Swiss & Global Asset Management has appointed RBC Dexia to provide custody and fund administration to four recently launched actively-managed exchange traded funds (ETFs).
The asset managers four new Luxembourg domiciled JB Smart Equity ETFs are UCITS IV compliant, fully invested in equities and do not use derivatives. The funds are the first active equity ETFs listed on XETRA, a worldwide electronic securities trading system based in Frankfurt, Germany. The funds aim to outperform their benchmarks by combining two proprietary systematic strategies in one portfolio to exploit price trends and valuation anomalies.
RBC Dexia has developed its ETF services globally to meet the evolving needs of their clients and implemented the solution for Swiss & Global by leveraging capabilities in three time zones to deliver the specific requirements for their ETF products.
(JDC)