BNY Mellon Asset Servicing has over $200bn in ETF assets under administration, following growth of over 46% in 2010.
The company, which provides services to 400 products in the US and nearly 500 separate portfolios worldwide, says it is the largest global administrator for ETFs.
BNY Mellon Asset Servicing managing director and head of its global ETF services business, Joseph Keenan, says that innovation, growing investor interest in ETFs and the continuing upturn in the world's capital markets have all contributed to the company's growth.
He says: "ETFs have demonstrated their growth potential on a global scale, and we believe BNY Mellon is uniquely positioned to support this rapidly expanding market."
The company reports that ETFs tracking emerging market indices, as well as those focused on commodities and fixed income, have been among the fastest growing segments of the ETF services industry. Keenan notes: "We expect this trend to continue. We will work closely with our clients and new sponsors to educate them about the features of ETFs."
Went into administration April 2018
Threat of legal action looms over Woodford IM
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Retirement Planner Forum 2019