Products September 14, 2010

Prudential Unveils IPS Scorecard

 

Prudential Investments has launched IPS Scorecard, a tool that helps financial advisers and their plan sponsor clients assess whether their fund lineups meet the criteria in their investment policy statements (IPS).

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The IPS Scorecard provides institutional-quality reports that measure a range of selected criteria, including performance risk measures, portfolio manager tenure, expense ratios and others, according to a press release.

“Helping plan sponsors to employ and document good decision-making processes as they choose investment options for their organizations’ retirement plans may be the most important service a financial adviser can provide. That goes a long way to helping these clients address their fiduciary responsibilities,” said  Michael Rosenberg, who leads Prudential Investments’ defined contribution plan selling efforts.

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For more information, advisers may call the Prudential Investments Sales Desk at 800-257-3893 and view a sample IPS Scorecard on the password-protected section of the company’s Web site at http://www.prudentialfunds.com.

 

Products September 14, 2010

SSgA Launches Global Natural Resources ETF

 

State Street Global Advisors (SSgA) has announced that the SPDR S&P Global Natural Resources ETF (Symbol: GNR) began trading on the NYSE Arca on Tuesday.

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The exchange-traded fund’s annual expense ratio is 0.40%.  

According to the announcement, GNR is designed to provide investors with diversified, global exposure across the Energy, Metals and Mining, and Agriculture sectors, and it seeks to track the performance of the S&P Global Natural Resources Index.  The Index includes ninety of the largest publicly-traded companies in global natural resources and commodities businesses.    

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In addition to being listed on a developed market exchange, Index constituents must have a minimum of $1 billion market capitalization and a three month average daily trading value of $5 million or more.    

“The SPDR S&P Global Natural Resources ETF was developed in response to demand from sophisticated investors and financial advisers seeking precise natural resources exposure that is not overweight on the energy sector,” said James Ross, senior managing director at SSgA, in the announcement.  

Index holdings are equally-weighted across the energy, metals and mining, and agriculture sectors.    

 

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