China Post Global hires Broadridge to manage Market Access ETFs

May 18th, 2016 | By | Category: ETF and Index News

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Broadridge Financial Solutions has announced that China Post Global, the international asset management arm of the Chinese postal savings bank, has joined Broadridge’s integrated trading and portfolio management platform for its Market Access ETFs.

China Post Global hires Broadridge to administer Market Access ETFs

Bennett Egeth, President of Broadridge Investment Management Solutions.

China Post, which is jointly owned by Capital Securities and Sumitomo Mitsui Banking Corporation, will use Broadridge’s services to manage its Market Access ETFs and its China fund distribution network. Broadridge’s integrated trading, compliance, portfolio management and reporting solution supports the set-up, tracking, mark-to-market and management of the assets making up the synthetic ETFs.

“After acquiring the Market Access ETF range from Royal Bank of Scotland, a rapid and smooth transition was a key focus for us,” said Chris Satterfield, CEO, China Post Global. “Broadridge was able to natively and seamlessly support our synthetic ETF workflows, while on-boarding us in less than one month. We see Broadridge as a reliable long-term partner that can scale with us as we grow.”

“ETF markets in Hong Kong and China are outperforming peers in the broader Asian ETF market, which is still at a relatively early stage of development with less than 10% of global market share,” added Bennett Egeth, President of Broadridge Investment Management Solutions. “Broadridge is very proud to be working with an innovative Asian provider like China Post Global to address this tremendous opportunity by providing efficient, scalable and future-proof portfolio management solutions.

“Broadridge’s success in serving asset managers in Asia comes from more than just a strong technology offering — it is also due to our mature local hosting and support model, in combination with global reach and scalability, which is a strong differentiator.”

China Post entered the European ETF market in March of this year with the acquisition of the Royal Bank of Scotland‘s ETF range. The purchase marked the first time a Hong Kong asset manager acquired a European UCITS ETF umbrella and its investment management team.

The current range of Market Access ETFs includes the:

Market Access DAXglobal Asia Index UCITS ETF
Market Access DAXglobal BRIC Index UCITS ETF
Market Access DAXglobal RUSSIA Index UCITS ETF
Market Access MSCI Emerging & Frontier Africa ex South Africa Index UCITS ETF
Market Access MSCI Frontier Markets UCITS ETF
Market Access TOPIX EUR Hedged Index UCITS ETF
Market Access RICI Agriculture Index UCITS ETF
Market Access RICI Metals Index UCITS ETF
Market Access NYSE Arca Gold BUGS Index UCITS ETF
Market Access Rogers International Commodity Index UCITS ETF

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