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Sound Income Strategies Launches ETFs for Retirees: Portfolio Products

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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.

The actively managed global investment strategy is a fully transparent portfolio designed to provide investors with exposure to innovative companies shaping the future of advertising and marketing technology, the firm says.

The fund focuses on companies that are using technology to disrupt traditional advertising and marketing industries by using programmatic advertising, targeted digital advertising, consumer data and targeting, customer relationship management, marketing automation and other technologies that aid in advertising and marketing, the company says. Its portfolio manager is It Sagar Thanki.

Euclid Capital Launches Growth ETF 

Euclid Investment Advisory has launched its first ETF, the Euclid Capital Growth ETF (EUCG), with an expense ratio  of 0.82%, in partnership with Tidal ETF Services.

EUCG, listed on the Cboe, is an actively managed ETF that invests in index-based ETFs using  systematic trend-following techniques, market analysis and risk management to direct its exposure to various U.S. and non-U.S. equities in a low-risk bull market and to  fixed income securities, cash or cash equivalents in a higher risk, bear market environment.

Direxion Introduces 2 New ETFs

Direxion has launched two new leveraged cloud computing ETFs, each with a 0.95% net expense ratio: the Daily Cloud Computing Bull 2X Shares (CLDL) and Daily Cloud Bear 2X Shares (CLDS) on the NYSE.

The ETFs seek to achieve 200%, or 200% of the inverse, of the daily performance of the Indxx USA Cloud Computing Index.

The Indxx USA Cloud Computing Index provides exposure to domestic companies that deliver cloud computing infrastructure, platforms or services. The companies included in the Index are involved in the delivery of cloud-based computing services.

Like all leveraged ETFs, the new Direxion ETFs are “intended only for investors with an in-depth understanding of the risks associated with seeking leveraged investment results, and who plan to actively monitor and manage their positions,” the company says.

— Check out last week’s portfolio product roundup hereInvesco Introduces its First Active Nontransparent ETFs: Portfolio Products


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