The $19-billion-AUM (as of March 31) fund arm of a publicly traded fintech giant has acquired
an ETF startup's $1.208-billion-AUM business, as planned.
| Laton Spahr|
President, Alps Advisors
Yesterday, Bill Stone
, chairman and CEO of SS&C Technologies Holdings, Inc.
that the Windsor, Connecticut-based firm has closed on its acquisition of assets of O'Shares ETFs
. Laton Spahr
, president of SS&C Alps Advisors
that O'Shares' four ETFs have converted into a quartet of Alps ETFs: the $781-million-AUM Alps | O'Shares U.S. Quality Dividend ETF
(OUSA), the $160-million-AUM Alps | O'Shares U.S. Small-Cap Quality Dividend ETF
(OUSM), the $221-million-AUM Alps | O'Shares Global Internet Giants ETF
(OGIG), and the $46-million-AUM Alps | O'Shares Europe Quality Dividend ETF
The deal was first unveiled
back in January.
"We are very excited to bring the O'Shares team and their innovative ETFs into the SS&C Alps Advisors' fold," Stone states. Spahr adds that the deal complements SS&C Alps' "existing income and thematic ETF investment principles."
As part of the deal, Boston- and Montreal-based O'Shares Investments will license its ETF indexes to SS&C Alps and will support the ETFs via ongoing marketing.
"We look forward to working with SS&C Alps leadership and sales team to support the growth of the funds in all markets across the country," states Kevin O'Leary
(aka "Mr. Wonderful"), chairman of O'Shares.
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