Launches of investment products and services



New York Life launches Wealth Plus

New York Life announced the launch of Wealth Plus, which includes two new life insurance solutions. Wealth Plus Series is designed to provide death protection and the potential for early, tax-efficient cash value accumulation, allowing clients to maximize the benefits of life insurance as part of their financial strategy.

The solutions can work alongside traditional retirement savings options by combining the protection of a death benefit with tax-advantaged accumulation potential, additional tax-free future retirement income and an accelerated application process.

Both solutions, Secure Wealth Plus and Market Wealth Plus, are designed to give policy owners the ability to accumulate wealth in a more efficient and tax-efficient way, while taking into account their risk tolerance. Secure Wealth Plus offers life insurance protection and a stable path to wealth accumulation with additional growth potential through dividends. Market Wealth Plus is long-term life insurance protection and provides exposure to the equity market, which may offer the potential for greater asset accumulation.

Vanguard to liquidate US Liquidity Factor ETF

Vanguard has announced that the $44.2 million Vanguard US Liquidity Factor ETF will be liquidated at the end of November.

The company’s other US factor products have combined assets of $3.4 billion and will continue. Exchange-traded funds are actively managed by Vanguard Quantitative Equity Group, which allows for daily portfolio valuation and potential rebalancing to mitigate factor drift.

Shareholders are notified and given the opportunity to sell their shares prior to ETF delisting from Cboe BZX Exchange, Inc. at the close of business on or about November 22. On the liquidation date, the remaining assets of the ETF will be sold and the proceeds distributed.

John Hancock Investment Management announces changes to its ETF lineup

John Hancock Investment Management, a Manulife Investment Management company, has announced plans to close and liquidate 10 sector ETFs. The decision reflects how these funds have been used by investors over the past seven years and how sector investing has evolved in the market.

The board of directors of John Hancock Exchange-Traded Fund Trust has determined that the continuation of the funds is not in the best interest of the funds or their shareholders, and has therefore decided to close and liquidate the John Hancock Multifactor Consumer Discretionary AND F ; John Hancock Multifactor Consumer Staples ETF; John Hancock Multifactor Energy ETF; John Hancock Multifactor Financial ETF; John Hancock Multifactor Healthcare ETF; John Hancock Industrial Multifactor ETF; John Hancock Multifactor Materials ETF; John Hancock Multifactor Media and Communications ETF; John Hancock Multifactor Technology ETF; and the John Hancock Multifactor Utilities ETF.

The funds will stop accepting creation orders after the close of business on October 17 and will cease trading on the NYSE Arca, Inc. at market close on October 24.

When a fund begins its liquidation, it will no longer pursue its stated investment objective or engage in any business activity except for the purpose of selling and converting into cash all of the fund’s assets, paying its debts and distributing its remaining proceeds or assets to shareholders. During this period, each fund is likely to incur higher tracking error than is typical for the fund. In addition, between the market close on October 24 and October 26 (liquidation date), shareholders will not be able to sell their shares on NYSE Arca. Shareholders who continue to hold shares of a fund on the liquidation date will receive a liquidation distribution equal in value to their pro rata share of the assets of the fund on that date.

These closures only affect John Hancock’s 10 sector ETFs, representing approximately 5% of John Hancock’s overall ETF assets. No other ETFs offered by John Hancock Investment Management are affected by these closures.

Along with this announcement, John Hancock Investment Management is also announcing the approval of a new John Hancock US High Dividend ETF, slated for launch later this month. He has also filed an initial registration statement to launch the John Hancock International High Dividend ETF later this year.

The investment objective of JHDV is to seek a high level of current income with long term capital growth as a secondary objective. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in large and mid-cap dividend-paying US stocks. These dividend-paying large and mid-cap US equity securities are incorporated or have their primary listing in the United States.

The ETF is actively managed and sub-advised by Manulife Investment Management (US) LLC, an asset manager affiliated with John Hancock Investment Management.

AllianzIM Announces New Stock Symbols for Eight Buffered ETFs

Allianz Investment Management LLC, a wholly owned subsidiary of Allianz Life Insurance Company of North America, announced a stock symbol change for eight existing AllianzIM Buffered Outcome ETFs effective October 31.

The new tickers begin by representing a three-letter indicator for the month of the earnings period followed by either a “T” to represent 10 for Buffer10 funds, or a “W” to represent 20 for Buffer20 funds. Changing the ticker symbol of each fund will have no effect on its investment objective, strategy or fees and expenses and no action is required by current shareholders of the funds as a result of such change.

AllianzIM US Large Cap Buffer10 and Buffer20 ETFs seek to match the returns of the reference asset up to a stated upside cap, while seeking to provide protection against the first 10% or 20% of the asset’s losses benchmark for the current earnings period.

ARK Investment Management launches the ARK venture capital fund

ARK Investment Management LLC announced the launch of the ARK Venture Fund, a regulated public fund investing in innovative private and public companies that all US investors can access through Titan, an investment app.

The ARK Venture Fund is an actively managed crossover fund that invests in private and public companies focused on technology innovation and other venture capital funds. Any individual US investor can potentially invest in the fund, with a minimum investment of $500, without meeting qualification or accreditation thresholds.

The ARK venture capital fund charges a management fee of 2.75%, but does not charge any deferred interest or load fees. The fund’s total expense ratio is estimated at 4.22%. In addition, the ARK venture capital fund offers liquidity up to 5% of the net asset value of the fund on a quarterly basis.

Putnam Investments to launch two active ETFs

This Friday, Putnam Investments will begin offering two new transparent, actively managed equity ETFs. The company will launch the Putnam BDC Income ETF, which focuses on business development companies, and the Putnam BioRevolutionTM ETF, which focuses on companies operating at the intersection of technology and biology in the “biological revolution”.

The Putnam BDC Income ETF will be the first actively managed business development company ETF on the market, investing in a host of BDC opportunities with the goal of generating income for investors.

Schwab launches the Schwab Municipal Bond ETF

Schwab Asset Management, the asset management arm of The Charles Schwab Corporation, has announced the launch of the Schwab Municipal Bond ETF. The first day of trading is expected to take place on or around October 12.

The Schwab Municipal Bond ETF hits the market with an expense ratio of 0.03%. This ETF provides access to the vast US investment grade, tax-exempt bond market with the added benefit of potentially higher tax efficiency of its ETF structure. It can be part of the core of a diversified portfolio.

The objective of the Schwab Municipal Bond ETF is to track as closely as possible, before fees and expenses, the total return of the ICE AMT-Free Core US National Municipal Index, which measures the performance of the US municipal bond market without AMT. It is intended to provide income that is exempt from federal tax and not subject to federal alternative minimum tax. The fund has a high credit quality profile, investing only in securities rated investment grade.

JP Morgan Asset Management expands its tax-smart platform

JP Morgan Asset Management has announced the launch of JP Morgan-Tax-Managed US Large Cap Leaders, which will be available through its Tax-Smart Platform. The strategy offers investors the ability to combine JP Morgan’s active equity investor management, portfolio customization, tax-smart investing and automated daily tax loss collection into a single portfolio.

Tax-Managed US Large Cap Leaders is both index-based and active, and will launch over the next year. The platform combines JP Morgan’s investment experience with 55ip’s tax-smart technology and is one of the first of its kind to offer actively managed, index-based SMAs and mutual fund model portfolios. investments and ETFs, in a digital portal, offering seamless portfolio customization. , tax management and reporting features.

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