The new equities-only funds, traded electronically worldwide on Xetra, will be backed by a customized RBC Dexia solution.
RBC Dexia has announced its investor services arm has been chosen by Zurich-based Swiss & Global Asset Management, which manages over 100 funds for private bank Julius Baer, to provide custody and fund administration for four recently launched exchange-traded funds (ETFs).
The new Ucits-compliant funds, domiciled in Luxembourg, are the first active equities-only ETFs to be listed on Xetra, a global electronic trading system based in Frankfurt. RBC Dexia's solution was chosen for its ability to reach across three European time zones.
"We needed a customized ETF service solution and RBC Dexia's flexibility and ability to respond with a specific ETF custody and fund administration servicing allowed us to launch our latest innovation in the Ucits space successfully and in a timely fashion," said Martin Jufer, an executive board member at Swiss & Global Asset Management.
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails