U.S. Bank has been appointed to provide fund administration, transfer agency and global custody services for Pacer Financial’s three new European ETFs, which are the European version of three of Pacer’s Cash Cows strategies: Pacer Global Cash Cows Dividend UCITS ETF; Pacer US Cash Cows 100 UCITS ETF; and Pacer Developed Markets International Cash Cows…
Category: ETF
U.S. Bank hires ETF CCO
U.S. Bank has hired Josh Jacobs for the newly created role of chief commercial officer for ETFs. He will be responsible for all aspects of the business development and relationship management coverage of the ETF business. Jacobs brings more than 20 years of financial services experience, most recently at J.P. Morgan, where he was head…
ULTUMUS partners with Calastone
ULTUMUS has integrated Calastone’s ETF servicing technology with ULTUMUS’ COSMOS ETF creation/redemption platform. The integration allows a full, front-to-back deployment for fund managers and asset servicers to centralise and streamline the entire ETF process, from order capture and approval through order management, cash confirmation, settlement, and reporting. ULTUMUS claims to be the largest PCF calculation…
State Street to service new DWS ETPs
State Street has been appointed to provide administration services to the two new ETPs issued by DWS: the Xtrackers Galaxy Physical Bitcoin ETC Securities (XXBT) and the Xtrackers Galaxy Physical Ethereum ETC Securities (XETH), both of which are listed on Deutsche Börse. State Street will work alongside Zodia Custody and Coinbase, which have been appointed…
ETC consolidates with Zodia
The ETC Group, a Germany-based digital asset ETP issuer, has formed a partnership with Zodia Custody, which will see a migration of assets from existing ETC Group products — including the recently launched ETC Group Ethereum Staking ETP (ET32) — to Zodia. In 2023 ETC appointed Komainu as custodian for its first index ETP and…
Perennial expands with SS&C
Perennial Partners, an Australian asset manager, has retained SS&C for unit registry services. SS&C will provide a range of services to Perennial’s investors across all fund types, including active ETFs, unlisted and dual-listed funds, and private equity. Previously, SS&C serviced unlisted and dual-listed funds for Perennial Partners. After a market evaluation process, Perennial expanded its…
Eagle appoints BK for first ETF
BNY Mellon has been appointed as administrator for the Eagle Capital Select ETF, the first ETF launched by Eagle Capital Management, a U.S. manager with USD20bn AuM. The launch is notable because Eagle converted a USD1.8bn separately managed account (SMA) to create the ETF, thought to be the largest such conversion to date. Eagle used…
BNPP wins ETF mandate in Asia
BNP Paribas has been appointed as custodian and administrator for the newly launched Phillip-China Universal MSCI China A 50 Connect ETF which will be listed on the Singapore Exchange (SGX). This ETF aligns with the recently established ETF product link between SGX and the Shanghai Stock Exchange (SSE).
Absolute expands with Ultimus
Absolute Investment Advisers has expanded its relationship with Ultimus Fund Solutions to support a diverse slate of investment products. Over the past three years, Absolute has been enhancing its product lineup, launching an ETF along with the transition of four mutual funds and a hedge fund from another service provider to Ultimus. Absolute has c.…
SEI to support Cullen’s first active ETF
Cullen Capital Management has selected SEI’s Advisors’ Inner Circle Fund as its operational platform for the Cullen Enhanced Equity Income ETF (NYSE:DIVP), its first active ETF.