BNY has been appointed as administrator for seven of the nine ETH ETPs approved for trading in the U.S. in July. BlackRock (ETHA), Bitwise (ETHW), Grayscale (ETHE & ETH), Franklin Templeton (EZET), 21shares (CETH), and Invesco Galaxy (QETH) have named BNY as the cash custodian, transfer agent, and administrator, providing administrative, tax and accounting services,…
Category: ETF
Westwood expands with Ultimus
Ultimus Fund Solutions, the independent provider of fund administration, accounting, and investor solutions, has expanded its longstanding partnership with Westwood Holdings Group following the launch of two new actively managed ETFs. Headquartered in Dallas, Texas, Westwood manages multiple investment strategies tailored to institutional investors, private wealth clients, and financial intermediaries. Recently, Westwood expanded its offerings…
State Street wins ETH ETF mandates
State Street has been appointed as a service provider by two issuers of the recently-approved ETH spot ETFs in the U.S. VanEck (ETHV) and Fidelity (FETH) have selected State Street to provide cash custody, fund accounting, transfer agency, basket services and electronic order taking.
Citi to support new Eurizon ETF
Eurizon SLJ Capital, the UK-based investment manager of Eurizon, the asset management company of Intesa Sanpaolo with EUR384bn (USD418bn) AuM, has launched its first Ireland-domiciled actively managed ETF with Connect ETFs, a new ETF platform connecting asset managers with leading ETF service providers. The platform uses Carne Global Fund Managers (Ireland) Limited as ManCo and…
Citi wins Nuveen ETF mandate
Citi has won an ETF servicing mandate from Nuveen, the TIAA-owned asset manager. Citi has onboarded 23 ETFs with c. USD9bn AuM. The mandate expands Citi’s relationship with Nuveen, which is an existing client of its markets business.
NTAM outsources to Waystone
Northern Trust Asset Management (NTAM) has outsourced its ETF business to Waystone ETFs. The single ETF, NTAM’s USD287.4m FlexShares Listed Private Equity UCITS, will now be hosted on Waystone ETF’s ICAV platform. NTAM will continue as the investment manager for the ETF. Northern Trust’s asset servicing unit will continue to act as custodian and administrator.
State Street wins further ETF mandates for Capital
Capital Group has launched seven new equity and fixed income ETFs that seek to complement and expand its existing suite of active ETFs, bringing the current total to 21 ETFs. State Street, which is an existing ETF service provider for Capital, has been appointed as administrator and transfer agent for the new funds.
Goldman Sachs supports AI ETF launch
Goldman Sachs has won the first fund launched by a client in EMEA through the Goldman Sachs ETF Accelerator platform with the listing of a new AI-driven equity ETF on the German market. The AI-Enhanced Eurozone Equities UCITS ETF is aimed at institutional and semi-institutional investors, as well as private investors. Ultramarin GmBH, a tech…
21Shares appoints Zodia
Zodia Custody has been appointed by 21Shares, the Switzerland-based ETP issuer, to provide custody services for their physically-backed ETPs in Switzerland and the wider European market.
State Street wins Lazard ETF mandate
Lazard Asset Management has launched its first ETF in Australia: the Lazard Global Listed Infrastructure Active ETF, which is listed on Cboe Global Markets. State Street Australia has been appointed custodian and administrator.