Tag: mutual funds
State Street reached its latest milestone of providing services to over $5 trillion of global ETF assets. Frank Koudelka, State Street’s ETF product specialist, details the recent changes the bank has made to its ETF servicing model.
The move of this size has been described as pioneering, with many other fund managers also looking to transition into the ETF space.
Two mandates make the custodian the first foreign bank to execute deals in both domestic mutual fund and WFOE segments.
New public mutual fund launches in China totalled $163 billion (RMB 1.07 trillion) in the first quarter of the year.
The move represents a major milestone as the active ETF industry looks to compete against a struggling mutual fund market.
Brown Brothers Harriman is working with Guinness Atkinson Asset Management for the first conversion of two mutual funds to become active ETFs.
Dimensional recently announced plans it would convert six of its mutual funds into actively management, semi-transparent ETFs.
State Street has extended its 40-year asset servicing relationship with Neuberger Berman to provide accounting services for its US mutual funds.