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SEI to support Global X Management’s ETFs

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SEI has announced that it has been selected by Global X Management to provide a fully integrated, turnkey solution to support the firm’s global exchange-traded funds.

SEI has announced that it has been selected by Global X Management to provide a fully integrated, turnkey solution to support the firm’s global exchange-traded funds.

SEI’s integrated ETF solution is designed to help investment managers meet the emerging market demand for launching new ETF products, while supporting greater transparency and efficiency. It also provides an efficient way for managers to enter the market quickly with limited investment.

Under the terms of the agreement, SEI will provide a complete outsourcing solution that includes fund administration, accounting, investor servicing, distribution and authorized participant processing for Global X’s ETFs in a straight-through electronic processing environment.

"SEI’s fully integrated solution provides a comprehensive, single source environment that isn’t possible when working with multiple vendors," says Bruno del Ama, chief executive of Global X Management. "We are launching funds in different countries and SEI’s experience and knowledge in the ETF business is a big advantage for us. We know that they have the depth to service us now and, more importantly, they have the ability to scale this offering with us as we grow – and that’s critical."

With the first family of ETFs, Global X is launching global ETFs focusing on the Nordic region, Colombia, Argentina, Peru, Philippines, and Egypt.

"Global X’s goal is to focus on their advantage of being a first mover into their specific target markets and scale quickly. Our complete solution is designed to enable them to achieve that goal while relying on SEI to provide the heavy lifting and infrastructure," says John Alshefski, head of business development for SEI’s investment manager services division. "We’re pleased to partner with Global X to help them achieve their business objectives."

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