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 |
|
Wednesday, September 4, 2024 Arnott and Co Sponsor Their 1st ETF Rob Arnott and his team are preparing to roll out their first ETF.
The planned inception date for NIXT is next Monday, September 9, and trading is expected to begin on Tuesday. The new, passively managed ETF comes with an expense ratio of nine basis points. (That bakes in a 30bps fee waiver, which is promised through September 3, 2025.) NIXT will be a series of EA Series Trust and is designed to track the Research Affiliates Deletions Index, which tracks companies that have been removed from popular indices. Th new fund's PM team will include: Joshua Russell, senior portfolio manager at EA; and Richard Shaner, PM at EA. "This unique strategy is a perfect fit for an ETF, as it provides structural, uncorrelated alpha executed in a simple, rules-based index format," Arnott states. "Our decision in sponsoring this ETF was driven by a desire to make the index deletions strategy as accessible as possible." NIXT's other service providers will include: Practus LLP as counsel; ACA Foreside's Quasar Distributors, LLC as distributor; Solactive AG as index calculation agent; Tait, Weller & Baker LLP as independent accounting firm; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as administrator, fund accountant, and transfer agent; and U.S. Bank National Association as custodian and securities lending agent. Printed from: MFWire.com/story.asp?s=67866 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
