New products and changes introduced over the last week include three ETFs from Compass EMP and a global multistrategy bond from Capital Platform, Stakis and Sackswood Capital.
Also, T. Rowe Price has closed its Capital Appreciation Fund to new investors and AdvisoryWorld and United Planners have announced an upgrade to the Orion platform's reporting capabilities.
Here are the latest developments of interest to advisors:
1) Compass EMP Launches Three ETFs
NASDAQ OMX has announced that Compass EMP has launched three ETFs: the Compass EMP U.S. 500 Volatility Weighted Index ETF (CFA), Compass EMP U.S. 500 Enhanced Volatility Weighted Index ETF (CFO) and Compass EMP U.S. EQ Income 100 Enhanced Volatility Weighted Fund (CDC).
CFA seeks investment results that correlate with the price and yield performance, before fees and expenses, of the CEMP U.S. Large Cap 500 Volatility Weighted Index. The index is a passive broad market index consisting of the common stock of the 500 largest U.S.-based companies with four quarters of positive earnings weighted based on their daily standard deviation (volatility).
CFO looks for investment results that correlate with the price and yield performance, before fees and expenses, of the CEMP U.S. Large Cap 500 Long/Cash Volatility Weighted Index. The index is a passive broad market index consisting of the common stock of the 500 largest U.S.-based companies with four quarters of positive earnings weighted based on their daily standard deviation (volatility). The index has the ability to liquidate up to 75% of the securities to cash in the event of a market decline.
CDC seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the CEMP U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Index. The index is a passive index and generally consists of the common stock of the 100 highest dividend-yielding stocks of the CEMP U.S. Large Cap 500 Volatility Weighted Index. The index securities are then weighted based on their daily standard deviation (volatility). The index has the ability to liquidate up to 75% of the securities to cash in the event of a market decline.
2) Capital Platform, Stakis and Sackswood Capital Announce Multi-Strategy Bond
