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.
Upon final regulatory approval of the ETF, BNY Mellon will provide ETF basket operations, order taking, fund accounting, fund administration and transfer agency services.
The move by Daiwa AM could revitalise investment activity conducted on the China-Japan ETF Connectivity scheme.
The move represents a major milestone as the active ETF industry looks to compete against a struggling mutual fund market.
Following a consultation with last year’s providers, Global Custodian has also introduced two new categories to the survey.
The custodian said the Fund Connect ETF platform will now be open to support all ETF issuers regardless of their service provider.
The mandate win for one of China's largest investment firms follows BNP Paribas Securities Services’ recent build-out of its ETF capabilities.
The VanEck Bitcoin Trust is one of the most hotly anticipated crypto-tracking ETFs following several attempts by the investment manager to launch the fund.
The mandate for CIBC Mellon follows the recent announcement by its parent company, BNY Mellon, that it would set up a new Digital Assets unit.
The mandate extends Citi’s comprehensive ETF servicing mandate with CSOP Asset Management in the Asia-Pacific region.