Voya Global Perspectives Market Models (GPMM) ETF Series Makes iShares ETFs Its Exclusive Provider
NEW YORK, Oct. 2, 2017 /PRNewswire/ -- Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today that its Global Perspectives Market Models (GPMM) ETF series has increased its use of iShares ETFs, making iShares the exclusive provider across the entire line-up of ETFs in the GPMM series. The GPMM series provides broad global diversification based on market fundamentals, which involves a tactical asset allocation that helps investors maintain long-term investment discipline.
"The ETF landscape has evolved since the GPMM ETF series was launched nearly five years ago," said Douglas Coté, CFA, chief market strategist, Voya Investment Management and the fund's portfolio manager. "Increased focus on the fund's tax efficiency, quality and performance, led us to expand our partnership with BlackRock as we believe iShares ETFs are best designed to meet our investors' goals."
With approximately $262 million in AUM, as of July 31, 2017, the GPMM ETF Series helps investors build wealth in rising markets and limit losses in bear markets. To accomplish this, the fund was designed to provide a lower cost, globally diversified portfolio with the flexibility to shift into a defensive allocation position to help protect assets from market declines.
"This switch to iShares provides our investors with access to the industry-recognized, cutting-edge ETFs of iShares and also provides our clients with lower fees," added Coté.
Managed by BlackRock, iShares ETFs are used extensively by institutional investors. In addition to other firms, Voya's retail broker-dealer and registered investment advisor, Voya Financial Advisors, Inc., will offer the series to its national network of independent financial advisors.
"We're constantly looking at how we can support our network of advisors so they can focus on helping their clients meet their financial goals," added Andre Robinson, head of advisory services at Voya Financial Advisors. "The adoption of the iShares suite of ETFs reflects our continued commitment to quality and performance, providing great value to both our advisors and their clients."
Media Contact:
Kristopher Kagel
(201) 221-6534
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About Voya Investment Management
A leading, active asset management firm, Voya Investment Management manages, as of June 30, 2017, more than $217 billion for affiliated and external institutions as well as individual investors. With 40 years of history in asset management, Voya Investment Management has the experience and resources to provide clients with investment solutions with an emphasis on equities, fixed income, and multi-asset strategies and solutions. Voya Investment Management was named in 2016 as a "Best Places to Work" by Pensions and Investments magazine. For more information, visit voyainvestments.com. Follow Voya Investment Management on Twitter @VoyaInvestments.
About Voya Financial®
Voya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and protect their savings — to get ready to retire better. Serving the financial needs of approximately 13.6 million individual and institutional customers in the United States, Voya is a Fortune 500 company that had $11 billion in revenue in 2016. The company had $517 billion in total assets under management and administration as of June 30, 2017. With a clear mission to make a secure financial future possible — one person, one family, one institution at a time — Voya's vision is to be America's Retirement Company®. Certified as a "Great Place to Work" by the Great Place to Work® Institute, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible and has been recognized as one of the 2017 World's Most Ethical Companies® by the Ethisphere Institute, as well as one of the Top Green Companies in the U.S., by Newsweek magazine. For more information, visit voya.com. Follow Voya Financial on Facebook and Twitter @Voya.
About BlackRock
BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. At June 30, 2017, BlackRock's AUM was $5.68 trillion. BlackRock helps clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. As of June 30, 2017, the firm had approximately 13,000 employees in more than 30 countries and a major presence in global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company's website at www.blackrock.com | Twitter: @blackrock_news | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock
About iShares
iShares® is a global leader in exchange-traded funds (ETFs), with more than a decade of expertise and commitment to individual and institutional investors of all sizes. With over 700 funds globally across multiple asset classes and strategies and more than $1.5 trillion in assets under management as of June 30, 2017,iShares helps clients around the world build the core of their portfolios, meet specific investment goals and implement market views. iShares funds are powered by the expert portfolio and risk management of BlackRock, trusted to manage more money than any other investment firm.
Disclosures
Past performance is no guarantee of future results.
Investment Risks: All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Emerging Market securities may be especially volatile. The Fund may use Derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses and have a potentially large impact on Fund performance. The Fund is subject to both Credit and Interest Rate Risk. The Fund's share price and yield will be affected by interest rate movements, with bond prices generally moving in the opposite direction from interest rates. Credit Risk refers to the bond issuers and senior loan issuers ability to make timely payments of principal and interest. High-Yield Securities, or junk bonds are rated lower than investment-grade bonds because there is a greater possibility that the issuer may be unable to make interest and principal payments on those securities. To the extent that the Fund invests in Mortgage-Related Securities, its exposure to prepayment and extension risks may be greater than investments in other fixed-income securities. Other risks of the Fund include but are not limited to: Borrowing/Leverage Risks; Debt Securities Risk; Non-Diversification Risks; Other Investment Companies Risks; Price Volatility Risks; Inability to Sell Securities Risks; Securities Lending Risks; and Portfolio Turnover Risks. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.
An investor should consider the investment objectives, risks, charges and expenses of the Fund(s) carefully before investing. For a free copy of the Fund's prospectus, or summary prospectus, which contains this and other information, visit us at www.voyainvestments.com or call (800) 992-0180. Please read the prospectus carefully before investing.
©2017 Voya Investments Distributor, LLC, 230 Park Ave, New York, NY 10169. All rights reserved.
SOURCE Voya Financial, Inc.
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