According to the announcement, the ETF capability in Scorecard enables fiduciaries to better select and monitor these investment vehicles. By developing a series of standardized benchmarks and peer groupings, RPAG’s investment research team programmed Scorecard’s 10-point system to encompass the unique characteristics of ETFs in 20 categories, producing a tool for 401(k) fiduciaries to qualify and quantify ETFs for fitness in plan portfolios.
“Style and tracking play pivotal roles in our [ETF] analysis. We use returns-based optimization analysis to determine actual investment behavior of ETFs, which can perform quite differently than the underlying index,” explained Jeff Elvander, CFA, Chief Investment Officer for RPAG, in the announcement.
Retirement Plan Advisory Group is a practice management platform dedicated to defined contribution advisers in the U.S. with 256 member firms, totaling 600 advisers in 46 states, serving 15,000 sponsors and with $39 billion in assets under management.
More information is at http://www.retirementplanadvisorygroup.com.
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