State Street has gone live in Singapore with Fund Connect ETF, a global primary market ETF portal with access to more than 960 ETFs. Fund Connect ETF is an online fund portal for the creation and redemption of ETFs, designed as a single point of access for sponsors. The portal’s automated order placement solution and…
Category: ETF
BNY Mellon to administer new Grayscale European ETF
BNY Mellon in Ireland has been appointed as custodian and administrator for Grayscale’s first European ETF, launched through the HANetf platform, for which BNY Mellon provides custody and administration. The Grayscale Future of Finance UCITS ETF (GFOF) will list on the London Stock Exchange, Deutsche Börse and Borsa Italiana and will be available to investors…
State Street to administer crypto ETF in Australia
K2 Asset Management has appointed State Street Australia Limited as the fund administrator and custodian in Australia for the Cosmos Purpose Bitcoin Access ETF (Cboe: CBTC), Australia’s first cryptocurrency ETF ultimately backed by physically settled Bitcoin. CBTC’s underlying asset is the Purpose Bitcoin ETF which is managed by Purpose Investments and quoted on the Toronto…
HSBC hires ETF specialist
HSBC has hired Rob Rushe as global product head for ETF servicing, based in Dublin. Rushe joins from CACEIS, where he spent less than a year. He has previously worked at BNY Mellon, State Street and Northern Trust.
RBC wins ETF mandate for Evermore
RBC Investor & Treasury Services has been named custodian by Evermore Capital Inc. for Canada’s first target date ETFs, eight of which were launched in February. RBC I&TS will also provide ETF accounting and administration services. This is a new relationship with Evermore, a Canadian asset management company currently focused on retirement ETFs. Myron Genyk,…
BNY Mellon adds ETF servicing capabilities
BNY Mellon has launched its ETF Intelligent Basket Builder and ETF Asset Flow Analytics Dashboard, its latest services to support the growth and digitisation of the ETF operating model. BNY Mellon now services >USD1.25trn in ETF assets, The ETF Intelligent Basket Builder, part of BNY Mellon’s ETF Center and available on its NEXEN portal, provides…
R Cubed selects Ultimus
Ultimus Fund Solutions, a U.S.-based provider of fund administration, accounting, middle office, and investor solutions, has been appointed by R Cubed Global Capital, LLC to help launch a global ETF, (GDVD). R Cubed Global Capital focuses on seeking a balance between performance and volatility. Ultimus claims to be the third largest named ETF administrator in…
State Street wins NB ETFs
Neuberger Berman, the U.S.-based independent investment manager, has launched its first-ever actively managed ETFs. Managed by Neuberger Berman, the ETFs are an extension of the firm’s thematic equity investment capabilities utilising traditional fundamental equity research along with alternative data capabilities and consideration of material ESG factors. Each fund has selected State Street as custodian for…
CIBC Mellon wins Forstrong mandate
Forstrong Global, the Canada-based asset manager, has appointed CIBC Mellon to provide asset servicing and digital solutions, including custody, accounting, recordkeeping, securities lending, financial statement preparation, investment data access and tax reporting. Established in 2001, Forstrong runs actively managed ETFs to capitalise on macroeconomic, geopolitical and other world trends for some of Canada’s largest financial…
Capital Group selects State Street for new ETF range
Capital Group, the U.S. manager with USD2.7trn AuM, has appointed State Street as custodian, transfer agent and administrator for its first suite of active, transparent ETFs, recently listed on the New York Stock Exchange. The six ETFs include one fixed income core plus income strategy, three equity strategies that invest primarily in the U.S., and…