Brinker Capital has launched its Destinations ETFh Investment Program, which blends exchange-traded funds (ETFs) and mutual funds that advisors can use to implement a diversified asset allocation strategy for their clients.
This hybrid approach leverages the best of what ETF’s and Mutual Funds offer to provide advisors with a highly cost-effective option to seek consistent risk-adjusted returns and downside protection over time.
The Destinations ETFh portfolios are based on Brinker Capital’s multi-asset class investment philosophy, which includes six asset classes: US equity, international equity, listed private equity, fixed income, absolute return and real assets. Expanding beyond Destinations’ exclusive use of mutual funds, Destinations ETFh introduces ETF’s to provide exposures in more efficient asset classes, more direct or concentrated exposures, and niche strategies not available in a mutual fund format. Destinations ETFh uses actively managed funds where viable ETF options are not available, for less efficient asset classes, and any other areas consistently successful active managers can provide a significant advantage.
“As we celebrate 20 years of investment success with Destinations, we are responding to the continuing evolution of markets by expanding the product line underneath the Destinations brand,” says Noreen D Beaman, Chief Executive Officer of Brinker Capital. “We couldn’t think of a better partner or venue to announce this news than at the Envestnet 2015 Advisor Summit which is a meeting that is so deeply committed to helping advisors grow their practices.”
“In order to be successful, advisors need the right tools,” says Bill Crager, President, Envestnet. “Brinker Capital is building on Destinations long-standing track record through the introduction of the kind of tool that directly addresses a need within the Envestnet community. We are proud to be Brinker Capital’s partner in bringing it to market.”
The Destinations ETFh asset allocation strategies include: Defensive, Conservative, Moderately Conservative, Moderate, Moderately Aggressive, Aggressive and Aggressive Equity. The Destinations ETFh portfolio management team implements a rigorous investment process rooted in solid research.
“We are often early adopters of untapped opportunities around the world,” says Jeff Raupp, Senior Investment Manager at Brinker Capital. “Our investment opportunities will include blending exchange traded funds and actively managed mutual funds. Because market conditions can change in the blink of an eye, we need to take an active approach to investing, which may mean capitalising on inefficiencies, adapting investing styles or implementing new strategies to take advantage of new market opportunities.”