cap ETF (NULC) offers exposure to the U.S. large-cap stock market while adhering to certain ESG principles.
It tracks the TIAA ESG USA Large Cap Index, which selects securities included in the MSCI USA Index, trades on the Cboe BZX Exchange and has an expense ratio of 20 basis points.
NULC is Nuveen’s 12 ETF; nine of them focus on ESG strategies. The firm’s latest annual survey on responsible investing showed a growing interest in ESG strategies, led by millennials (93%) but also among non-millennials (78%). High-net-worth investors indicated that investment performance and risk management were the driving forces for them when choosing responsible investments.
Hartford Funds Launches 2 Multifactor Mutual Funds
The Hartford Multifactor International Fund (HMIVX) and Hartford Multifactor Large Cap Value Fund (HMLVX) are designed for multifactor strategies in retirement plans and use the same approach (and base indexes) previously available though only Hartford Funds ETFs.
“We adapted our existing multifactors to ensure that retail investors and retirement plans alike can leverage them in their continued pursuit of capital returns with the potential for reduced volatility,” said Chief Investment Officer Vernon Meyer.
HMIVX, which has an expense ratio of 34 basis points, tracks the Hartford Risk-Optimized Multifactor Developed Markets (ex-US) Index to provide equity exposure to major developed markets in Europe, Canada and the Pacific Region.
HMLVX has an expense ratio of 24 basis points and tracks the Hartford Multifactor Large Cap Value Index. Both funds aim for less volatility over a complete market cycle than traditional cap-weighted indexes.
Innovator Capital Management Expands S&P 500 Buffer ETF Suite
Innovator Capital Management has launched its June Series of S&P Buffer ETFs, trading on the Cboe, which provides exposure to the S&P 500 up to a cap along with downside protection at different buffer levels, over approximately one year.
The latest series, like the four previous ones, consist of three ETFs with different caps on the maximum potential return before fees and expenses and different downside limits (buffers):
- Innovator S&P 500 Buffer ETF (BJUN): 15.66% cap after management fee; 9% buffer
- Innovator S&P 500 Power Buffer ETF (PJUN): 9.73% cap after management fee; 15% buffer
- Innovator S&P 500 Ultra Buffer ETF (UGUN): 9.47% cap after management fee: 30% buffer
All three charge an expense ratio of 0.79%.
OpenInvest Adds Offerings Focused on Racial Justice
The robo-advisor platform that offers direct indexing, customization and impact investments at scale, has added a racial justice cause to its suite of socially responsible offerings.