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April 30, 2018 at 10:14 AM
Envestnet | PMC, the portfolio management consultants group of Envestnet, continues to broaden its array of Quantitative Portfolios (QPs) by launching three new Impact QPs.
The entire suite of QPs, including the Impact QPs as well as the Market Series and Factor-Enhanced Series of QPs, recently surpassed $1 billion in total assets under management.
The new QPs — the Impact Small Cap Core Portfolio-ESG, Impact International ADR Portfolio-ESG and Impact Emerging Markets ADR Portfolio-ESG — are constructed using environmental, social, and governance data from Sustainalytics.
“Our Impact QPs empower advisors and institutions to offer clients an index-based solution comprised of companies that are selected to optimize the overall portfolio in terms of positive ESG factors to help align their clients’ investments with their values — and to do so with the same amount of control and transparency as an SMA along with the lower cost of an ETF,” said James Lumberg, co-founder and executive vice president of Envestnet.
Like PMC’s other Impact QPs, the new portfolios utilize a direct indexing approach, focusing on companies with high sustainability ratings and/or ESG priorities. In combination with PMC’s Overlay Services offering, QPs offer tax-loss harvesting opportunities for potential “tax alpha,” which can add significant value on an annual basis.
RetireOne Adds Fixed Indexed Annuities
A suite of fixed indexed annuities (FIAs) are now available on the RetireOne platform.
The inclusion of fee-based and traditional FIAs as a portfolio option provides RIAs and fee-based advisors with a risk management solution for clients seeking downside protection with the possibility for tax-deferred investment growth, and the potential for guaranteed lifetime income.
FIAs allow policyholders to participate in potential gains from an underlying index, while also offering downside market protection.
RBC Capital Markets Selects Bloomberg’s Evaluated Pricing Service for Muni Bonds
RBC Capital Markets added Bloomberg’s evaluated pricing service (BVAL) to its list of vendors that will independently verify prices on its municipal bond holdings.
BVAL draws on real-time access to market observations from a variety of contributed sources, such as reporting facilities, trading venues and market-makers. Traders, portfolio managers and pricing professionals gain transparency into how prices were derived by accessing BVAL through the Bloomberg Terminal service. BVAL prices 2.5 million fixed income securities, including nearly 1 million municipal bonds. Prices are recalibrated three times a day using the most current and relevant trade data available.
FPS Group Unveils Updated IPX Platform to Help RIAs Expand to 403(b) Market
