State Street to service Natixis ETFs
21 September 2020 Boston
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State Street has been appointed by Natixis Investment Manager to provide exchange-traded fund (ETF) servicing solutions to three active ETFs.
The funds — Natixis US Equity Opportunities (EQOP), Natixis Vaughan Nelson Select ETF, and Natixis Vaughan Nelson Mid Cap ETF — are listed on NYSE Arca.
In the partnership, State Street will administer a range of net asset value dissemination, settlement, custody, financial reporting, fund accounting, performance and investment analytics, and transfer agency services for the ETF funds.
State Street has also developed custom automated processes to handle custody and accounting allocations for the EQOP fund.
Frank Koudelka, global ETF product specialist at State Street, commented: “We are pleased to continue expanding our relationship with Natixis Investment Managers to support their innovative advancements in the ETF market.”
“Their launch of EQOP represents the first semi-transparent active ETF issuer to leverage a multi-manager approach. This new chapter in our nine-year-long relationship with Natixis signifies the positive outcome of our commitment to creating cutting-edge ETF servicing solutions.”
Nick Elward, head of institutional product and ETFs in Natixis’ strategic product and marketing group, added: “Investors increasingly demand innovative investment strategies and require new vehicles to support those needs. State Street has consistently supported us in meeting client demand and we look forward to our ongoing partnership.”
The funds — Natixis US Equity Opportunities (EQOP), Natixis Vaughan Nelson Select ETF, and Natixis Vaughan Nelson Mid Cap ETF — are listed on NYSE Arca.
In the partnership, State Street will administer a range of net asset value dissemination, settlement, custody, financial reporting, fund accounting, performance and investment analytics, and transfer agency services for the ETF funds.
State Street has also developed custom automated processes to handle custody and accounting allocations for the EQOP fund.
Frank Koudelka, global ETF product specialist at State Street, commented: “We are pleased to continue expanding our relationship with Natixis Investment Managers to support their innovative advancements in the ETF market.”
“Their launch of EQOP represents the first semi-transparent active ETF issuer to leverage a multi-manager approach. This new chapter in our nine-year-long relationship with Natixis signifies the positive outcome of our commitment to creating cutting-edge ETF servicing solutions.”
Nick Elward, head of institutional product and ETFs in Natixis’ strategic product and marketing group, added: “Investors increasingly demand innovative investment strategies and require new vehicles to support those needs. State Street has consistently supported us in meeting client demand and we look forward to our ongoing partnership.”
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