Ubiquity Retirement + Savings Makes ESG Options Available to 401(k) Plans
Ubiquity Retirement + Savings has added environmental, social and governance (ESG) fund options to its 401(k) offerings, allowing plan sponsors to incorporate socially responsible investments into their plan’s fund menus.
Ubiquity’s turnkey ESG investment lineup includes low-cost mutual funds and exchange-traded funds (ETFs) from Vanguard and is currently available for participants in the firm’s Custom(k) and Reserve(k) plans.
“Just like personal values, investment strategies are not one-size-fits all,” says Chad Parks, founder and CEO of Ubiquity. “With our new socially responsible investment portfolio, small business owners can empower employees with the opportunity to save for the future while applying their savings toward the causes they care about most.”
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HSBC Introduces First Multi-Asset Index Powered by AI and Big Data
HSBC today announced the launch of the AI Powered Multi Asset Index (AiMAX) family, the first rules-based multi-asset investment strategy to use artificial intelligence (AI) as a method for constructing a diversified growth portfolio.
The introduction of AiMAX follows HSBC’s launch of AiPEX, the world’s first AI-powered stock index family using IBM Watson
TM. Since going live on August 9, 2019, the AiPEX Total Return Index (AIPEXTR) has outperformed the S&P 500 Total Return Index by 4.79 percentage points.
AiMAX was developed in collaboration with EquBot, the first asset manager to develop an AI-based ETF, and utilizes [url= ]IBM+Watson+Discovery[/url] to retrieve and analyze millions of data points, from both traditional sources such as financial statements and non-traditional sources such as social media posts.