Brown Brothers Harriman has completed the conversion of two open-end mutual funds to ETFs on behalf of Guinness Atkinson Asset Management: Guinness Atkinson Dividend Builder Fund (GAINX) and Guinness Atkinson Asia Pacific Dividend Builder Fund (GAADX). These are the first two mutual funds converted into ETFs in the U.S. BBH has a long-standing relationship with Guinness Atkinson, serving as custodian, transfer agent, and fund accountant to their mutual funds for over a decade, as well as providing ETF support to their SmartETFs business line since inception in 2019.
Jim Atkinson, CEO of Guinness Atkinson Asset Management, said: “This conversion represents the culmination of a dialogue we’ve had with our shareholder base, who, like many, are increasingly attracted to the benefits of ETFs, including their lower costs and greater flexibility. This conversion was possible thanks to the work with our great partners at BBH and we are grateful for their expertise and effort.”