RBC Dexia wins BetaShares ETF mandate 22 December 2010Sydney Reporter: Ben Wilkie
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RBC Dexia Investor Services has been appointed by BetaShares Capital Limited to provide custody and fund administration for their initial range of Exchange Traded Funds (ETFs) to be listed on the Australian Securities Exchange.
The funds will be serviced out of Sydney, Australia.
"From the development stage to the launch of our initial products, RBC Dexia’s consultative approach and flexibility in their operating model were a complement to our team here at BetaShares and the main driver to their selection to service our exchange traded funds,” said Alex Vynokur, managing director of BetaShares “We look forward to growing our relationship with RBC Dexia as we continue to develop and introduce new products to the Australian ETF marketplace.”
Similar to other global markets, the appetite for Australian ETFs has grown substantially in the past year.
"Our capability to support Australian ETFs with a strong partner like Betashares expands the range of funds that we service in this key onshore market,” said David Travers, managing director at RBC Dexia. "Our flexibility in finding a customised service solution continues to make us the provider of choice by market innovators like BetaShares.”
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