Active ETF Trends Present Growth Opportunities
for Asset Managers
OAKS,
Pa., Dec. 12, 2023 /PRNewswire/ --
SEI® (NASDAQ: SEIC) today announced that CastleArk
Management, a $3 billion Chicago-based investment manager specializing
in active equity strategies in domestic and non-U.S. markets,
selected the Advisors' Inner Circle Fund® (AIC) as its
operational platform to launch the CastleArk Large Growth ETF, its
first active ETF.
Jerry Castellini, President
and Chief Investment Officer of CastleArk Management,
said:
"We chose SEI's Advisors' Inner Circle platform because of the
comprehensive services it offers—coupled with the access it
provides to highly skilled experts who understand the unique
aspects of the ETF vehicle and marketplace. We believe these
capabilities and the strategic relationship we've fostered with SEI
offer us the greatest opportunity for an efficient, cost-effective
fund launch."
Mike Beattie, Managing
Director of SEI's Investment Managers business and President of the
Advisors' Inner Circle Fund, added:
"The Advisors' Inner Circle Fund Trust continues to expand its
ETF presence, and we're pleased to support CastleArk as a strategic
partner in their first ETF launch. Our turnkey operational platform
and ETF expertise allow us to efficiently and cost-effectively
bring firms like CastleArk to the ETF marketplace."
From the beginning of 2021 through third quarter 2023, 797
active ETFs launched. Over that same time period, assets under
management in active ETFs grew by $273
billion, an increase of 158%. With the significant uptick in
fund launches and asset growth, active ETFs' market share of
overall ETF assets nearly doubled from 3.2% to 6.1% over the same
time period.1
John Alshefski, Senior Vice
President and Head of Outsourcing Services for traditional
managers, said:
"Asset managers are seeking to tap into the fast-growing ETF
market because they offer tax benefits and lower operating costs
compared to mutual funds. Managers are also looking to offer more
innovative investment vehicles, and the ETF structure is proving to
be more popular for niche strategies."
SEI helped pioneer the series trust concept more than 30 years
ago by introducing the Advisors' Inner Circle Fund Trust via an
institutional-quality turnkey mutual fund operating platform. The
AIC series trust enables investment organizations to rapidly launch
and grow mutual funds, exchange traded funds, interval, and tender
offer funds without having to build their own fund operating
infrastructure. The platform is designed for asset managers seeking
a more cost-effective way to operate their existing funds.
About SEI®
SEI (NASDAQ:SEIC) delivers
technology and investment solutions that connect the financial
services industry. With capabilities across investment processing,
operations, and asset management, SEI works with corporations,
financial institutions and professionals, and ultra-high-net-worth
families to help drive growth, make confident decisions, and
protect futures. As of Sept. 30,
2023, SEI manages, advises, or administers approximately
$1.3 trillion in assets. For more
information, visit seic.com.
About SEI's Investment Managers business
SEI's
Investment Managers business supplies investment organizations of
all types with the advanced operating infrastructure they must have
to evolve and compete in a landscape of escalating business
challenges. SEI's award-winning global operating platform provides
investment managers and asset owners with customized and integrated
capabilities across a wide range of investment vehicles,
strategies, and jurisdictions. SEI's services enable users to gain
scale and efficiency, keep pace with marketplace demands, and run
their businesses more strategically. SEI partners with more than
550 traditional and alternative asset managers, as well as
sovereign wealth funds and family offices, representing more than
$40 trillion in assets, including 49
of the top 100 asset managers worldwide.* For more information,
visit seic.com/ims.
*Based on Pensions & Investments' "Largest Money Managers"
2021 ranking.
1 FUSE Research Network, Morningstar, November,
2023.
Company
Contact:
|
Media Contact:
|
Emily
Baldwin
|
Kerry Mullen
|
SEI
|
Vested
|
+1
610-676-3262
|
+1
917-765-8720
|
ebaldwin@seic.com
|
kerry@fullyvested.com
|
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SOURCE SEI Investments Company