Gabelli Funds to leverage BNY Mellon OMNI for new active ETF launch
The new fund will leverage BNY Mellon’s OMNI platform for integrated custody, accounting, administration and ETF services.
The new fund will leverage BNY Mellon’s OMNI platform for integrated custody, accounting, administration and ETF services.
The new launch expands Citi’s existing relationship with Tuttle Tactical Management where it has provided fund services to its ETF since 2019.
Dimensional recently announced plans it would convert six of its mutual funds into actively management, semi-transparent ETFs.
The mandate means State Street now services all four types of the semi-transparent, actively managed ETF structure.
AuM in global active ETFs have increased significantly over the past few years, growing from under $60 billion in 2016 to over $180 billion as of June 2020.
The active ETF market continues to grow, as does State Street’s ETF servicing business through new mandate wins.