Products February 22, 2012

Invesco Launches Two High-Beta ETFs

February 22, 2012 (PLANSPONSOR.com) - Invesco PowerShares Capital Management LLC announced the listing of two new ETFs that will provide investors with access to high-beta strategies covering emerging and international developed markets.
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The ETFs are expected to begin trading February 24, 2012 on the NYSE Arca. The two new portfolio names and ticker symbols are: 

  • EEHB PowerShares S&P Emerging Markets High Beta Portfolio; and 
  • IDHB PowerShares S&P International Developed High Beta Portfolio. 

The PowerShares S&P Emerging Markets High Beta Portfolio (EEHB) is based on the S&P BMI Emerging Markets High Beta Index. The fund will invest at least 90% of its total assets in the securities of companies that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor’s and consists of the 200 stocks in the S&P Emerging BMI Plus LargeMid Cap Index that are the most sensitive to changes in market returns (or beta) over the past 12 months. Constituents are weighted by their corresponding beta, with the most sensitive stocks receiving the highest weights.  

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The PowerShares S&P International Developed High Beta Portfolio (IDHB) is based on the S&P BMI International Developed High Beta Index. The Fund will invest at least 90% of its total assets in the securities of companies that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor’s and consists of the 200 stocks in the S&P Developed ex. U.S. and South Korea LargeMid Cap BMI Index that are the most sensitive to changes in market returns (or beta) over the past 12 months. Constituents are weighted by their corresponding beta, with the most sensitive stocks receiving the highest weights.   

Although the funds seek to add beta, there is no assurance that the funds will meet that goal.  

More information is available at http://www.invescopowershares.com.
Deals and People February 22, 2012

Lincoln Financial Names Stable Value Business Leader

February 22, 2012 (PLANSPONSOR.com) – Bill McLaren joined Lincoln Financial Group as Stable Value business leader for the company's Retirement Plan Services Product and Solutions Management team. 
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In this new role, McLaren is responsible for leading efforts to identify and further grow Stable Value opportunities for the retirement plan services business. He is also responsible for Stable Value product development and positioning along with establishing business initiatives for investment only opportunities in the market.

McLaren reports to Eric Levy, senior vice president and head of Retirement Plan Product and Solutions Management.

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McLaren comes to Lincoln with several years of financial services and insurance industry experience. Prior to this role, McLaren was an independent Defined Contribution Stable Value consultant where he focused on expanding the understanding of the stable value asset class within the 401(k), 457, 403(b) and defined benefit markets. He also held several stable value-related positions with Prudential Retirement and was most recently vice president of sales with expertise and specialty knowledge in Stable Value including Guaranteed Interest Contracts (GICs), Institutional Book Value Wraps and Investment Only businesses.  

McLaren holds FINRA series 7 and 63 designations, is life insurance licensed in all 50 states and holds a bachelor’s degree in business administration and a master’s degree from Rider University.

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