Northern Trust has been appointed by Sydney-based Platinum Asset Management to provide comprehensive asset servicing solutions across its Australian funds. Platinum Asset Management focuses on global equities and has approximately AUD11bn (USD6.8bn) AuM. Under the terms of the new mandate, Northern Trust will provide custody, fund administration, regulatory reporting, investment operations outsourcing, ETF administration and…
Category: ETF
Frontier launches on SEI platform
Frontier Asset Management, a U.S.-based firm, has selected SEI’s Advisors’ Inner Circle Fund series trust as its operational platform to launch six new active ETFs.
Komainu wins CoinShares ETF mandate
Komainu, the C.I.-based digital asset service provider and custodian which is backed by Nomura, has been chosen by CoinShares as custodian for the SEC-approved CoinShares Valkyrie Bitcoin Fund. CoinShares acquired Valkyrie Funds LLC earlier this year as part of its expansion into the U.S. market. This acquisition included the sponsor rights to the Valkyrie Bitcoin…
Brown Advisory selects SEI ETF platform
Brown Advisory has selected SEI’s Advisors’ Inner Circle Fund series trust as its operational platform to launch the Brown Advisory Flexible Equity ETF, the firm’s first ETF. The ETF was created through the conversion of taxable SMAs.
3EDGE selects SEI for ETF launches
3EDGE Asset Management has selected SEI’s Advisors’ Inner Circle Fund (AIC) series trust as its operational platform to launch four new NYSE-listed ETFs. AIC recently reached USD100bn in net assets, supporting 47 clients and 128 funds.
WisdomTree returns to BNY
BNY has been appointed by WisdomTree to provide custody, accounting, fund administration, ETF services and securities lending across its U.S.-listed ETFs, covering USD80.7bn AuM. BNY has also been awarded fund accounting and administration of WisdomTree’s Bitcoin ETF and suite of tokenised funds. The outgoing provider is State Street, which took the mandate from BNY over…
Waystone to service Avantis ETFs
Waystone, a European provider of specialist services to the global asset management industry, has been appointed as ManCo by American Century Investments for its first European ETFs. The two UCITS ETFs – Avantis Global Small Cap Value UCITS ETF and Avantis Global Equity UCITS ETF – have been launched under American Century’s quantitative investment unit,…
U.S. Bank adds to ETF management team
U.S. Bank has hired Lisa Korbas as head of ETF relationship management within its global fund services division. In this newly created role, Korbas will be responsible for developing, maintaining, and executing relationship strategy. She reports to Josh Jacobs, who was named chief commercial officer for ETFs earlier this year. Korbas brings 15 years of…
Ultimus supports PlanRock’s ETF launches
Ultimus Fund Solutions has assisted PlanRock Investment Management with the launch of its first two actively managed ETFs. PlanRock appointed Ultimus as fund administrator to help expedite the launch process and expand its product offerings to investors.
Direxion appoints SS&C for distribution support
Direxion, a provider of tradeable and thematic ETFs, has selected SS&C ALPS Distributors to provide medallion distribution services for its ETF and mutual fund range. Direxion manages more than USD40bn across a diverse suite of leveraged and inverse ETFs and mutual funds. SS&C ALPS Distributors will act as the underwriter and distributor for issuance, redemption…