U.S. Bank has started offering exchange-traded services in Europe, and its first client is Horizon Kinetics. The company will support Horizon Kinetics’ Inflation Beneficiaries ETF, a UCITS ETF, which will trade on Euronext Amsterdam. U.S. Bank will provide a range of offerings, including fund administration, transfer agency, depositary, and global custody solutions, as well as specialized European exchange-traded fund services. The move is aimed at servicing both existing U.S. Bank ETF relationships looking to expand their ETF distribution into Europe and new clients aiming to launch funds in the European ETF space.
ETF Newz Says:
U.S. Bank is expanding its relationship with Intercontinental Exchange by adopting the ICE ETF Hub as a front-end and order entry platform for its ETF clients.
