RIA Sound Income Strategies has launched two actively managed, income exchange-traded funds on the New York Stock Exchange.
The Sound Equity Income ETF (SDEI, with a 0.45% expense ratio) and Sound Enhanced Fixed Income ETF (SDEF, 0.49%) seek to generate income at a time when rates are at ultra-low levels and baby boomers are unprepared for retirement, according to the company.
SDEI’s main objective objective is to generate current income via dividend yields of mid-and large-cap stocks that are at least two times that of the S&P 500 Index. Its secondary objective is to capture long-term capital appreciation.
SDEF seeks current income while providing the opportunity for capital appreciation by investing in fixed income securities. The ETF invests in investment grade and below investment grade debt securities, split roughly equally but portfolio weighting will be adjusted from time to time based on the sub-advisor’s assessment, the company says.
The company partnered with the team at Tidal ETF Services to bring the new ETFs to the market.
Hamilton Lane Fund Expands Access to Private Markets
Hamilton Lane has launched a closed end fund designed to expand access to private markets for individual U.S. investors.
The Hamilton Lane Private Assets Fund (PAF) is available to qualified U.S. clients, including certain high-net-worth investors and their wealth advisors, and has expense ratios of 2.48% for Class I shares and 3.18% for Class R shares.
The fund, says Hamilton Lane, is an institutional-quality multi-strategy portfolio of private equity and private credit assets that seeks capital appreciation over the medium and long term. The minimum investment is $50,000 and uses a 1099 for tax reporting.
Hamilton Lane has seeded the fund with $30 million from the firm’s balance sheet, alongside an additional $100 million in capital from an anchor investor. PAF is Hamilton Lane’s latest evergreen product offering and its first available to certain qualified U.S. investors.
New Guinness Atkinson ETF Focuses on AdTech, MarTech
Guinness Atkinson Asset Management has introduced the SmartETFs Advertising & Marketing Technology ETF (MRAD) which has a 0.68% expense ratio and is listed on the NYSE.