Putnam Investments Launches Target-Date Fund Tool
Putnam Investments, a global money management firm headquartered in Boston, has officially launched TargetDateVisualizer, an evaluation tool designed to help advisors more accurately analyze target-date fund glide paths.
Plan sponsors can use the tool to select appropriate target-date mutual funds and collective investment trusts (CITs) for inclusion in workplace savings plans, basing the selection on specific risk-tolerance and investment preferences. The tool provides greater insight into the underlying investment glide paths of more than 100 different target-date strategies.
The tool uses an interactive framework that asks a few key questions about the plan participant’s investment philosophy and risk preferences, in both the early and late stages of his or her working life. It then analyzes the glide path of every target-date strategy, in mutual funds or CITs that boast at least a three-year track record (there are 108 vehicles in total at present). The final output provides a detailed analysis that will allow advisors to document the entire review or selection process for their clients.
Crypto Estate Planning Comes To Market
Two Ocean Trust, a Wyoming-chartered trust company, has partnered with Anchorage Digital to offer a first-of-its-kind trust and estate planning solution for crypto asset holders.
Known as the COIN Trust (“COIN” stands for Crypto-Optimized Irrevocable Non-Grantor), the offering brings together the benefits of comprehensive trust and estate planning strategies, managed by Two Ocean Trust, with the secure digital asset custody platforms powered by Anchorage Digital.
The COIN Trust provides many features and benefits specifically tailored to a crypto-investment environment, including multi-signature private key management; institutional-grade trade execution; systematic performance and tax reporting; and access to favorable trust, estate planning and tax laws integrated into a pro-crypto regulatory and legal framework.
Two Ocean Trust is based in Jackson, Wyo. Anchorage Digital is the first federally chartered crypto bank and is headquartered in San Francisco.
WisdomTree Launches Alternative Income Fund
WisdomTree Investments Inc., an exchange-traded product sponsor and asset manager in New York City, is now offering the WisdomTree Alternative Income Fund (HYIN) on the Chicago Board Options Exchange. The fund has an expense ratio of 3.20% before fees and expenses.
The fund seeks to track the price and yield performance, before fees and expenses, of the Gapstow Liquid Alternative Credit Index. Gapstow Capital Partners, a New York City-based boutique investment consultancy focused on opportunities within the alternative credit asset class, created this equal-weighted index to track the performance of the debt and debt-based securities of approximately 35 publicly traded alternative credit vehicles, such as business development companies, REITs and closed-end funds.
As yields have sagged in Treasurys, corporate bonds and equities, the HYIN fund offers potential yield advantages while providing a moderate-to-low correlation to equity and fixed-income markets.