The mandate includes a bundled package across fund administration, depositary and custody on HSBC's growing European ETF servicing platform.
The new ETF follows a ruling from Hong Kong’s SFC which relaxes rules for the master-feeder regime in the territory.
BNY Mellon will provide global custody for the first sub-fund tracking a Shariah compliant index in conjunction with S&P Dow Jones indices.
European asset managers in Ireland are faced with the challenge of moving to alternative ETF issuance and settlement models in order to limit the impact of Brexit.
In Global Custodian’s inaugural ETF administration survey, service providers face increasing demands to mature and scale services for this fast-growing market.
CIBC Mellon will provide custody and fund accounting services to 14 CI WisdomTree ETFs with $1 billion in assets under management (AuM).
Fidelity is the first asset manager to receive regulatory approval for three semi-transparent ETF products using its own proprietary proxy basket methodology.
Responsibilities for JP Morgan's US custody and ETF product development will be taken on by the bank's head of global custody.
With some of the world's largest ETF issuers launching new semi-transparent products, custodians and fund administrators are in a unique opportunity to bridge the gap between the active and passive investment community.