BNY Mellon has been selected by Old Mutual Global Index Trackers U.S. LLC (OMGXT) to provide ETF services for its five new global exchange-traded funds: GlobalShares FTSE All-World Fund, GlobalShares FTSE Emerging Markets Fund, GlobalShares All-Cap Asia Pacific ex Japan Fund, GlobalShares All-World ex US Fund, and GlobalShares FTSE Developed Countries ex US Fund. OMGXT will manage the funds from its South Africa offices.
The services include custody, fund accounting, fund administration, transfer agency services and ETF services. BNY Mellon provides ETF services for more than USD100bn in assets for its global clients.
"We have selected BNY Mellon as a key partner because of its demonstrated ability to help clients bring global and emerging market ETF products to market in a timely and effective manner," said Tendai Musikavanhu, chief executive officer of OMGXT.
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