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FINSUM

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الأحد, 29 كانون2/يناير 2023 03:41

Fidelity Launches Tactical Bond ETF

Fidelity expanded its active fixed-income ETF lineup with the launch of the Fidelity Tactical Bond ETF (FTBD). FTBD, which now trades on the NYSE Arca, has an expense ratio of 0.55%. The fund is co-managed by Jeffrey Moore and Michael Plage and is measured against the Bloomberg U.S. Aggregate Bond Index. The fund's portfolio can be allocated across the full spectrum of the debt market, including investment-grade, high-yield, and emerging markets debt securities across different maturities. Managers will consider the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments. The launch brings Fidelity’s lineup to 12 active fixed-income ETFs with about $3.9 billion in assets under management. Jamie Pagliocco, Fidelity’s Head of Fixed Income told VettaFi that “Fidelity is committed to offering investors choice and providing a diverse lineup of investment solutions. Fidelity’s fixed income lineup combines our extensive investment capabilities and expertise as an active manager to provide investors with a range of solutions across the fixed income risk spectrum and vehicle type, and Fidelity Tactical Bond ETF provides investors with another competitive offering to further expand client vehicle choice.”


Finsum:Fidelity expands its lineup of actively managed fixed-income ETFs with the launch of the Fidelity Tactical Bond ETF which can invest across the full spectrum of the debt market.

الجمعة, 27 كانون2/يناير 2023 14:00

Advisors Prepare for ESG Backlash

According to analysts, advisors are preparing for investor backlash regarding ESG investing amid divestments from red states. Several states such as Kentucky, Florida, Missouri, and Texas have threatened to pull pension funds from companies that boycott energy companies. In addition, anti-ESG firm Strive Asset Management recently launched a “financial educational campaign” aimed at encouraging investors to press advisors on ESG issues. Michele Giuditta, director of Cerulli Associates noted that during a 2022 poll, 46% of financial advisors cited the perception that ESG investing is politically motivated as a “significant deterrent to ESG adoption,” compared to just 16% in 2021. However, two-thirds of advisors say they consider ESG factors for at least a portion of their client accounts. Giuditta added, “Advisors will need to discuss the merits of ESG and sustainable investing with their clients and reinforce how and why asset managers are using relevant ESG data to drive long-term economic value.” Craig Kilgallen, relationship manager at Fuse Research, told Ignites that while state bans can discourage institutions from investing with an asset manager, the same may not be true for retail investors. He added, “As it relates to the intermediary world, I’ve anecdotally heard that firms are not changing the way ESG is discussed.”


Finsum:While state bans on ESG-focused managers may discourage institutions from investing with an asset manager,it won’t stop advisors from considering ESG for their clients.

الجمعة, 27 كانون2/يناير 2023 13:59

Two Teams of Advisors Join LPL’s Linsco

LPL recently announced that two teams of advisors, who serve a combined $275 million in advisory, brokerage, and retirement plan assets have joined LPL’s employee advisor channel, Linsco by LPL Financial. Chris Corcoran CRPC® joins LPL from Merrill Lynch and will be the first tenant in a new Linsco office in Houston, Texas. Matt Jackson and Adam Callender CRPC® join LPL from Truist and will work remotely from Northeast Florida. Corcoran has nearly 25 years of industry experience and works mainly with oil and gas engineers and other self-made clients. Jackson and Callender have a combined 22 years of service, having worked together since 2006. They shifted from the mortgage industry to wealth management in 2010. They specialize in retirement planning, investment solutions, and appropriate risk management strategies. They will also be joined at LPL by Registered Client Service Associate Tiffany Nessmith. Both teams went with Linsco by LPL to enhance the client service experience and have the freedom and flexibility to focus on what’s best for their clients. Linsco serves advisors that are seeking independence, including owning their client relationships and having the flexibility to run their practice, the way they want.


Finsum:Two advisor teams managing a combined $275 million joined Linsco by LPL so they have the freedom and flexibility to focus on what’s best for their clients.

الجمعة, 27 كانون2/يناير 2023 13:55

Putnam Launches Three New Actively Managed Fixed Income ETFs

Putnam recently announced the launch of five new transparent, actively managed exchange-traded funds, including three fixed-income ETFs that build upon the capabilities and experience of the firm’s Fixed Income team. The bond ETFs include the Putnam ESG Core Bond ETF (PCRB), the Putnam ESG High Yield ETF (PHYD), and the Putnam ESG Ultra Short ETF (PULT). As part of the announcement, Carlo Forcione, Head of Product and Strategy at Putnam stated, “We are enthused about extending our ETF product shelf into the actively managed fixed income and non-U.S. equity spaces.” PCRB invests in bonds of governments and private companies located in the United States that are investment grade in quality with intermediate- to long-term maturities with a focus on issuers that Putnam believes meet relevant ESG criteria. PHYD invests in bonds that are below investment grade in quality which are obligations of U.S. issuers and have intermediate- to long-term maturities. The fund will also focus on issuers that Putnam believes meet relevant ESG criteria on a sector-specific basis. PULT invests in a diversified portfolio of fixed-income securities composed of short-duration, investment-grade money market, and other fixed-income securities, with a focus on issuers that the firm believes meet relevant ESG criteria on a sector-specific basis.


Finsum:Putnam recently launched three actively managed bond ETFs, including the Putnam ESG Core Bond ETF, the Putnam ESG High Yield ETF, and the Putnam ESG Ultra Short ETF.

الأربعاء, 25 كانون2/يناير 2023 12:31

Investors Jumping into Bond ETFs to Start the Year

Last week, over $10.2 billion went into U.S.-listed ETFs, with the majority going into fixed-income funds. Bond ETFs pulled in $4.5 billion according to ETF.com data. This followed the previous week’s $7.8 billion in inflows that went into bond funds. In the first week in January, fixed-income products pulled in $9.4 billion, a jump from $1.5 billion in the last week of December. Investors are flocking to fixed-income exchange-traded funds as recession warnings ring louder. Investors are jumping from stocks to bonds as they are often seen as a safer investment during economic downturns. Earlier in the month, Bloomberg News reported that Wall Street firms are sounding the alarm for a recession in 2023. BlackRock’s Investment Institute stated that “a recession is foretold,” while Barclays is predicting “one of the weakest years for the world economy in 40 years.” This also comes after multiple Fed officials have predicted interest rates remain elevated for the foreseeable future. Federal Reserve Bank of San Francisco President Mary Daly said in a streamed interview with the Wall Street Journal a couple of weeks ago that “I think something above 5[.0%] is absolutely, in my judgment, going to be likely.” Her comments come a week after Minneapolis Fed President Neel Kashkari stated that the “central bank’s so-called terminal rate could reach as high as 5.4% before easing,” in a post on Medium.


Finsum:As Wall Street firms sound the alarm on a potential recession, investors are flocking to fixed-income ETFs, which are seen as safer investments during economic downturns.

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