RBC Dexia Investor Services had been mandated by Swiss & Global Asset Management to provide custody and fund administration to four recently launched ETFs.
Swiss & Global’s four new Luxembourg domiciled JB Smart Equity ETFs are UCITS IV compliant, fully invested in equities and do not use derivatives.
The funds are the first active equity ETFs listed on XETRA, a worldwide electronic securities trading system based in Frankfurt, Germany. The funds aim to outperform their benchmarks by combining two proprietary systematic strategies in one portfolio to exploit price trends and valuation anomalies.
“RBC Dexia has developed its ETF services globally to meet the evolving needs of their clients and implemented the solution for Swiss & Global by, leveraging capabilities in three time zones to deliver the specific requirements for their ETF products," said a statement from the company.
“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 timely,” said Martin Jufer, member of the executive board at Swiss & Global Asset Management.
