BNY Mellon Asset Servicing has exceeded $200 billion in exchange-traded fund (ETF) assets under administration, an increase of 46% since the beginning of 2010.
“Rapid innovation, growing investor interest in ETFs, the continuing upturn in the world’s capital markets, and the demonstrated commitment that BNY Mellon has made to the ETF servicing business have all combined to drive this remarkable growth,” says Joseph Keenan, managing director for BNY Mellon Asset Servicing and head of its global ETF services business.
Keenan noted ETFs that track emerging markets indices and those offering exposure to commodities and fixed income instruments were among the fastest growing segments of the global ETF services business. “We expect this trend to continue, he adds. We will work closely with our clients and new sponsors to educate them about the features of ETFs.”
BNY Mellon services 400 products in the US and nearly 500 total separate portfolios worldwide, making it the largest global administrator for ETFs in terms of funds serviced and sponsors supported.