Brown Brothers Harriman to service XACT ETFs

BBH will be providing global custody, accounting administration and primary market transfer agency for the Luxembourg regulated ETFs. XACT ETFs are managed by XACT Fonder, a wholly-owned subsidiary of Svenska Handelsbanken. The XACT ETF platform is an open-ended collective investment company with an umbrella structure comprising different sub-funds and classes. Each sub-fund is an ETF and is listed for trading on the Nasdaq OMX Stockholm. XACT managing director Henrik Norén says the move will enable the firm to maintain its position as the leading Nordic ETF provider. XACT Fonde...