The Bank of New York has been appointed servicer and sub-advisor for six new WisdomTree earnings-weighted exchange traded funds (ETFs) that are listed on the American Stock Exchange.
The bank will provide worldwide custody, accounting, fund administration and specialized ETF services, as well as serve as sub-advisor for each of the new ETFs.
“The Bank of New York is a valued partner and played an important role in supporting the introduction of Wisdom Tree’s ETFs to investors,” says Jonathan Steinberg, chief executive officer of WisdomTree Investments. “We are excited to expand our relationship with our new earnings-weighted funds.”
“The expansion of our relationship with WisdomTree is further evidence of our leadership role as well as our commitment to partnering with clients to bring new products to market quickly and effectively,” says Edward McGann, managing director and head of U.S. client relationship management at The Bank of New York.