Northern Trust has been appointed by Harding Loevner to provide ETF servicing solutions for its first U.S. ETF, the International Developed Markets Select Equity ETF. This is believed to be Northern Trust’s first ETF servicing mandate in the U.S., covering custody, fund accounting, fund administration and transfer agency, alongside ETF-specific services such as basket creation,…
Category: ETF
Waystone supports Pictet ETF launch
Waystone, a provider of specialist services to the asset management industry, has supported Pictet Asset Management with the launch of its first European AI Enhanced Equity Active UCITS ETF range. The ETFs are listed on XETRA and Euronext, with further listings on the London Stock Exchange and SIX Swiss Exchange to follow. Waystone is providing…
Invesco expands with NTRS
Northern Trust has been appointed by Invesco to provide administration, custody and depositary services for its new Ireland-domiciled index tracking mutual fund range, Invesco Markets V ICAV. The new fund range is designed to make Invesco’s swap-based (synthetic) approach to index replication available to mutual fund investors in Europe via investment platforms and other institutional…
Myburgh leaves Citi
Gareth Myburgh has left Citi after more than nine years. He was most recently head of platform solutions – Citi Velocity ETF, leading the design and delivery of Citi’s turnkey ETF issuance solution. The future of that platform was placed in doubt after Citi announced earlier this year its intention to “retire” the service after…
Global X selects Citi in Australia
Global X has selected Citi as the new custodian and fund administrator for its Australian ETF business. Global X ETFs was founded in 2008 and has >USD165bn AuM. Global X is a member of Mirae Asset Financial Group with >USD800bn AuM.
Muzinich launches ETF on Waystone platform
Muzinich & Co., a specialist in public and private corporate credit, has launched the Muzinich AAA CLO UCITS ETF, the firm’s first European ETF, which expands access to its established loans, CLO and short duration investment grade capabilities. The ETF has been launched on the Waystone white label platform.
NTRS to expand ETF product coverage
Northern Trust has applied for exemptive relief to offer ETF share classes alongside existing mutual fund share classes for certain adviser series within its two sponsored series trusts: Advisers Investment Trust and Datum One Series Trust. Subject to regulatory approval, the ability to offer ETF share classes alongside mutual fund share classes in a single…
AB expands with BBH
BBH is supporting the expansion of AllianceBernstein’s global ETF platform with the launch of its active UCITS ETF business in Europe. The new ETFs are domiciled in Luxembourg and form part of the existing umbrella structure that BBH already services for AB’s Luxembourg fund range.
Ultimus expands with DF
Ultimus has expanded its long-standing partnership with Donoghue Forlines. In addition to continuing administration services for Donoghue’s mutual funds and variable insurance trusts, Ultimus has extended its scope to include servicing the DF Tactical 30 ETF.
Dimensional selects SS&C
Dimensional Fund Advisors has appointed SS&C to support the launch of ETF share classes of its U.S. multi-class funds. SS&C will provide operational and technology support to facilitate mutual fund share class–to–ETF share class conversions. Dimensional is headquartered in Austin, Texas, and has 15 global offices across North America, Europe, Asia Pacific, and Australia. As…