State Street to service dual access ETF for AllianceBernstein in Australia

State Street has been appointed as servicing agent for an AllianceBernstein ETF in Australia that now offers the dual access option. Originally developed seven years ago, AB’s Managed Volatility Equities Fund was listed on the Chi-X exchange in April, leveraging the innovative dual access model, which enables active managers to run a single register for both unlisted and listed investments. As a result, managers can gain greater operational and investment efficiencies. State Street will provide a range of servicing solutions including ETF basket services (to provide indicative NAV or iNAV files), fund accounting, fund administration and custody.