HSBC has been appointed trustee for BlackRock’s iShares MSCI Emerging Markets ETF (HK), the first Hong Kong-domiciled master-feeder ETF structure. BlackRock has launched its new feeder ETF after listing on the Hong Kong Exchange. This came after the Securities and Futures Commission (SFC) announced the relaxation of rules for the master-feeder structure, allowing feeder structures…
Category: ETF
Citi supports launch of two L&I ETPs for CSOP AM in Hong Kong
Citi has supported the launch of two new leveraged and inverse (L&I) exchange-traded products by CSOP Asset Management, and will be providing CSOP with custody, fund administration and trustee services. Launched in Hong Kong, the new L&I products track China A-shares and allow investors to invest into the mainland China CSI 300 Index. Citi reports…
BNY Mellon, HSBC appointed as custodians for Chimera’s Shariah ETF
Chimera Capital LLC, an Abu-Dhabi-based asset management firm and subsidiary of Chimera Investments LLC, has launched the Chimera S&P UAE Shariah ETF, a physical, in-kind, liquid and fully fungible ETF. Under the UAE’s Securities and Commodities Authority’s (SCA) fund regime, Chimera Umbrella Fund – the first SCA umbrella fund to be launched in the UAE…
CIBC Mellon to service CI WisdomTree ETFs in Canada
CIBC Mellon has been appointed to provide custody, fund accounting and ETF servicing for CI Financial’s 14 Toronto Stock Exchange-listed CI WisdomTree ETFs, which the company recently acquired. CIBC Mellon already services all of CI Financial’s ETFs. CI Financial is one of Canada’s largest investment companies and, with its acquisition of WisdomTree’s Canadian operations, the…
State Street to service Fidelity’s new semi-transparent ETFs
State Street has been appointed ETF servicing agent for Fidelity Investments’ new range of semi-transparent, actively managed ETFs. Fidelity is the first asset manager to receive regulatory approval for three investment strategies: Fidelity Blue Chip Growth ETF, Fidelity Blue Chip Value ETF, and Fidelity New Millennium ETF, which will be available through Fidelity’s proprietary proxy…
BNY Mellon to service Legg Mason’s first semi-transparent ETF
Legg Mason and its affiliate, ClearBridge Investments, have launched Legg Mason’s first exchange-traded fund using the semi-transparent technology of Precidian Investments LLC, ActiveShares. BNY Mellon has been appointed to provide its new end-to-end digital solution to support the ETF.
BNY Mellon hires Ben Slavin to run global ETFs
BNY Mellon has hired industry maven Ben Slavin as global head of exchange-traded funds for its asset servicing business. Before joining BNY Mellon, Slavin founded Original Six LLC, an independent global consulting business focused on ETFs, digital assets, and innovative product structures. Prior to this, he was head of product and business development at WisdomTree…
Citi to service new family of ETFs for Tuttle Tactical Management
Citi has been appointed by Tuttle Tactical Management to provide full ETF services for its new Trend Aggregation family of four ETFs. Citi’s services include basket creation, fund accounting and administration, custody, fund compliance, and transfer agency services. This new mandate expands Citi’s existing relationship with Tuttle Tactical Management where it has provided fund services…
State Street to service first ETF for Water Island Capital
State Street has been appointed as the ETF servicing agent for Water Island Capital’s first ETF, the AltShares Merger Arbitrage ETF, tracking the Water Island Merger Arbitrage USD Hedged Index. State Street will provide services including basket creation, settlement, custody, fund accounting, electronic order-taking, financial reporting, and transfer agency. State Street has worked with WIC…
Ultimus upgrades distribution platform to include ETF data
Ultimus Fund Solutions, the U.S.-based fund servicing provider, has expanded its Ultimus Distribution Advantage (UDA) program to include platform information for ETFs. Ultimus is introducing the addition of intermediary fee structures and requirements for ETFs by incorporating the details to the intermediary pricing pages already established for ‘40 Act funds on the UDA website. The…