State Street expands ETF servicing
25 January 2012 Boston
Image: Shutterstock
State Street has announced the expansion of its global servicing capability for ETFs using cloud-enabled technology. The solution, TotalETF, is fully automated throughout the lifecycle of an ETF from the basket-creation process to trade processing and settlement.
“TotalETF will help solve all potential administrative pain points for ETF sponsors globally,” said Frank Koudelka, senior vice president of State Street’s Global Services business.
The ETF dashboard on my.StateStreet.com now allows portfolio managers to monitor the basket near real-time, and geographic expansion of Fund Connect ETF order management system includes coverage for Europe, Canada and the Asia-Pacific region. The enhanced daily performance attribution capability also allows for NAV decomposition to break down tracking error into specific components.
“TotalETF will help solve all potential administrative pain points for ETF sponsors globally,” said Frank Koudelka, senior vice president of State Street’s Global Services business.
The ETF dashboard on my.StateStreet.com now allows portfolio managers to monitor the basket near real-time, and geographic expansion of Fund Connect ETF order management system includes coverage for Europe, Canada and the Asia-Pacific region. The enhanced daily performance attribution capability also allows for NAV decomposition to break down tracking error into specific components.
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