Bringing you live news and features since 2006 

Joe Redwine, US Bancorp Fund Services

USBFS adds Vident ETF to multiple series trust

RELATED TOPICS​

US Bancorp Fund Services (USBFS) has added an exchange-traded fund from Vident Financial to its Exchange Traded Fund Series Solution (ESS) multiple series trust (MST).

The Vident International Equity Fund (VIDI) launched on 30 October 2013. The ETF MST enables investment advisers to build awareness and recognition for their brand as a private-label ETF, and launch an ETF in approximately 75 days for a minimal initial investment.
 
“We are excited to have Vident Financial join our growing MST and allow shareholders the opportunity to invest in their product. We believe our MST model provides managers with the opportunity to leverage our administration services so they can focus on investing, while capitalising on developments in the market,” says Joe Redwine (pictured), president of USBFS.
 
VIDI combines principle-based country and securities selection with risk management to balance risk across developed and emerging economies. The index, Vident International Equity Index, allocates across 35 developing economies through 500 to 700 international equity positions.
 
“Because of their industry experience and continued financial strength, we believe this partnership with US Bancorp Fund Services and ETC allows us the best opportunity to grow our funds,” says Nick Stonestreet, chief executive officer for Vident Financial, headquartered in Atlanta. 

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

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
ETFs
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
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...
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