State Street to provide services for Marshall Wace ETF

The equity neutral MW TOPS Global Alpha ETF is listed on the London and Frankfurt stock exchanges and targets an absolute return. The fund replicates a range of investment strategies to achieve this return, comprising mainly large-cap equities and equity-related securities. State Street's Ireland operation will provide a range of custody and fund administration services for the fund. The firm says it was selected due to its experience in the ETF servicing marketplace, its global presence and its ability to support high volume, Ucits-compliant daily valuing funds. State Street en...