Asset managers accelerate semi-transparent ETF fund launches
Nuveen and Putnam Investments have both launched their first actively managed, semi-transparent ETFs using the proxy model.
Nuveen and Putnam Investments have both launched their first actively managed, semi-transparent ETFs using the proxy model.
State Street reached its latest milestone of providing services to over $5 trillion of global ETF assets. Frank Koudelka, State Street’s ETF product specialist, details the recent changes the bank has made to its ETF servicing model.
In day two of Global Custodian’s Leaders in Custody Week, industry experts explained how ETF servicers are filling an important role to facilitate innovation.
At the core of JP Morgan’s ETF servicing strategy has been a multi-year programme to enhance its technology and provide near real-time data.
Over the past year, State Street has established itself as the provider of choice for the active ETF market.
The redesign of its ETF servicing platform will enable it to support future demand for active and semi-transparent ETFs from European asset managers.
The ETF market is experiencing significant change with the migration of mutual funds to actively managed ETFs, as well as innovation in new product types. Shawn McNinch, global head of ETF product and sales, and Ryan Sullivan, head of US ETF services at BBH, explain how custodians and fund administrators are adapting.
The move represents a major milestone as the active ETF industry looks to compete against a struggling mutual fund market.
Brown Brothers Harriman is working with Guinness Atkinson Asset Management for the first conversion of two mutual funds to become active ETFs.