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 |
|
Tuesday, November 8, 2022 A $1.8T-AUM Firm Adds Its 15th ETF The team at a publicly traded company's $1.8-trillion-AUM (as of September 30) asset management arm is rolling out their 15th ETF. The new fund is also the firm's seventh actively managed ETF.
BKGI is a series of the BNY Mellon ETF Trust. BNY Mellon ETF Investment Adviser, LLC serves as investment advisor to the new fund, Newton serves as sub-advisor, BNY Mellon Securities Corporation serves as distributor, and the Bank of New York Mellon serves as custodian, securities lending agent, and transfer agent. Lydotes and Brock Campbell, head of global equity research at Newton, PM the new fund. Lydotes puts the launch of BKGI in the context of infrastructure assets offering "historica predictability and stability through market cycles." "This addition highlights our continued commitment to providing innovative, outcome-oriented strategies through versatile vehicles," Provencher states. "Through leveraging the capabilities, knowledge and expertise of Newton in equity investing, we're able to provide a differentiated infrastructure approach for our clients." The new fund's other service providers include Ernst & Young LLP as independent accounting firm and Morgan, Lewis & Bockius LLP as counsel. Printed from: MFWire.com/story.asp?s=65114 Copyright 2022, InvestmentWires, Inc. All Rights Reserved |
