Top Portfolio Products: Schwab, BlackRock Introduce New Funds

BlackRock launched the BlackRock Impact Bond Fund (BIIIX), which aims to generate competitive financial returns while investing in measurable social and environmental outcomes.

BIIIX will invest in a portfolio of fixed income assets, including corporate bonds of companies whose policies advance corporate citizenship, high-impact disease research and the reduction of greenhouse gas emissions, as determined by BlackRock. Its expense ratio for institutional shares is 0.45% with a $2 million minimum, according to Morningstar. The minimum is $1,000 for A shares (BIAAX), which carry a 4% load plus a 0.25% 12b-1 fee.

3) Russell Investments Expands Access to RFX Network

Russell Investments made its end-to-end trading solution RFX Network accessible to clients via Eze Software Group's order management system.

RFX Network, which is an end-to-end trading solution for complex trade lists that offers executable streaming prices, forward points, advanced netting, client-to-client matching and allocation of foreign exchange transactions, now has an expanded real-time connectivity to the global financial community through Eze OMS.

— Read the August 22 Portfolio Products Roundup on ThinkAdvisor.