SEI Investments has officially jumped on the ETF bandwagon with a suite of four funds that began trading Wednesday. The large-cap, factor-based strategies are designed to support goals-based wealth management, the company announced Wednesday.
The exchange-traded funds include SEI Enhanced U.S. Large Cap Quality Factor ETF (SEIQ), SEI Enhanced U.S. Large Cap Momentum Factor ETF (SEIM), SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV) and SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV).
“Investors are increasingly looking for investment products that seek to generate positive outcomes, especially amid today’s persistent inflation and market volatility,” Kevin Barr, SEI’s head of investment management, said in a prepared statement.
“Our investment platform is crafted expressly to help meet our clients’ needs and goals, and we are excited to introduce our proprietary, actively managed factor-based investment strategy in a lower-cost vehicle that can help investors achieve their investment objectives,” he said.
SEI said the Factor ETF suite seeks to provide long-term capital appreciation, utilizing a quantitative-based, active stock selection investment strategy to evaluate large-capitalization stocks tailored to each of the respective factors.
The ETFs are optimized to a portfolio with exposure to equity securities corresponding to each relevant factor or outcome, while concurrently managing additional exposures to other factors. The ETFs are actively managed by SEI’s internal investment team and include a 15 basis point management fee.
Todd Rosenbluth, head of research at ETF Trends, said the new SEI funds could be the right product at the right time.
“As the market volatility has increased in recent months, advisers have gravitated to factor ETFs focused on quality and low volatility that provide some downside protection,” Rosenbluth said. “These new ETFs join a field that includes popular ETFs” including iShares MSCI USA Quality Factor (QUAL), Invesco S&P 500 Low Volatility (SPLV) and iShares MSCI USA Minimum Volatility Factor (USMV).
Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
Certain foreign banking agreements could force borrowers to absorb Section 899's potential impact, putting some lending relationships at risk.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
