MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, September 9, 2021 An $18.5B-AUM AM Launches a Travel ETF A financial services software giant's fund firm arm is rolling out a new, thematic, passive fund.
Alps is the new fund's investment advisor, and Alps' Andy Hicks (senior vice president of index management) and Ryan Mischkler (SVP of portfolio management and research) are the fund's PMs. It comes with an expense ratio of 65 basis points and tracks the S-Network Global Travel Index. Other service providers to the fund include: Alps Fund Services, Inc. as administrator; Alps Portfolio Solutions Distributor, Inc. as distributor; Dechert LLP as counsel; Deloitte & Touche LLP as independent accounting firm; S-Network Global Indexes, Inc. as index provider; and State Street Bank and Trust Company as custodian and transfer agent. Spahr puts the launch in the context of the Alps team's efforts "to build a compelling suite of thematic strategies for ETF investors." And Hicks notes that the index is powered by an AI-driven screening process. Printed from: MFWire.com/story.asp?s=63365 Copyright 2021, InvestmentWires, Inc. All Rights Reserved |
