Bringing you live news and features since 2006 

Robert Caporale

FocusShares selects JP Morgan to service 15 new Focus Morningstar ETFs

RELATED TOPICS​

JP Morgan Worldwide Securities Services (WSS) been appointed by FocusShares has appointed JP Morgan Worldwide Securities Services (WSS) to service its 15 new FocusTM Morningstar ETFs. The low-cost ETFs began trading March 30 on NYSE Arca and are the first investment products sponsored by FocusShares since being acquired in June 2010 by Scottrade Financial Services, Inc, the parent holding company of Scottrade, Inc.

 
The FocusMorningstar ETFs include a US Market ETF (FMU); Small Cap (FOS), Mid Cap (FMM) and Large Cap (FLG) ETFs; and 11 sector ETFs, including Basic Materials (FBM), Communication Services (FCQ), Consumer Cyclical (FCL), Consumer Defensive (FCD), Energy (FEG), Financial Services (FFL), Health Care (FHC), Industrials (FIL), Real Estate (FRL), Technology (FTQ) and Utilities (FUI).
 
JP Morgan offers a full suite of services for the development, launch and servicing of ETFs. Industry-wide, JP Morgan currently services 138 ETFs with total assets of over USD97 billion.
 
“JP Morgan has a history of innovation in the ETF space, with a commitment to the fund service business and pioneering technology,” says Robert Caporale (pictured), managing director, JP Morgan Worldwide Securities Services. “We look forward to working with Scottrade and FocusShares on these newly launched ETFs.”
 
Online trading of the Focus Morningstar ETFs is available commission-free to Scottrade customers and investment advisors using Scottrade Advisor Services as their custodian. Investors and advisors who are not Scottrade brokerage customers can purchase FocusTM Morningstar ETFs through their brokerage firms by paying applicable commissions.
 
“By selecting JP Morgan to service these ETFs, FocusShares has chosen a servicer with robust capabilities and leading technology, a well-suited alliance for FocusTM Morningstar ETFs,” says FocusShares President Erik Liik.

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
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..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
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...
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