The Goldman Sachs Group has closed the acquisition of Innovator Capital Management, LLC, known for its defined outcome exchange-traded funds (ETFs), a step that should bolster the growth of the ETF business of Goldman Sachs Asset Management (GSAM), officials say. “By integrating Innovator’s approximately $31 billion in assets under supervision (AUS) across its suite of… Read More >>
ETF Shares to Use ‘BSKT’ Tool from Bloomberg
ETF Shares, an exchange-traded fund (ETF) issuer based in Sydney, Australia, is using an ETF creation and redemption tool, BSKT from Bloomberg, to support “more flexible and efficient” ETF baskets, officials say. ETF Shares designs its investment products to help Australian investors and financial advisers manage their own and their clients’ wealth. “Using BSKT will… Read More >>
Quoniam’s ETF Launch Bolstered via BBH-SimCorp Setup
Quoniam Asset Management, a systematic manager based in Frankfurt, Germany, has been implementing an integrated technology, data, and services solution via a collaboration between Brown Brothers Harriman Investor Services and SimCorp that is helping the firm with its build-out for an exchange-traded fund (ETF) launch. The solution is based on existing offerings — fund servicing… Read More >>
Fundsmith Taps SS&C to Support U.S. ETF Launch
Fundsmith is expanding its relationship with SS&C Technologies to bolster the launch of its exchange-traded fund (ETF) — the Fundsmith Equity ETF — in the U.S., officials say. “The ETF will seek long-term growth in value by investing in listed equities on a global basis. Fundsmith will use SS&C for fund administration, accounting, compliance, legal,… Read More >>
Euronext ETF Europe To Offer Consolidated Clearing & Settlement
Euronext, an operator of multiple trading venues, has launched Euronext ETF Europe, which will offer consolidated clearing and streamlined settlement, officials say. The new marketplace is described as “the first fully integrated marketplace for exchange-traded funds (ETFs) and exchange-traded products (ETPs) across Europe,” officials say. Officials add that post-trade operations “will also be significantly enhanced… Read More >>
Franklin Templeton Taps BNY for ETF Servicing
Global asset manager Franklin Templeton has appointed custody giant the Bank of New York Mellon Corp. (BNY) to provide “a full suite of asset servicing and foreign exchange capabilities” for U.S.-listed, exchange-traded fund (ETF) offerings, officials say. “Franklin Templeton is expanding its long-standing relationship with BNY to leverage additional services for one of its fastest-growing… Read More >>
