Parametric Portfolio Associates launched Parametric Custom Core Fixed Income individual separate accounts.
The new fixed income portfolios combine “the benefits of index-based portfolio construction, active credit oversight and direct ownership of securities,” the company said. They “can be customized to reflect each client’s individual responsible investment criteria and other desired portfolio tilts and inclusions, to incorporate the client’s pre-existing securities holdings and to harvest tax losses on a year-round systematic basis,” Parametric said.
The benchmark-based separate accounts compete against index exchange-traded funds and index mutual funds across a range of applications based on enhanced tax efficiency, increased client control over portfolio construction and management and the avoidance of pass-through fund operating and trading costs, the firm said.
The portfolios are managed by Parametric’s team of 45 fixed income professionals, which as been developing portfolio construction algorithms over the past several years to bring Custom Core’s advantages to bond investors and is led by James H. Evans, Parametric’s chief investment officer, fixed income.
TagniFi Releases TagniFi Funds
TagniFi launched TagniFi Funds, a dataset of closed-end funds that it said contains daily historical data for every publicly traded closed-end mutual fund in the U.S.
TagniFi customers will automatically receive access to TagniFi Funds, allowing them to search and analyze 20 years of historical closed-end fund data, including, fund category and subcategory, discount or premium to NAV, yields, net assets, percent of top 10 holdings and percent of leverag.
Prior to TagniFi Funds, access to comprehensive closed-end fund data had been reserved for clients of legacy financial data terminals with pricing “out of reach for most finance and investment professionals,” the firm said.
The historical closed-end fund data available is “at a fraction of the cost without sacrificing data quality or capabilities” and lets clients calculate the historical discount or yield for funds as of any date back to July 2000 for valuation or analysis purposes, the company said.
Janus Henderson to Offer New ETF
Janus Henderson Investors filed a preliminary registration statement with the Securities and Exchange Commission for the Janus Henderson AAA CLO ETF for U.S. investors.
The new actively managed ETF will be focused on AAA-rated Collateralized Loan Obligations and and will seek capital preservation and current income by seeking to deliver floating-rate exposure to high quality AAA-rated CLOs, the firm said. If approved, the fund is expected to launch on or around Oct. 22, the company said in an announcement. Its ticker will be JAAA.