Investment Products and Services Launches
Global asset management firm American Century Investments has entered into an agreement with Precidian Investments LLC to license the firm’s ActiveShares methodology in support of the potential launch of actively-managed, semi-transparent exchange-traded funds (ETFs). The Adelante CORE Property Securities Index is designed to serve as a proxy for widely accepted commercial real estate property types. It provides short exposure to the new Solactive-ProShares Bricks and Mortar Retail Store Index. It includes a 100% long position in the ProShares Online Retail Index and a 50% short position in the Solactive-ProShares Bricks and Mortar Retail Store Index.