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 |
|
Friday, October 1, 2021 In CT, a Startup Debuts Its 2nd ETF A New England startup is rolling out its second ETF.
The new fund is intended to track the Hoya Capital Dividend Yield Index and pay monthly distributions to shareholders. Penserra Capital Management, LLC is the fund's subadvisor, and the fund is PMed by Anand Desai (associate at Penserra), Dustin Lewellyn (managing director of Penserra), and Ernesto Tong (managing director of Penserra). Hoya, based in Rowayton, in Norwalk, Connecicut, serves as the fund's advisor. Other services providers on the new fund include: Cohen & Company, Ltd. as the independent accounting firm; Hoya Capital Index Innovations as index provider; Morgan Lewis & Bockius LLP as counsel; Quasar Distributors, LLC as distributor; U.S. Bancorp Fund Services, LLC as administrator, index receipt agent, and transfer agent; and U.S. Bank National Association as custodian. (Cohen & Steers, Morgan Lewis & Bockius, Penserra, and Quasar all were brought when Hoya launched its first ETF in 2019. Alex Pettee, director of research at Hoya Capital Real Estate, describes the new ETF as a complement to the firm's first, which launched two years ago. Sheila Pettee, CEO of Hoya Capital, adds that the new ETF "fills a significant and immediate investor need" among those "seeking income in a simple and cost-effective package." Printed from: MFWire.com/story.asp?s=63463 Copyright 2021, InvestmentWires, Inc. All Rights Reserved |
