Business & Finance
Thu, January 13, 2011Wed, January 12, 2011Tue, January 11, 2011Mon, January 10, 2011Sat, January 8, 2011Fri, January 7, 2011Thu, January 6, 2011Wed, January 5, 2011Tue, January 4, 2011Mon, January 3, 2011Sat, January 1, 2011Fri, December 31, 2010Thu, December 30, 2010Wed, December 29, 2010Tue, December 28, 2010Mon, December 27, 2010Fri, December 24, 2010Thu, December 23, 2010BNY Mellon Asset Servicing Tops $200 Billion in ETF Assets under Administration
Published in Business and Finance on Thursday, January 6th 2011 at 4:46 GMT by Market Wire
BNY Mellon Asset Servicing Tops $200 Billion in ETF Assets under Administration -- NEW YORK, Jan. 6, 2011 /PRNewswire/ --
BNY Mellon Asset Servicing Tops $200 Billion in ETF Assets under Administration
Assets Grow 46 Percent in 2010
NEW YORK, Jan. 6, 2011 /PRNewswire/ -- BNY Mellon Asset Servicing, the global leader in securities servicing, has exceeded $200 billion in exchange-traded fund (ETF) assets under administration, an increase of 46 percent since the beginning of 2010. BNY Mellon is the largest global administrator for ETFs in terms of funds serviced and sponsors supported, providing services to 400 products in the U.S. and nearly 500 total separate portfolios worldwide.
"Rapid innovation, growing investor interest in ETFs, the continuing upturn in the world's capital markets, and the demonstrated commitment that BNY Mellon has made to the ETF servicing business have all combined to drive this remarkable growth," said Joseph Keenan, managing director for BNY Mellon Asset Servicing and head of its global ETF services business.
Keenan noted ETFs that track emerging markets indices and those offering exposure to commodities and fixed income instruments were among the fastest growing segments of the global ETF services business. He added, "We expect this trend to continue. We will work closely with our clients and new sponsors to educate them about the features of ETFs.
"We will continue to invest in our industry-leading technology as we extend our capabilities to serve the widest array of ETFs and other exchange-listed products," said Keenan. "ETFs have demonstrated their growth potential on a global scale, and we believe BNY Mellon is uniquely positioned to support this rapidly expanding market."
BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services. BNY Mellon Asset Servicing provides services through BNY Mellon and other related companies.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $24.4 trillion in assets under custody and administration and $1.14 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at [ www.bnymellon.com ].
SOURCE BNY Mellon
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