Bringing you live news and features since 2006 

O’Shares ETFs announces strategic growth deal with SS&C ALPS Advisors

RELATED TOPICS​

O’Shares ETFs has announced that it has agreed to a strategic transaction with SS&C ALPS Advisors, a subsidiary of SS&C Technologies, with AUM exceeding USD8.6 billion in ETFs and total AUM exceeding USD17.6 billion. 

The agreement provides for long-term collaboration between O’Shares and SS&C ALPS. The ETFs managed by O’Shares will be reorganised into newly created ETFs formed by SS&C ALPS, subject to the approval of the Boards of Trustees of OSI ETF Trust and ALPS ETF Trust and of the O’Shares ETFs’ shareholders at a shareholders’ meeting to be announced.

The firms write that the strategic transaction is expected to enhance the distribution and growth of the ETFs, as SS&C ALPS is a larger ETF organization with greater distribution resources. This should benefit both existing and future investors in the ETFs, the firms say. O’Shares will provide the continuing ETFs use of the current target indexes under license agreements with SS&C ALPS, and O’Shares will provide continued marketing support of the ETFs following the transaction.

“This is a strategic move for O’Shares. The transaction with SS&C ALPS provides important scale and enhanced distribution,” says Kevin O’Leary, Chairman of O’Shares. “We will continue to work with their leadership and sales teams to support the growth of the funds in all markets across the country. The ETFs will continue tracking the proprietary indexes we developed that focus on quality and preservation of capital, which is important to me because they are core allocations in my long-term portfolio.”

“We look forward to working with SS&C ALPS and their larger organisation to bring our strategies to more investors and advisors,” says Connor O’Brien, CEO of O’Shares. “This transaction provides expanded distribution for the ETFs, and also creates potential for collaboration in developing more ETFs, building on our Quality and Thematic investment principles.”
 

Latest News

Amundi’s ETF Market Flows Analysis for May finds that global ETF inflows were EUR105.1 billion with US-domiciled equity funds accounting..
MerQube has announced the appointment of Dave Mueller as Chief Financial Officer. Mueller brings 17 years experience operating in corporate..
Northern Trust Asset Management (NTAM), has announced that David Abner is joining as Head of Global ETFs and Funds...
Nvidia’s market cap surge to more than USD3 trillion making it the second most valuable company in the world almost..

Related Articles

CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Johnson, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Stuart Chaussee
In January this year, global data and business intelligence platform, Statista reported that there are now more than 8000 ETFs...
Ethereum coin
Last week saw Australia launch spot bitcoin ETFs, with Matteo Greco, Research Analyst at Fineqia International, writing that Monochrome Asset...
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