Bringing you live news and features since 2006 

Maureen Quill, UMB Fund Services

Destra Selects UMB Fund Services to service two mutual funds

RELATED TOPICS​

Destra Capital Advisors has selected UMB Fund Services (UMBFS) as the new service provider for its series trust, which consists of two mutual funds, the Destra Flaherty & Crumrine Preferred and Income Fund and the Destra Wolverine Dynamic Asset Fund, totaling approximately USD284 million in assets.

UMBFS will provide fund administration, fund accounting, investor services, transfer agency, and custody services for the two funds.
 
“Destra is thrilled to partner with UMBFS. Their organisation came highly recommended to us by others in the industry, and they have more than lived up to it in our experience. The team at UMBFS is incredibly responsive, and key individuals there have made great recommendations to us about systems, procedures and industry issues that are both improving Destra’s business and improving the services and costs provided to our funds,” says Rob Watson, president of Destra Capital Advisors LLC and each of Destra’s funds.
 
Earlier in 2018, Destra launched a continuously offered closed-end interval fund with UMBFS, the Destra International & Event-Driven Credit Fund, which now totals approximately USD25 million in assets.
 
“We are pleased to expand our relationship with Destra to provide services for these two additional funds,” says Maureen Quill (pictured), president of UMBFS. “We look forward to a continued partnership that supports their growth in both the open- and closed-end fund spaces.”

Latest News

ETP provider GraniteShares has announced it has surpassed USD5 billion in assets under management (AUM), reaching USD5.199 billion...
News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
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