State Street has been appointed as the service provider for Columbia Threadneedle Investments’ new actively managed UCITS ETFs. The mandate marks the latter’s entry into the European active ETF market.
State Street’s end-to-end service for Columbia Threadneedle Investments will include custody; depositary; fund accounting; ETF basket creation; create and redeem order management; ETF settlement; transfer agency; and reporting.
The bank reveals in a press release that the first funds it will manage are the CT QR Series US Equity Active UCITS ETF and the CT QR Series European Equity Active UCITS ETF. Global and emerging market products will be launched in coming months.
State Street currently supports more than 3,000 ETFs and US$7.44 trillion across 15 countries spanning APAC, Europe, and North America.
