HSBC has been appointed by CSOP Asset Management, the Chinese asset manager, as service provider for the CSOP Saudi Arabia ETF, Asia’s first ETF tracking the performance of Saudi Arabian equities.
Category: ETF
Paret joins ULTUMUS
Guillaume Paret has joined ULTUMUS, the provider of ETF and Index data services that is owned by SIX, as senior business development manager. He was previously at MSCI.
GMO launches first ETF
GMO, a U.S.-based investment manager, today launched its first exchange-traded fund, the GMO U.S. Quality ETF (NYSE: QLTY). QLTY was launched in partnership with the new Goldman Sachs ETF Accelerator, a digital platform that enables Goldman Sachs’ clients to quickly and efficiently launch, list, and manage ETFs. State Street has been appointed as administrator.
ULTUMUS onboards VanEck
COSMOS, the create/redeem platform from ETF fintech and data provider, ULTUMUS, has onboarded VanEck, the U.S.-based ETF provider. VanEck is adopting the ULTUMUS COSMOS platform for managing create/redeem orders for its crypto products.
HSBC launches ETF platform
HSBC has launched ETF Platform Solutions, its new end-to-end platform providing asset servicing solutions to ETF issuers globally. Under a single offering, ETF issuers will have access to HSBC’s markets & securities services capabilities, such as: ETF order management, PCF production, and custom ETF NAV attribution analysis; AP services including ETF seeding and HSBC’s ETF…
Ultimus supports launch of Beacon ETFs
Ultimus Fund Solutions, a U.S.-based provider of fund administration, accounting, and investor solutions, has supported Beacon Capital Management in the launch of its first series of ETFs. Beacon, an investment advisory firm managing c. USD5.1bn and specialising in delivering separately managed account (SMA) strategies to the independent RIA, broker-dealer, and regional bank channels, sought diversification…
State Street launches ETF portal in Australia
State Street has launched its Fund Connect ETF Portal in Australia. The portal offers online access for the creation and redemption of ETFs. This follows the 2022 launch of the platform in Singapore. Fund Connect ETF acts as a conduit between APs and issuers globally. It provides a single point of access to approximately 1,100…
BBH strengthens EMEA sales team
Brown Brothers Harriman has expanded its investor services sales team in Europe. David Murphy and Andrea Murray join BBH as European business development managers for alternatives and ETFs respectively, while Holly Gardner takes on the role of head of business development for Luxembourg. Murphy joins BBH’s alternatives team after most recently leading business development at…
State Street to service abrdn’s European ETF
State Street has been appointed by abrdn, the UK-based asset manager with GBP500bn (USD643bn) AuM, to service its first actively managed ETF in Europe, the abrdn Global Real Estate Active Thematics UCITS ETF. State Street will provide abrdn with custody, fund accounting, order-taking, transfer agency and ETF servicing.
BNPP partners with ULTUMUS
ULTUMUS, the ETF fintech owned by SIX Group, is forming a strategic partnership with BNP Paribas’s securities services business for ETF servicing agent capabilities. As part of the partnership, BNPP will leverage ULTUMUS’ create/redeem COSMOS platform. The COSMOS platform has been selected to handle the lifecycle of the bank’s ETF-related operations, from approving new creation…