ByAllAccounts Earns Portfolio Patent
ByAllAccounts Inc., Boston, has been awarded a patent for its Financial Portfolio Management System and Method. The new system is designed to gather information from thousands of sources and deliver it in a usable form to financial advisors' back offices. The service is focused on advisors' need for consistent and complete data.
Nuveen Offers Two New Funds
Nuveen Investments, Chicago, a diversified investment services provider, is launching the Nuveen Tradewinds Emerging Markets Fund and the Nuveen Tradewinds Global All-Cap Plus Fund.
The Emerging Markets Fund seeks long-term capital appreciation. The Global All-Cap Plus Fund adds shorting capability to the Tradewinds Global All-Cap Fund. The Global All-Cap Plus Fund also seeks long-term capital appreciation as its investment objective using the MSCI AC World Index as its benchmark.
Dow Jones Offers New ETF
The Dow Jones EURO STOXX 50 Index is being licensed to Credit Suisse AG to serve as the basis for a new exchange-traded fund, Xmatch (IE), available on the SIX Swiss Exchange.
The Dow Jones EURO STOXX 50 Index is designed to avoid currency risk by including only euro zone countries. It is also designed to provide liquidity, transparency and a rules-based methodology.