Smart beta

The firm plans to charge nine basis points for exposure to a basket of large-cap stocks, lower than any other comparable offering.

In addition to launching new smart beta funds, the firm may look to expand into “a whole host of different asset classes,” according to one executive.

New bond ETFs from the firm use alternative weightings to chase "superior risk adjusted and total returns” compared with market-cap weighted products.

The company made reductions by as much as 20 basis points at the offerings, which total about $204 million in assets.

The firm said they now have lower net expenses than comparable offerings at Vanguard.

Fundamental indexing is drawing more scrutiny, and greater concern about how these indexes are assembled.

Aside from stocks, strong and consistent trends have been hard to come by this year.

The new job will focus on middle-office services like hedge funds, software solutions and the firm’s message and connectivity engine.

The issue comes to down whether the strategy is good at picking stocks primed to rise.

Many new products are great for the industry and not so great for our clients.