Nuveen and Putnam Investments have both launched their first actively managed, semi-transparent ETFs using the proxy model.
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.
At the core of JP Morgan’s ETF servicing strategy has been a multi-year programme to enhance its technology and provide near real-time data.
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.
Dimensional recently announced plans it would convert six of its mutual funds into actively management, semi-transparent ETFs.
Ultimus’ engagements with NYSE and Blue Tractor will allow its asset manager clients to bring semi-transparent ETF products to market quicker.
The mandate means State Street now services all four types of the semi-transparent, actively managed ETF structure.
Fidelity is the first asset manager to receive regulatory approval for three semi-transparent ETF products using its own proprietary proxy basket methodology.
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.