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J.P. Morgan Expands BetaBuilders ETF Line: Portfolio Products

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J.P. Morgan Asset Management expanded its BetaBuilders line of exchange-traded funds with the JPMorgan BetaBuilders International Equity ETF (BBIN).

BBIN has a 0.07% net expense ratio and provides investors with liquid, low-cost access to developed international equities outside North America, according to the firm. Specifically the new fund provides cost-efficient market-cap weighted exposure to the Morningstar Developed Markets ex-North America Target Market Exposure Index.

The launch expands JPMorgan’s BetaBuilders suite of ETFs to eight strategies, “offering efficient access to simple market cap-weighted building blocks priced for today’s market,” the company said.

The beta platform manages over $45 billion across market-cap weighted, strategic beta and alternative beta investment strategies, the company says.

Avantis Adds 5 Low-Cost Mutual Funds

The recently created Avantis Investors investment unit of American Century Investments introduced five low-cost mutual funds.

They feature the same strategies of the Avantis ETFs it rolled out in September, according to the company. The new funds are: Avantis International Small Cap Value Fund (AVDVX, with a 0.36% net expense ratio), Avantis International Equity Fund (AVDEX, 0.23%), Avantis Emerging Markets Equity Fund (AVEEX, 0.33%), Avantis U.S. Equity Fund (AVUSX, 0.15%) and Avantis U.S. Small Cap Value Fund (AVUVX, 0.25%).

The goal of Avantis is to “deliver low-cost, broadly diversified solutions in a variety of formats,” including ETFs and mutual funds, according to Eduardo Repetto, Avantis chief investment officer. “All seek long-term capital appreciation,” the firm said.

Junxure Launches Digital Account Open Integration With Schwab

AdvisorEngine’s Junxure end-to-end digital client relationship management platform features the new digital account open workflow developed by Schwab Advisor Services, AdvisorEngine said.

Starting this month, wealth management firms using Junxure and Schwab Advisor Services as a custodian can open new accounts digitally in real-time, according to AdvisorEngine.

Junxure’s integration with Schwab “eliminates” challenges that wealth management firms typically encounter when opening new accounts, including manual form-filling, coordinating with busy clients, resolving not-in-good-order data issues and ensuring CRM accuracy, AdvisorEngine said. Junxure enables advisors to “convert prospects into new clients seamlessly,” it said.

Cornerstone Introduces Capital Access Impact Fund

Cornerstone Capital Group launched the Cornerstone Capital Access Impact Fund (CCIIX) that’s “designed for investors who are seeking both competitive financial returns and positive impact,” it said.

The liquid, low-minimum solution is an “all-cap, global thematic fund” whose “goal is long-term capital appreciation,” according to the New York financial services firm. The minimum investment for the Access Impact Fund is $1,000 and it has a net expense ratio of 1.35%, the company says.

The Access Impact Fund “gives investors exposure to companies that embrace strong environmental, social and governance” practices and that are “moving the needle on key issues we face as a society,” according to Jennifer Leonard, portfolio co-manager of CCIIX and executive director and asset manager due diligence at Cornerstone.

To achieve its ESG investment objective, the fund “allocates assets across six critical and interconnected themes that initially include health, wellness and education; climate and clean energy; innovation and economic opportunity; reduced inequalities and social justice; data-driven solutions; and the “circular” economy, according to the firm. The team selected these themes because “together they work to advance the Sustainable Development Goals laid out by” the United Nations in 2015, Cornerstone said.

Harbor Teams With Robeco on New Funds

Harbor Capital Advisors partnered with Robeco Institutional Asset Management US to launch a new series of Conservative Equities funds across multiple geographic regions, as well as an active emerging markets equity fund.

The new funds are: Harbor Robeco US Conservative Equities Fund (HRUNX, with a 0.43% net expense ratio), Harbor Robeco International Conservative Equities Fund (HRIEX, 0.53%), Harbor Robeco Global Conservative Equities Fund (HRGIX, 0.48%), Harbor Robeco Emerging Markets Conservative Equities Fund (HRETX, 0.83%), Harbor Robeco Emerging Markets Active Equities Fund (HRMTX, 0.87%) and Harbor Mid Cap Fund (HMCLX, 0.88%).

The conservative equities funds provide investors with a “pathway to investing with the potential for lower volatility and better downside protection,” according to Chicago-based Harbor. The mid-cap fund is a “core offering rooted in the “strong, durable investment culture and process” of Earnest Partners, its subadvisor.

“This expansion of our investment options reflects Harbor’s commitment to delivering clients a diverse range of active, cost-aware investment solutions that seek to add more opportunity for return than enhanced index options given elevated expectations around volatility,” said John Halaby, head of distribution at Harbor.

E-Trade Enhances Its Mobile iOS App

E-Trade relaunched its mobile app for Apple mobile devices with enhancements that include a centralized account experience, more efficient navigation and two-tap trade capability, it said.

As part of the new centralized account experience, investors can now see all accounts in one place and have a customized experience for each unique account type, E-Trade said.

The redesigned app also “delivers an even faster, sleeker, and more intuitive experience,” according to E-Trade, which said its app is the “second-most popular channel for customers to place trades.”

— Check out last week’s portfolio product roundup here: Chaikin Plans ETF Rating Version “2.0”: Portfolio Products.