Products & Services Launches

Nasdaq Unveils Private Capital Indexes

Nasdaq announced the launch of its Private Capital Indexes, a new benchmark suite aimed at bringing standardized measurement and transparency to the historically opaque private markets sector.

Built from data representing more than 14,000 institutional private market funds and more than $11.4 trillion in global assets under management, the indexes provide rules-based benchmarks across private equity, venture capital, private debt, real estate and other private capital strategies.

MissionSquare Introduces Self-Directed Brokerage Accounts for Retirement Health Savings Plans

MissionSquare announced the launch of self-directed brokerage accounts for its retirement health savings plans, expanding investment options for participants across nearly 1,200 employer plans.

The new offering allows participants in MissionSquare’s health savings account product to access a broader range of investments beyond the plan’s core lineup, including mutual funds, exchange-traded funds, individual stocks and fixed-income securities. The move comes as rising health care costs remain a pressing concern for retirees, with recent industry research showing that approximately four out of 10 retirees report higher-than-expected medical expenses.

Fidelity Launches 2 CLO ETFs, Waives Fees for First Year

Fidelity Investments launched two active exchange-traded funds providing access to the collateralized loan obligation market: Fidelity AAA CLO ETF (FAAA) and Fidelity CLO ETF (FCLO). Both funds are now available through Fidelity’s online brokerage platforms and listed on the Nasdaq Stock Market.

The ETFs are designed to generate income through CLO investments, with FAAA focusing on AAA-rated CLOs and FCLO investing primarily in CLOs rated from BBB+ to B- or equivalent. Management fees will be waived for the first 12 months, after which FAAA will carry a 0.20% expense ratio and FCLO a 0.45% expense ratio.