Capital Group, the U.S. manager with USD2.7trn AuM, has appointed State Street as custodian, transfer agent and administrator for its first suite of active, transparent ETFs, recently listed on the New York Stock Exchange. The six ETFs include one fixed income core plus income strategy, three equity strategies that invest primarily in the U.S., and two equity strategies that cover international and global. State Street’s mandate includes ETF basket services, fund accounting, fund administration, order-taking and transfer agency services.
