Bringing you live news and features since 2006 

SAM to distribute PTF on Neo Connect


Stone Asset Management (SAM) is to utilise the NEO Connect platform to distribute the Stone Dividend Growth Class PTF under the symbol SAMDG.

NEO Connect is accessible to all investors, asset managers and their dealers who want more efficient and lower cost transactions in assets not listed on a stock exchange.
“We are very excited to launch our first platform traded fund (PTF) on NEO’s innovative platform,” says Richard Stone, Founder and Chief Investment Officer of SAM. “The Stone Dividend Growth Class fund is an investment solution catering to the growing generational need for income with total return, and is a core fund for appropriate investors’ risk tolerance levels. Our goal is to continue expanding investment options under the SAM investment management philosophy, which is rooted in integrity and always doing the right thing for investors. We look forward to a long and mutually beneficial partnership with NEO as we execute on our strategy to launch future Stone PTFs in the months to come.”
NEO Connect allows fund manufacturers to offer product in the form of PTFs at a cost lower than Series F funds, while giving dealers and their advisors more efficient access.
“We are proud to welcome SAM to the NEO family as the eighth and newest asset manager to champion PTFs,” says Jos Schmitt, President and CEO, NEO. “Like NEO, Stone is focused on delivering exceptional client service and doing what is right for investors. With our recent expansion into the mutual fund dealer community, PTFs continue to grow in popularity with advisors because they enable greater efficiency and cost savings.”

Latest News

HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..
VanEck has reached USD10 billion in assets under management in Europe for the first time in April 2024...
Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according to a benchmark study published..

Related Articles

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...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
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