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ProShares Launches ETF Focused on Transformational Changes: Portfolio Products

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ProShares has launched the Transformational Changes ETF (ANEW) which invests in companies that  “may benefit from transformational changes in how we work, take care of our health, and consume and connect—changes accelerated by COVID-19,” according to the company.

ANEW is  listed on the New York Stock Exchange, has a 0.45% net expense ratio and invests in  companies involved with one or more of four key transformational themes, as determined by MSCI: Future of Work, Genomics & Telehealth, Digital Consumer and Food Revolution.

“ANEW is designed to harness the potential growth of these companies as they reshape our new world,” said ProShares CEO Michael L. Sapir in a statement. The new ETF joins other ProShares ETFs investing in retail disruption, infrastructure and pet care, ProShares said.

Emles Introduces Four ETFs

Emles, founded by former Alerian executives, Gabriel Hammond and Dave Saxena, has launched four new ETFs trading on the cboe BZX exchange.

The Emles Real Estate Credit ETF (REC) has a 0.48% net expense ratio and tracks the Solactive U.S. Real Estate Bond Index, a market value-weighted index designed to measure the performance of corporate bonds issued by U.S. companies in the real estate sector.

The Emles Made in America ETF (AMER, 0.49%), seeks to capitalize on the secular shift of deglobalization by investing in U.S. manufacturing companies that generate substantial revenue in the U.S.; the Emles Federal Contractors ETF (FEDX, 0.6%) invests in stocks whose revenues are mostly derived from federal contracts with the U.S. government; and the Emles @Home ETF (LIV, 0.49%) is designed to provide thematic exposure to companies that may stand to benefit from the accelerating shift towards more time spent at home, it said.

Red Gate Advisers to Launch its First Fund

New firm Red Gate Advisers plans to launch its first fund, the Stance Equity ESG Large Cap Core ETF, through a licensing agreement with Blue Tractor Group.

The fund will be administered by The RBB Fund, Inc. Series Trust. Stance Capital is a Boston-based RIA specializing in quantitative environmental, social and governance asset management and research.

The fund is expected to launch in Q1 2021, according to  Craig Urciuoli, president and co-founder of Red Gate Advisers.

Blue Tractor’s Shielded Alpha ETF structure offers investors the benefits of an ETF, including lower trading costs, greater tax efficiency and intra-day trading liquidity, according to Red Gate Advisers. Its non-transparent structure discloses daily holding but not weightings.

Oranj Adds Reporting Feature

Oranj has added the Oranj Investment Reporting feature to its platform for financial advisors, which the company said “takes the complexity out of investment reporting, providing information that enhances — without dominating — client discussions.”

The feature is “designed to be straightforward, with easy-to-produce-and-explain investment reports that deliver the details that matter to clients,” it said, adding advisors can use it to “easily generate investment reports across their entire practice.”

Advisors who had early access to the feature during its beta launch have been enthusiastic about it, according to the company.

JPMorgan Launches Solution for Small Business 401(k) Clients

JPMorgan Chase launched the Everyday 401(k) by J.P. Morgan that it said is designed to give small business clients and their employees the ability to simply plan, save and invest for retirement.

With Everyday 401(k), clients can quickly and easily set up a 401(k) plan by selecting J.P. Morgan Asset Management’s ready-to-use solutions or by customizing their own plans, the company said. Plans start as low as $75 a month and $5 per participant per month.

Retirement solutions provider SS&C Technologies is serving as the underlying recordkeeper for Everyday 401(k).

— Check out last week’s portfolio product roundup hereAllianz Life Expands Risk Management Services for RIAs: Portfolio Products