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State Street Launches Alpha Data Platform: Portfolio Products

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The State Street Alpha Data Platform, an end-to-end data management and warehouse solution for institutional investment and wealth managers, has launched.

The platform uses an open architecture system, enabled by Snowflake, and allows clients to “seamlessly assemble and access investment data spanning internal and third-party services across their investment processes,” according to State Street. It provides access to front office data in near real-time and uses data catalog and visualization capabilities that yield higher quality data  while reducing cost and accelerating decision making, the company says.

State Street Alpha leverages the product and engineering capabilities of Charles River Development and State Street, which has also partnered with Microsoft Azure on the new platform, it says.

The interoperable platform will also “serve as the foundation for the next stage of development for Alpha’s new solutions for cash and position management and performance measurement,” State Street says.

Tuttle Tactical Management Launches SPAC ETF

Tuttle Tactical Management introduced the SPAC and New Issue ETF (SPCX), which has an expense ratio of 0.95% and is listed on the NYSE.

The ETF is an actively managed portfolio of holdings in the fast-growing SPAC asset class, composed of special purpose acquisition companies, which are shell corporations designed to take companies public without going through the traditional IPO process. It also includes holdings of traditional initial public offerings. Citigroup is providing fund accounting and administration, custody, fund compliance support services, transfer agency and ETF services for the new fund.

Natixis Adds Sustainable Equity Fund

Natixis Investment Managers has launched the Mirova US Sustainable Equity Fund (MUSYX, 0.80%), a high-active share U.S. equity mutual fund that it says “benefits from Mirova’s deeply rooted experience in global sustainable investing and leadership” in environmental, social and governance (ESG).

MUSYX is an all-cap U.S. equity fund that seeks long-term capital appreciation by maximizing exposure to companies with a positive impact on the United Nations’ Sustainable Development Goals, as well as those with strong performance on material ESG indicators, it says.

Blue Horizon, Distillate Capital, Innovator Capital and Krane Funds Advisors Launch ETFs 

Blue Horizon,  Distillate Capital, Innovator and Krane Funds have all launched new exchange-traded funds.

The Blue Horizon BNE ETF (BNE, with a net expense ratio of 0.87%) is listed on the NYSE. Exchange Traded Concepts is the issuer of the new fund, which is designed to track the performance of the Blue Horizon New Energy Economy 100 Index, a rules-based global index of 100 companies that are disrupting and benefiting from the shift to the New Energy Economy. BNE is designed to capture  the major developments and disruptions across the New Energy Economy, including E-mobility, energy storage, performance materials, energy distribution and energy generation.

The Distillate International Fundamental Stability & Value ETF (DSTX, 0.55%) is also listed on the NYSE. The fund seeks to “distill a starting universe” of about 1,500 non-U.S. large- and mid-cap stocks “down to 100 attractively valued stocks that exhibit stable cash flows and healthy balance sheets,” the firm says.

Innovator Capital Management has announced upside cap ranges and return profiles for the January Series of Defined Outcome ETFs, which are designed to provide investors with built-in buffers against losses, and have a net expense ratio of 0.79% each. The Innovator S&P 500 Buffer ETF-January (BJAN), has a buffer level of 9.00% and cap range of 14.89-16.49%; Innovator S&P 500 Power Buffer ETF-January (PJAN) has a buffer level of 15.00% and cap range of 9.51-10.63%; and the Innovator S&P 500 Ultra Buffer ETF-January (UJAN) has a a buffer level of 30.00% (-5% to -35%) and cap range of 7.18-7.81%.

The KFA Mount Lucas Index Strategy ETF (KMLM, 0.90%) from Krane Funds Advisors in partnership with Mount Lucas tracks the KFA MLM Index, a modified version of the MLM Index benchmark for managed futures investing. The KFA Mount Lucas Index Strategy ETF  invests in 22 futures contracts—11 commodity markets, six currencies and five global bond markets.

The KraneShares CICC China Consumer Leaders ETF (KBUY, 0.69%) tracks the performance of the CICC China Consumer Leaders Index, an index of publicly-traded, China-based companies whose primary business or businesses are in consumption-related industries such as home appliances, food and beverage, and apparel/clothing.  Both new ETFs are listed on the NYSE.

Universal Protocol Alliance Launches Bitcoin Zero Token

The blockchain company coalition Universal Protocol Alliance launched the Bitcoin Zero (BTC0), a wrapper token consisting  of 1 Bitcoin that the coalition says has been rendered carbon neutral by the retiring of 10 tonnes of REDD+ carbon credits in the form of 10 Universal Carbon, UPCO2 tokens. Bitcoin Zero is available for trading on digital money platform Uphold.

— Check out last week’s portfolio product roundup hereJPMorgan Launches Carbon Transition U.S. Equity ETF: Portfolio Products

 


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