Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Music Royalty Enters the ETF Biz, But At Arm's Length Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, June 27, 2017

Music Royalty Enters the ETF Biz, But At Arm's Length

News summary by MFWire's editors

Music royalty is dipping its toe into the ETF business but staying out of the pool, at least for now.

On Thursday Oklahoma City, Oklahoma-based Exchange Traded Concepts (an ETF-in-a-box shop) filed with the SEC to create an ETF, the Quincy Jones Streaming Music, Media & Entertainment ETF, subadvised by Roswell, Georgia-based Vident Investment Advisory and PMed by Vident president Denise Krisko. The ETF will track the Quincy Jones Streaming Music, Media & Entertainment Index developed by BEANS Markets. The target launch date is 75 days from filing, which translates to September 5.

Quincy Jones
Musician
CityWire, ETF.com, the Financial Times, and the New York Post all reported on the planned ETF.

Perhaps other celebrities will want in on ETF action next.

Quincy Jones — the Rock & Roll Hall of Fame member, producer, and Oscar-nominated songwriter also known as "Q" — is licensing his name to BEANS, who in turn is sub-licensing it to Exchange Traded Concepts. Yet Jones and his eponymous production company are otherwise keeping the planned fund at arm's length, according to the filing.

... Quincy Jones did not and does not participate in developing, composing, calculating, or making any other determination with regard to the Index; makes no representation or warranty as to the suitability of the Index for use by the Fund or any other person for any purpose; and incurs no obligation or liability to the Fund, any investor, or any other third party on account of the license.

Quincy Jones is not the issuer or a sponsor or promoter of the Fund; has not passed upon the merits of the Fund or the sustainability of the Fund Shares as an investment by any person; and does not offer, sell, or recommend any investment Fund Shares ...


BNY Mellon and UMB will be administrators to the planned ETF, and BNY will also serve as transfer agent and custodian. Foreside will be the distributor and handle compliance, and Morgan Lewis & Bockius will provide legal counsel. An accounting firm has not yet been named, and the fund's expense ratio has not been revealed. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2021: Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF webinar - Gamification of Securities Trading: Fad or the Future?, April 14
  2. IDC Speaker Series - Diversity, Inclusion, and Implicit Bias: An Interview with Song Richardson, April 14
  3. IDC Virtual Roundtable: New Jersey and Pennsylvania - April 2021, April 15
  4. MFDF In Focus: Board Oversight of Sub-advisers, April 15
  5. The 31st Sub-Advised Funds Forum, Apr 20-21
  6. ETF.com Awards 2020, April 20
  7. IDC Virtual Roundtable: Florida - April 2021, April 20
  8. IMEA Marketing Council Roundtable | Engaging Advisors In a Virtual World, April 21
  9. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  10. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  11. IDC Virtual Roundtable: Alabama, Georgia, North Carolina, and South Carolina - April 2021, April 22
  12. IDC Webinar: The Future of the Workplace - April 2021, April 23
  13. IDC Virtual Roundtable: Arkansas, Louisiana, Mississippi, Oklahoma, Tennessee, and Texas - April 2021, April 27
  14. MFDF Case Studies in Fund Oversight — A Virtual Roundtable for Directors, Apr 28-29
  15. IDC Virtual Roundtable: Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota - April 2021, April 29
  16. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  17. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  18. ICI 2021 General Membership Meeting - Day 1, May 6
  19. Emerging Manager Forum USA, May 12-14
  20. ICI 2021 General Membership Meeting - Day 2, May 13
  21. 2021 FINRA Annual Conference, May 18-20
  22. IDC Speaker Series - Abby Joseph Cohen: A Conversation About the State of the Global Markets, May 19
  23. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  24. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  25. Irish Funds Online Annual Global Funds Conference 2021, May 19-20
  26. MFDF webinar - Fund Director Compensation: MPI Annual Survey (2021), May 20




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use