US asset manager Legg Mason plans to be one of the first adopters of the new ETF model, with BNY Mellon as their ETF service provider.
The new global survey will rate providers based on client feedback in a number of key ETF service areas, and will go live on Monday 6th April.
Fund administrators in Europe are hoping to capitalise on the rush to ETF strategies among asset managers and institutional investors .
The seismic shift from active to passive management spells significant implications for traditional investment managers.
State Street says it now administers nearly 70% of US ETF assets under management after a series of mandate wins.
The new ETF structure could encourage asset managers who have, in the past, shied away from passive investing to transition.
The biggest topics from four days at Fund Forum in Copenhagen, including the threat of passive investing to active asset managers, ESG, blockchain and the fallout from Neil Woodford’s fund suspension.
Global Custodian analyses the primary drivers that are hastening consolidation across the funds’ industry.
Discussions around data helping illiquid instruments trade more effectively conjure up worries about what the future of passive investing and what it means for post-trade providers.