State Street has launched a FIX API for its Fund Connect ETF platform, its global online portal for the creation and redemption of ETFs within the firm’s GlobalLink product suite. The FIX enhancement, now available to all participants on the platform, offers connectivity and electronic communication through an industry protocol widely used in electronic trading.…
Category: ETF
CACEIS strengthens ETF offering
CACEIS has strengthened its ETF solution through a new partnership with ETF index and data specialist, ULTUMUS, which will become its portfolio composition file (PCF) solution provider. Adding PCF capabilities through ULTUMUS now means that CACEIS is a one-stop-shop. It removes barriers to access the market and facilitates the launch of ETF funds for new…
Ultimus supports Kovitz conversion
Ultimus Fund Solutions, an independent provider of fund administration, accounting, and investor solutions, has worked with Kovitz Investment Group Partners, LLC on its launch of an actively managed ETF. The project involved oversight of the custody and accounting conversion of >USD640m in assets from multiple custodians, recordkeepers, and transfer agents, coordination with market participants and…
Ultimus supports OneAscent ETF launches
Ultimus Fund Solutions, a U.S.-based independent provider of fund administration, accounting, and investor solutions, is working with OneAscent Investments to launch multiple ETFs through a series trust structure. OneAscent provides values-aligned, faith-driven solutions to advisers and investors.
DWS moves ETFs to Clearstream
DWS, Germany’s largest retail asset manager, has migrated its Xtracker I and II range of ETFs to an international issuance and settlement structure through Clearstream. Xtrackers are DWS’s range of ETFs ad ETCs listed across 11 exchanges, covering core benchmarks, ESG, emerging markets, currencies, strategic beta and commodities.
First Manhattan launches active ETF
First Manhattan Co. appointed Ultimus Fund Solutions to assist the firm in launching its first actively managed ETF. First Manhattan is an independently owned and operated investment advisory firm currently managing >USD20bn. The firm recently launched the FMC Excelsior Focus Equity ETF (FMCX), which utilises Precidian Investments’ proprietary actively managed ETF structure, ActiveShares.
Equity Trustees wins ETF Sharia mandate
Equity Trustees, the Australia-based administrator, has been appointed responsible entity for two exchange-traded Sharia-compliant funds spanning equity and property. They are believed to be the first Sharia-compliant ETFs on the ASX. The ETFs are listed versions of two managed funds launched earlier this year by Australian-based investment manager, Hejaz Asset Management.
BNP Paribas to support Fineco’s ETF range
BNP Paribas has been selected by Fineco Asset Management (FAM) to provide a full range of banking services for its equities and fixed income ETFs listed on the Italian Stock Exchange. FAM, an Irish UCITS management company wholly owned by Italian bank FinecoBank S.p.A., has entered the ETF market with a range of Ireland-domiciled funds.…
Ultimus supports MF conversion to ETF
Ultimus Fund Solutions, the U.S.-based independent provider of fund administration, accounting, and investor solutions, has supported the conversion of the Conductor mutual fund to an ETF. in its role as accounting agent, administrator, distributor and chief compliance officer, Ultimus partnered with IronHorse Capital, a longstanding client, to facilitate this conversion. Converting to an ETF allows…
Apex to support EQONEX Lux platform
Apex has been appointed to provide corporate, administrative and trustee services to the Luxembourg platform of EQONEX Limited, the NASDAQ-listed digital assets financial services company. Apex will provide SPV administration and trustee services for the platform. EQONEX provides institutional grade infrastructure and a suite of trading, custody and asset management solutions to clients. EQONEX’s ecosystem…