Bringing you live news and features since 2006 

BNY Mellon Asset Servicing supports ETF short positions

RELATED TOPICS​

BNY Mellon Asset Servicing has become the first service provider to support short positions in an exchange-traded fund after being selected to provide ETF services, custody, fund accounting and fund administration for the Mars Hill Global Relative Value ETF, the first actively managed ETF to pursue a long-short equity strategy.

This ETF, the first to hold short positions, is managed by AdvisorShares and sub-advised by Mars Hill Partners.

"We selected BNY Mellon to provide these critical services because of its ability to develop a customised solution regarding the servicing of short positions," says Noah Hamman (pictured), chief executive officer and founder of AdvisorShares. "BNY Mellon also has demonstrated its expertise in providing ETF services to our Dent Tactical ETF, which we launched September, 2009."

"Our continuing investments in technology and customer service provide us with the infrastructure required to support short positions and actively managed ETFs," adds Joseph Keenan, managing director and global head of exchange-traded fund services at BNY Mellon Asset Servicing.  "We see increasing demand for actively managed ETFs as investors appreciate the additional flexibility that they can provide when compared with traditional mutual funds."

AdvisorShares is a turnkey platform for investment managers seeking to offer their investment strategy in an actively managed ETF. AdvisorShares works with money managers to combine their money management expertise with the benefits the ETF structure provides.

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by