Product & Service Launches – 5/28/2026

PGIM Launches Actively Managed Core Equity ETF

PGIM, the global asset management business of Prudential Financial Inc., launched the PGIM Jennison U.S. Core Equity ETF, an actively managed exchange-traded fund that aims to provide investors with access to a diversified U.S. equity portfolio.

The new fund is sub-advised by Jennison Associates, an investment group within PGIM that specializes in fundamental active equity and fixed income strategies.

The ETF is comprised of a roughly 100-stock core portfolio and is listed on the CBOE BZX exchange.

MetLife Introduces Flexible Annuity Option to Guaranteed Income Offering

MetLife Inc. added a three-year cancellation option to its immediate income annuity, the MetLife Guaranteed Income Program.

Defined contribution plan participants converting retirement savings into guaranteed income can cancel their annuity within the first three years of receiving payments and receive a refund of premiums paid, minus benefits already received. The option has no cancellation or surrender fees.

Dimensional Fund Advisors Partners With SS&C on Active ETF Share Class

Dimensional Fund Advisors partnered with SS&C Global Investor & Distribution Solutions, a division of SS&C Technology Holdings Inc., to support the launch of Dimensional’s exchange-traded share classes of its U.S. multi-class funds.

SS&C will provide operational support to facilitate mutual fund share class-to-ETF share class conversions, including through calculation, reconciliation and shareholder coordination.

Dimensional’s U.S. Micro Cap ETF, the firm’s first ETF of an existing fund, began trading at the end of March. The U.S. Small Cap Growth ETF share class began trading on May 6.

Hightower Adopts Zocks AI Assistant

Hightower, a wealth management firm, adopted Zocks, an artificial intelligence assistant for financial services, for Hightower’s advisers.

Hightower advisers can use Zocks to capture information from client conversations, convert it into structured data and sync it across financial planning and portfolio management tools, as well as systems such as Salesforce.

Dispatch Launches Software to Move Advisers, Client Assets Between Firms

Dispatch, a data orchestration provider for wealth management firms that is formally registered as OneAdvisory Inc., launched Advisor Transitions, a software tool designed to help transition advisers, client accounts and assets between firms.

Built on Dispatch’s platform, Transitions takes unstructured client data from source systems and documents, standardizes and cleans it, and leverages artificial intelligence to merge, match and reconcile records across custodians, customer relationship management systems and financial planning tools, according to a statement from the firms. According to the announcement, the software reduces onboarding time from five hours to roughly 30 minutes and minimizes not-in-good-order rates by 90%.

Direxion Launches 4 Digital Asset, Precious Metal ETFs

Direxion launched four exchange-traded funds designed to provide investors with exposure to digital assets and precious metals: Direxion Daily Bitcoin Bull 2X ETF (ticker BTCU); Direxion Daily Ether Bull 2X ETF (EVMU); Direxion Daily Gold Bull 2X ETF (UGLD); and Direxion Daily Silver Bull 2X ETF (USLV).

“BTCU and EVMU give traders … daily leveraged pure swap spot exposure on digital assets driven by ETF flows, the halving cycle and regulatory momentum,” said Mo Sparks, Direxion’s chief product officer, in a statement. “UGLD and USLV do the same for precious metals, where central bank buying, real rate sensitivity, and the gold-silver ratio are generating directional opportunities.”