The Nottingham Company, a U.S.-based fund administrator and private label issuer to the mutual fund and ETF industry, has completed the registration process for its first conversion of an open-end mutual fund to an ETF. Nottingham-affiliated series trust Starboard Investment Trust completed the registration portion of the process recently, with an agreed conversion date of…
Category: ETF
State Street appointed as administrator for Iconic Bitcoin ETN
State Street has been appointed as the administrator of a planned Bitcoin-backed exchange traded note (ETN) issued by Iconic Funds BTC ETN GmbH, a subsidiary of Iconic Funds GmbH. The ETN will be listed on the Frankfurt Stock Exchange, following approval by BaFin, the German securities regulator. State Street will provide administration services to support…
CIBC Mellon wins three new crypto ETF mandates
CIBC Mellon has continued its impressive run of mandate wins in the burgeoning crypto- currency ETF space in Canada. It has been appointed to provide fund administration and ETF settlement services for three new ETFs: the CI Galaxy Ethereum ETF, Evolve’s Ether ETF, and Purpose Investment’s Purpose Ether ETF.
BNY Mellon tapped to provide admin services for new bitcoin ETF
BNY Mellon has been named in the initial registration statement as a service provider for the First Trust SkyBridge Bitcoin ETF Trust, a newly created bitcoin ETF that is currently pending approval by the US Securities and Exchange Commission. After completion of definitive service provider agreements and the SEC’s final approval of the ETF, BNY…
HSBC facilitates launch of two new China-Japan ETFs for Daiwa AM
HSBC has facilitated the listing of two new cross-border ETFs under the China-Japan ETF Connectivity scheme. This allows international investors to indirectly invest in Chinese assets through feeder ETFs listed on the Tokyo Stock Exchange. HSBC provided onshore QFII custody services to enable Daiwa Asset Management Co. Ltd to set up two new ETFs under…
BBH completes conversion of two Guinness Atkinson mutual funds to ETFs
Brown Brothers Harriman has completed the conversion of two open-end mutual funds to ETFs on behalf of Guinness Atkinson Asset Management: Guinness Atkinson Dividend Builder Fund (GAINX) and Guinness Atkinson Asia Pacific Dividend Builder Fund (GAADX). These are the first two mutual funds converted into ETFs in the U.S. BBH has a long-standing relationship with…
Link Group supports re-launch of Switzer FI fund in Australia
Link Group, the Australia-based administrator, and Switzer Asset Management have re-launched the Switzer High Yield Fund as a quoted managed (active ETF) fund, allowing units to be bought and sold on the stock exchange as well as directly from the issuer. This is the first fixed-income quoted managed fund to be launched on the Australian…
Citi to service OFC ETFs for Mirae
Mirae Asset Global Investments (HK) Limited has appointed Citi as OFC custodian and provide fund administration and ETF services for the launch of two OFC ETFs: an inaugural active ETF – Global X China Innovator Active ETF – and a passive ETF – Global X China Global Leaders ETF. Both invest in equities of companies…
State Street opens Fund Connect ETF platform to all issuers
State Street has opened up its Fund Connect ETF platform to support all ETF issuers, regardless of their service provider. The platform was previously only available to issuers serviced by State Street. The Fund Connect platform links APs and issuers. Fund Connect ETF is a global online trading portal for the creation and redemption of…
BP2S to service Harvest’s new ESG ETF
BNP Paribas Securities Services has been appointed to provide fund services for Harvest Global Investments’ new CSI 300 ESG Leaders Index ETF. Services include global custody, fund administration, trustee, transfer agent and participating dealer. Harvest, which has a longstanding relationship with BP2S, is one of the largest Chinese institutional asset managers.