Jackson Launches Portfolio Tool
Jackson National Life Insurance Co. is launching its new Portfolio Construction Tool, an interactive, online solution designed to help advisors build customized investment portfolios based on the individual objectives of their clients.
The new tool is being launched to aid advisors in researching and selecting investment options for each client's portfolio by aggregating historical performance information, subaccount analytics and educational materials on one platform. A variety of interactive filters will give advisors the ability to screen investment options by asset class, portfolio manager, investment style, expenses and performance.
Direxion Launches New ETFs
Direxion, a large issuer of 2x and 3x leveraged ETFs, is launching three 1x products offering daily inverse exposure to fixed-income benchmarks.
Total Bond Market Bear 1x Shares (SAGG) will seek to deliver returns that correspond to -100% of the daily change in the Barclays Capital U.S. Aggregate Bond Index, a basis for many bond ETFs.
Daily 7-10 Year Treasury Bear 1x Shares (TNS) is designed to deliver daily returns equal to -100% of the NYSE 7-10 Year Treasury Bond Index, a benchmark that includes the intermediate term debt of the U.S. government.
The third new product, Daily 20+ Year Treasury Bear 1x Shares (TYBS) is designed to deliver daily inverse exposure to the NYSE 20 Year Plus Treasury Bond Index, which is a benchmark that includes long-dated Treasurys.