BOSTON & NEW YORK--(BUSINESS WIRE)--Natixis Investment Managers (Natixis) and the NYSE Group, Inc. (NYSE) announced today that they have entered into a licensing agreement whereby NYSE Group has licensed to Natixis Advisors, L.P. the right to use the New York Stock Exchange’s methodology for operating an actively managed, periodically disclosed exchange-traded fund (ETF).
The proposed ETF would use the methodology to disclose on a daily basis a proxy portfolio designed to reflect the economic exposures and risk characteristics of the ETF’s actual portfolio at the end of the trading day. The proposed structure would allow market makers to effectively hedge their exposures and maintain reasonable bid/ask spreads for the ETF, while at the same time, mitigate the risk of front-running and free riding that could be detrimental to an actively managed ETF and its investors.
“We are always looking for innovative new ways to give investors convenient access to our actively managed strategies, so we are excited to partner with the NYSE to begin the process to bring this promising new technology to market,” said David Giunta, CEO for the US and Canada at Natixis Investment Managers.
Douglas Yones, Head of Exchange Traded Products for the NYSE, said, “The work of Natixis represents an important next step for the ETF community through a periodically disclosed active ETF solution. We embrace such opportunities to work with the ETF industry to spur innovation and product development that results in greater investor choice.”
The new structure is subject to all applicable regulatory approvals, which Natixis is in the process of securing.
Natixis is committed to being the leading provider of truly active investment solutions and the agreement with NYSE further illustrates Natixis’ desire to solve investment challenges and meet investor goals. Natixis consistently looks for new ways to offer its affiliates’ asset management capabilities in vehicles sought by investors such as the introduction of the Environmental, Social and Governance (ESG) affiliate, Mirova, to the US market in 2016 and the offering of the first ESG Target Date Series, the Natixis Sustainable Future Funds in 2017.
About Natixis Investment Managers
Natixis Investment Managers serves financial professionals with more insightful ways to construct portfolios. Powered by the expertise of 26 specialized investment managers globally, we apply Active ThinkingSM to deliver proactive solutions that help clients pursue better outcomes in all markets. Natixis ranks among the world’s largest asset management firms1 (€813.1 billion / $961.1 billion AUM2).
Headquartered in Paris and Boston, Natixis Investment Managers is a subsidiary of Natixis. Listed on the Paris Stock Exchange, Natixis is a subsidiary of BPCE, the second-largest banking group in France. Natixis Investment Managers’ affiliated investment management firms and distribution and service groups include Active Index Advisors®;3 AEW; AlphaSimplex Group; Axeltis; Darius Capital Partners; DNCA Investments;4 Dorval Asset Management;5 Gateway
Investment Advisers; H2O Asset Management;5 Harris Associates; Investors Mutual Limited; Loomis, Sayles & Company; Managed Portfolio Advisors®;3 McDonnell Investment Management; Mirova;6 Natixis Asset Management; Ossiam; Seeyond;7 Vaughan Nelson Investment Management; Vega Investment Managers; and Natixis Private Equity Division, which includes Seventure Partners, Naxicap Partners, Alliance Entreprendre, Euro Private Equity, Caspian Private Equity and Eagle Asia Partners. Not all offerings available in all jurisdictions. For additional information, please visit the company’s website at im.natixis.com | LinkedIn: linkedin.com/company/natixis-investment-managers.
Natixis Investment Managers includes all of the investment management and distribution entities affiliated with Natixis Distribution, L.P. and Natixis Investment Managers S.A.
About NYSE Group
NYSE Group is a subsidiary of Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses, and a provider of data and listings services. NYSE Group includes exchanges, market data and connectivity services. The equity exchanges -- the New York Stock Exchange, NYSE American and NYSE Arca -- trade more U.S. equity volume than any other exchange group. NYSE is the premier global venue for capital raising, leading worldwide in IPOs, including technology IPOs. NYSE Arca Options and NYSE Amex Options are leading equity options exchanges. To learn more, visit www.nyse.com/index.
1 Cerulli Quantitative Update: Global Markets 2017 ranked
Natixis Investment Managers (formerly Natixis Global Asset Management)
as the 15th largest asset manager in the world based on assets under
management as of December 31, 2016.
2 Net asset value as of September 30, 2017. Assets under management (“AUM”), as reported, may include notional assets, assets serviced, gross assets and other types of non-regulatory AUM.
3 A division of Natixis Advisors, L.P.
4 A brand of DNCA Finance.
5 A subsidiary of Natixis Asset Management.
6 A subsidiary of Natixis Asset Management. Operated in the U.S. through Natixis Asset Management U.S., LLC.
7 Operated in the U.S. through Natixis Asset Management U.S., LLC.