Top Portfolio Products: Global X Launches Junior Miners ETF

Scout Investments announced recently that it has expanded its mutual fund lineup with the launch of the Scout Low Duration Bond Fund (SCLDX). With an emphasis on capital preservation, the fund is designed to yield more than money-market funds and to be less volatile than longer-term bond funds.

Mark Egan is SCLDX's lead portfolio manager and managing director at Reams Asset Management, a division of Scout Investments. SCLDX's management seeks to maximize risk-adjusted total return, minimize volatility and preserve capital. It will be well diversified and consist of high-quality short-term securities with an average fund duration of generally one to three years. It also has the flexibility to invest in high-yield securities when it is attractive to do so.

3) Envestnet to Focus on Fiduciary With Fund Evaluation Group Announcement

Envestnet announced Wednesday that it has partnered with Fund Evaluation Group, a hedge fund research and due diligence provider. The partnership is meant to complement the research on separate account managers, mutual funds, ETFs and liquid alternative investments already available on the Envestnet Prima platform.

"It's really a response to client demand," said James Patrick, managing director of advisor managed programs with Envestnet, when asked about the genesis of the partnership. "They are known in the industry for their heft, reputation and pedigree. We also have a number of clients that already utilize them, so that certainly helps when choosing."

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Read the Aug. 30 Portfolio Products Roundup at AdvisorOne.