Schwab Launches 2 Custom-Built Variable Annuities: Portfolio Products

The ETF invests in 50 companies that are “at the forefront of the move to a circular economy from a linear one,” the firm says. Companies now have the ability to “address environmental and sustainability priorities, drive innovation, and push for competitiveness, while generating growth,” Direxion says.

WWOW tracks the Indxx US Circular Economy Index, which includes 50 U.S.-listed companies that are “representative of the transformative shift from the linear model of economy to a circular one,” according to Direxion. The index includes 10 companies representing five sub-themes: sustainability of resources, resource recovery, life cycle extension, sharing platforms, and product as a service and includes companies involved in biofuels, solar power, and waste management along with collaboration and content sharing platforms.

Proteus Widens Alternative Offerings

Alternative asset specialist Proteus has added new model portfolios and pooled funds to its platform for RIAs, multi-family offices, independent broker-dealers and private banks.

In addition to the 35 individual funds already on the Proteus platform, including private equity, private credit, real assets and hedge funds, the platform now also includes the following, with no access fees:

• 3 Model Portfolios — conservative, moderate and aggressive — offering broad exposure to private equity, private credit, real assets and hedge funds
• Sub-Asset Class Pools, including core and non-core private credit, private equity and real asset strategies, and directional and absolute return hedge funds

“Wealth managers can use the models and pools to simplify the creation and management of diversified alternative investment portfolios,” according to the company, which is also an RIA.

Proteus and its research partner, Callan, “selected and vetted institutional managers and strategies for each model and asset-class pool, significantly reducing the amount of time advisors need to spend researching and conducting due diligence,” Proteus says.

In conjunction with the expanded platform, Proteus has also “significantly enhanced its Advisor Education Portal, to ensure advisors using the technology are fully equipped to be knowledgeable and effective stewards of their clients’ investments,” it says.

— Check out last week’s portfolio product roundup here: Sound Income Strategies Launches ETFs for Retirees: Portfolio Products