BNP Paribas securities services will be supporting Phillip Capital Management, in collaboration with China Universal Asset Management (CUAM), which has just launched the ETF.
The new offering aims to enhance functionalities to boost the scalability for ETF users within the asset management industry.
Research from Coalition of the top dozen custody banks paints a picture of the revenue and margin struggles facing an industry in flux.
New solution includes new fixed-income ETF capabilities and a no-touch process which provides increased operational efficiency and balance sheet relief.
The firm will use BNY Mellon for ETF services and transfer agency upon the anticipated conversion of the $22 billion fund.
The move of this size has been described as pioneering, with many other fund managers also looking to transition into the ETF space.
In day two of Global Custodian’s Leaders in Custody Week, industry experts explained how ETF servicers are filling an important role to facilitate innovation.
Role will see a focus on advancing the company’s technology innovation, including further building capabilities in digital, crypto and other digitally-led technologies.
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.