Products March 3, 2008

Firms Offer Values-based SMAs

Parametric Portfolio Associates and IW Financial have teamed up to design customized tax-managed separate accounts strategies for advisers and institutions seeking to incorporate socially responsible, faith-based, terror-free, and other values-based criteria in their investment portfolios.
Reported by

Through the partnership, IW Financial does not deliver investment solutions but rather collaborates with advisers and Parametric to incorporate environmental, social, and governance (ESG) factors into tax-managed index based investment strategies, the announcement said. Any institution which offers Parametric’s investment advisory services will now have access to IW Financials research and consulting services.

“The ability to further customize index-based portfolios is extremely attractive to our advisers,” said Kurt Galley, Vice President – National Accounts at Parametric, in the announcement. “Teaming with IW Financial allows us to build highly efficient investment strategies that reflect the values and beliefs of faith-based clients. Based on our initial conversations with financial advisors there is significant demand for these innovative customized tax-managed solutions.’

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More information is at www.parametricportfolio.com.

Products March 3, 2008

PA Firm Puts Out Three Revenue-Ranked ETFs

A suburban Philadelphia company has launched three exchange-traded funds (ETFs) on the New York Stock Exchange.
Reported by

RevenueShares Investor Services, based in Paoli, Pennsylvania, said that it will rank the three ETFs by top-line revenue, rather than market capitalization.

The new offerings, to be marketed to both institutional and retail clients, include:

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  • RevenueShares Large Cap Fund,
  • RevenueShares Mid Cap Fund, and
  • RevenueShares Small Cap Fund.

According to the announcement, the new offerings will be maintained annually by Standard & Poor’s. The Bank of New York will provide additional investor fund services such as administrator, custodian, and transfer agent, while Foreside Fund Services will serve as the funds’ distributor. The investment adviser for the ETF offerings will be VTL Associates.

More information is available at www.RevenueSharesETFs.com.

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