BNY Mellon to provide Gabelli Funds with ETF services
09 February 2021 US
Image: Romolo Tavani/adobe.stock.com
BNY Mellon has been selected by Gabelli Funds to facilitate the launch of its new actively managed exchange-traded fund (ETF), Gabelli Love Our Planet and People (LOPP).
Gabelli will leverage BNY Mellon’s OMNI platform for integrated custody, accounting, administration and ETF Services, including the bank’s ETF Center, which offers technology designed to support actively managed ETFs.
LOPP focuses on investing in companies committed to sustainable practices such as renewable energy and the reduction or recycling of long-lived wastes.
The fund incorporates a research-intensive process of both value focused social screens and a holistic environmental, social and governance (ESG) analysis to deliver returns in an environmentally accountable manner.
Additionally, all fees and expenses will be absorbed by Gabelli Funds on the first $100 million invested in the fund, for at least the first 12 months.
The collaboration between BNY and Gabelli is set to facilitate greater efficiency and transparency in fund administration, providing value for investors who seek a fund that mirrors their own ESG principles.
According to Ben Slavin, global head of ETFs, asset servicing at BNY Mellon, now more than ever, flows into the ESG space continue to climb, and it appears that this trajectory will only accelerate.
“We are proud to support these types of ESG-themed products through our OMNI platform, and are excited to work with Gabelli Funds to provide investors with the opportunity to expand their portfolios into ESG and sustainable investing-themed products,” comments Salvin.
Gabelli will leverage BNY Mellon’s OMNI platform for integrated custody, accounting, administration and ETF Services, including the bank’s ETF Center, which offers technology designed to support actively managed ETFs.
LOPP focuses on investing in companies committed to sustainable practices such as renewable energy and the reduction or recycling of long-lived wastes.
The fund incorporates a research-intensive process of both value focused social screens and a holistic environmental, social and governance (ESG) analysis to deliver returns in an environmentally accountable manner.
Additionally, all fees and expenses will be absorbed by Gabelli Funds on the first $100 million invested in the fund, for at least the first 12 months.
The collaboration between BNY and Gabelli is set to facilitate greater efficiency and transparency in fund administration, providing value for investors who seek a fund that mirrors their own ESG principles.
According to Ben Slavin, global head of ETFs, asset servicing at BNY Mellon, now more than ever, flows into the ESG space continue to climb, and it appears that this trajectory will only accelerate.
“We are proud to support these types of ESG-themed products through our OMNI platform, and are excited to work with Gabelli Funds to provide investors with the opportunity to expand their portfolios into ESG and sustainable investing-themed products,” comments Salvin.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Assegt Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Assegt Servicing Times
