Altruist Expands Portfolio Model Marketplace: Portfolio Products

The firm's Cannabis Research and Banking Expert Jason Wilson added, "With cannabis sales on track to exceed last year's historic levels, and several catalysts in place to drive future growth globally, it is exciting to launch an investment product that provides 2x exposure to this rapidly expanding industry."

SS&C ALPS Advisors Slashes Fee for Infrastructure ETF

SS&C ALPS Advisors, an asset manager and wholly owned subsidiary of SS&C Technologies, has reduced the fee for the Alerian Energy Infrastructure ETF (ENFR) from 0.65% to 0.35%, effective  July 1, 2021.

"Today's fee reduction is the result of our continual efforts to serve our clients' best interests by delivering best-in-class products at competitive prices," said Laton Spahr, President of SS&C ALPS Advisors, in a statement.

The fund normally invests in 90% of the companies comprising the Alerian Midstream Energy Select Index, which is made up of about 30 stocks from issuers headquartered or incorporated in the United States and Canada engaged in the transportation, storage, and processing of energy commodities (the midstream energy businesses). The index includes master limited partnerships and limited liability companies taxed as partnerships, energy infrastructure and power companies.

ZEGA Financial Introduces Active, Hedged ETF

ZEGA Financial has launched the ZEGA Buy and Hedge ETF, which seeks to capture long-term gains in the U.S. large cap market while limiting losses in any 12-month period.

The ETF invests index-based equity options  to provide long-term exposure to the equity markets while mitigating downside risk and invests in yield-producing assets to generate the income to help purchase equity options. Its total operating expenses are 1.02%.

Harbor Capital Advisors Plans Disruptive Innovation ETF

Harbor Capital Advisors announced plans to expand its ETF suite with a new disruptive innovative strategy, which will join two fixed income ETFs. All ETFs will be launched this fall.

"We believe that Disruptive Innovation is establishing itself as a new asset class — taking full advantage of investing around technology shifts across the entire economy affecting every single sector and industry," said Spenser Lerner, Head of Multi-Asset Solutions, Harbor Capital Advisors, in a statement.

The Harbor Disruptive Innovation ETF will invest in U.S. equities across the capitalization spectrum chosen by five specialized investment boutiques and it will seek long-term capital growth. It defines disruptive and innovative companies as those generating secular growth tied to accelerating shifts in the global economy.