Exchange Traded Concepts, LLC, ("ETC"), a provider of white-label exchange traded fund (ETF) solutions, announced today that it is providing portfolio management services for the newest ETF launched by ROBO Global®, the ROBO Global® Healthcare Technology ETF (HTEC), which launched on Tuesday, June 25, 2019.
One year ago, ETC launched its portfolio management services, which not only include providing portfolio management to funds that ETC acts as investment adviser for clients using its white-label platform service, but also sub-advisory services to other ETF issuers and investment advisers. The latest launch brings the total number of funds that are managed by the ETC portfolio management team to ten. Starting with a technology-driven approach, ETC has built a team with extensive experience in basket construction, and managing both passive and active global portfolios across an array of asset classes.
"First and foremost, we place engineering as a core element of the portfolio management process. The entire PM team has invested a significant amount of time and resources building systems for position management, trade modeling and analysis, workflow automation, as well as customized performance and post-trade reporting for clients,"
said Andrew Serowik, Portfolio Manager at Exchange Traded Concepts.
The portfolio management team is headed by former Goldman Sachs trading veteran Andrew Serowik, who worked with ETC Partners Jay Baker and Rich Hogan at Spear, Leeds & Kellogg and Goldman Sachs. Andrew played a crucial role, as both a trader and a technologist, in transforming the floor-based ETF specialist business into an automated, electronic market making business.
Partnered with Andrew in the trading group is ETF industry veteran Travis Trampe. His experience as a portfolio manager for several top tier ETF sponsors, including Invesco PowerShares, provides ETC with a capital markets insider that helps ETC clients gain additional efficiencies. Travis has extensive knowledge in portfolio management, trading, research, and analysis within US and Global Equity markets for exchange-traded products, including UCITS.
"We are thrilled to be working with the ROBO Global team to bring this timely and innovative fund to market," said J. Garrett Stevens, CEO of Exchange Traded Concepts."Great colleagues and great ideas are the true drivers of ETF success," continued Stevens. "We're very pleased to add ROBO Global to our growing list of partners who are using our portfolio management solution."
Important Disclosures
Exchange Traded Concepts is an SEC Registered Investment Adviser. The Firm's Form ADV is publicly available and can be found here: https://www.adviserinfo.sec.gov/Firm/151197. ETC may be subject to various conflicts of interest in the provision of its services. Potential conflicts of interest shall be identified in the Firm's Form ADV. The Exchange Traded Funds are referred to as "Funds" for purposes of this document. ETC transacts business in the United States and other jurisdictions where it is properly registered or excluded or exempted from registration requirements. This document does not constitute an offer of services in jurisdictions where ETC does not have the necessary licenses.
No representation is made that any Fund's investment process, objectives, goals or risk management techniques will or are likely to be achieved or be successful or that any Fund or any underlying investment will make any profit or will not sustain losses. The risks of investing in a Fund will not be negated by ETC's Fund services, and no assurance is given that a Fund will not be exposed to risks of significant trading losses.
The information provided herein does not constitute tax, legal or accounting advice. ETC does not provide legal, financial, accounting or tax advice. Clients and prospective Clients, as well as investors and prospective investors in a Fund ("Investors") are advised to seek the counsel of their own legal, financial and tax advisors for all matters relating to the services and structures contemplated herein. Each Investor (either alone or with its professional advisors) is solely responsible for its own due diligence, risk assessment and tolerance, investment objectives, any decision to invest in a Fund, and for monitoring its investment for purposes of determining whether it wishes to remain invested in such product and whether such product continues to be appropriate for its circumstances and requirements.
The information provided herein: (a) is provided as of the date indicated, (b) is in summary only and is not complete, and (c) is subject to change at any time without notice. Certain information provided by ETC is based on third-party sources and, although generally believed to be reliable, has not been independently verified. ETC is not responsible for errors or omissions from these sources. No representation is made with respect to the accuracy, completeness, or timeliness of such information, and ETC assumes no obligation to update or otherwise revise such information. In no event will ETC be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with the use of the information contained herein, even if advised of the possibility of such damages. ETC and its respective employees and its affiliates hereby exclude, to the extent permitted by applicable law, all liability in connection with the use of the information herein.
Interests in Funds will not be insured by the FDIC, the SIPC or any other organization, will not be deposits of any bank, and are not guaranteed by any bank.