U.S. Bancorp is also hoping to attract ETF providers that are using other ETF servicing platforms. The new multiple series trust is part of the company’s “ETF Fusion” servicing platform.
“A manager can come to us and use us for our full-service ETF Fusion offering, or if they don’t have the exemptive relief, which is often an obstacle to launching, we have a solution for them,” Bob Kern, executive VP of business development and marketing at U.S. Bancorp Fund Services, said in the Ignites article.
For more information on ETFs, visit our ETF 101 category.
Max Chen contributed to this article.