‘ BNY Mellon ’

Guggenheim adds 39 ETFs to BNY Mellon’s transaction-fee-free ETF platform

Jun 19th, 2017 | By
Guggenheim changes name of actively managed $1bn enhanced short duration ETF

Guggenheim Investments has placed 39 ETFs on the no-transaction-fee ETF platform, FundVest ETF, recently unveiled by BNY Mellon’s Pershing. William H. Belden, managing director and head of ETF product development at Guggenheim Investments, commented: “Guggenheim’s participation in Pershing’s FundVest ETF platform underscores our ongoing commitment to providing investors access to innovative solutions through our distinctive ETF product line.”

BNY Mellon’s Pershing launches transaction-fee-free ETF platform

Jun 16th, 2017 | By
BNY Mellon's Pershing launches transaction-fee-free ETF platform

BNY Mellon’s Pershing, a provider of financial business solutions, has launched Fundvest ETF, a no-transaction-fee ETF platform with no purchase minimums or holding period. The solution provides Pershing’s clients with flexibility to deliver a broad range of ETFs to investors while reducing explicit costs.

Industry leaders in agreement to improve ETF collateral practices

Dec 7th, 2015 | By
SSGA enters fee war with ultra-low-cost SPDR Portfolio ETFs

Markit, a leading global provider of financial information services, has announced that key participants in the exchange-traded fund industry; namely, BlackRock, BNY Mellon and State Street, have accepted Markit’s ETF collateral lists for inclusion in their collateral management schedules. “A lack of standardised criteria, market opacity and the onerous management process for risk departments mean that many market participants have historically not accepted ETFs as collateral. Our lists aim to bring transparency and simplicity to the market, facilitating access to ETFs for use as collateral,” said Pierre Khemdoudi, managing director of securities finance at Markit.

Investors need to be aware of the underlying costs of ETFs, says Pershing

Oct 28th, 2015 | By
Cheapest ETFs not always the best, say industry experts

The benefits of exchange-traded funds over the traditional mutual fund structure have driven the growth of these investment products over past decades. As adoption increases investors must be aware of the true cost of ETF investing. To facilitate this experts from Pershing and BNY Mellon have delivered a white paper outlining what investors need to assess when buying an ETF. “It is important for advisors to be as well informed as possible about the apparent and underlying factors that influence the cost of their ownership,” said Justin Fay, vice president and solutions manager for alternative investments and ETFs at Pershing.