LUXEMBOURG--(BUSINESS WIRE)--Atlantic Fund Services Luxembourg is pleased to announce that Atlantic Fund Services in the US has launched Forum ETF Trust, a series trust designed for independent investment advisers to launch and operate adviser-branded actively managed ETFs. Forum ETF Trust will offer all the benefits of a traditional shared trust, with an important innovation. The Trust will use an investment manager–investment adviser structure rather than the typical adviser–sub adviser structure. The distinction is important because, while Forum Investment Advisors (FIA) will serve as investment manager to the Trust and has responsibility for certain compliance and oversight functions, the Trust’s advisers have sole responsibility for investment decisions.
The SEC recently issued the Trust an order enabling investment advisers to launch private label actively managed ETFs. FIA and the Trust are affiliates of Atlantic Fund Services, a global fund services outsource provider. Atlantic provides regulatory, compliance and corporate governance expertise to the Trust as well as the operational efficiencies of an advanced ETF processing platform.
Forum ETF Trust is part of the Forum Family of Funds, a private label turn-key mutual fund platform with over $6 billion in assets under administration. “We are pleased to expand our capabilities and product offering to include ETFs,” commented Mr. Hong, president of Atlantic US.
European asset managers who are looking to enter or to expand within the active ETF market can also now utilize Forum’s ETF structure. The US ETF market, now over $1 trillion, is still growing with remarkable speed and such growth creates opportunities for a wide array of investment managers and ETF products.
About Atlantic Fund Services
Atlantic Fund Services is a global third party fund administrator with $18 billion in assets under administration and operations in the U.S., Luxembourg and Poland. Atlantic Fund Services provides comprehensive fund administration, fund accounting, transfer agency, distribution and compliance solutions. Atlantic Fund Services supports registered and unregistered investment advisors, and advisors to pension funds, mutual funds, hedge funds, UCITS, SIFs, common and collective funds, ETFs and other pooled investment products. For more information, please visit www.atlanticfundservices.eu and www.atlanticfundservices.com or www.forumseriestrust.com.
