New York-based VanEck announced the launch of the VanEck NDR Managed Allocation Fund. Venice, Fla.-based Ned Davis Research will manage the new fund, which will be a fund of funds.
The Managed Allocation Fund will seek capital appreciation by allocation to ETFs that invest in domestic and foreign equities, U.S. debt securities, cash and cash equivalents.
VanEck argues that because passive investing strategies are typically fully invested at all times, they’re hampered by immobility during market downturns. The firm intends the actively managed fund to help investors with their core asset allocation choices, particularly when related to timing.
Lincoln Financial Creates Streamlined Insurance Offerings
Radnor, Pa.-based Lincoln Financial Group has created a series of life insurance products to help agents and representatives streamline their processes and expand their client base.
“Lincoln TermAccel” is a level term insurance product designed for younger clients that allows applicants to bypass underwriting labs through the use of algorithms and automated underwriting, featuring a fully electronic transaction process from application to issuance.
LincXpress is a series of processes designed to make life insurance underwriting more efficient, including a telephone application process, lab-free underwriting opportunities and expanded e-delivery policy options.
Ideally, both launches will make the purchase of life insurance less invasive, cheaper and easier for clients and advisors.