Brown Brothers Harriman (BBH) has been appointed as custodian and administrator for two new actively managed exchange-traded funds (ETFs) by Quoniam Asset Management.
BBH Dublin will provide a full suite of services including depository and global custody as well as fund accounting and fund administration.
The two new actively managed funds, marketed under the UniActive Q label, are the first of their kind for Union Investment group, parent company of Quoniam Asset Management.
The firm describes its approach for the two funds as “a scientifically based, data-driven investment process that combines systematic forecasting models, machine learning and economic logic”. It’s a risk-controlled, cost-conscious method that “not only tracks the market, but also aims to achieve a long-term return in excess of the benchmark”.
