WisdomTree Investments is using fintech firm 55ip’s automated, tax-smart technology as part of a new collaboration the companies said will make it easier for advisors to transition clients into diversified WisdomTree model portfolios with ongoing rebalancing and tax management.
The collaboration combines WisdomTree’s diversified model portfolios with 55ip’s tax-smart investment strategy engine that uses intelligent automation to “deliver a more intuitive model portfolio selection and implementation experience,” the firms said in a joint announcement.
The solution helps advisors run their practices more efficiently and drive better client outcomes, they said. It is expected to be made available to advisors at the end of 2020.
Thanks to 55ip’s existing integrations with major RIA custodians, access to WisdomTree’s model portfolios will be exposed to a new user base, the companies said.
Janus Henderson Introduces Floating Rate ETF
Janus Henderson Investors launched the Janus Henderson AAA CLO ETF (JAAA, with a 0.25% net expense ratio) on the New York Stock Exchange.
The actively managed exchange-traded fund was “designed to enhance access to a segment of the fixed income market that has historically only been available to institutional investors,” the company said.
The new ETF seeks to provide capital preservation and current income by investing at least 90% of its net assets in collateralized loan obligations of any maturity that are rated AAA or equivalent.
Rareview Capital Launches 2 Actively Managed ETFs
Rareview Capital introduced two new actively managed ETFs: the Rareview Dynamic Fixed Income ETF (RDFI, net expense ratio capped at 1.5%) and Rareview Tax Advantaged Income ETF (RTAI, 1.25%), both listed on the NYSE.
The new ETFs seek to combine the traditional benefits of fixed income with the non-traditional advantages of closed-end funds, the RIA and ETF sponsor said.