State Street, a US-based international financial services holding company, has agreed to expand its relationship with Earnest Partners to deliver a comprehensive suite of servicing for the firm’s new UCITS funds.
Under the terms of the agreement, Earnest Partners will offer global access to equity strategies through its Irish domiciled UCITS funds, including global emerging markets, frontier markets, and global ex-US equities.
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State Street will now also provide asset management services (AMS) and key investor information document (KIID) solutions as well as support for provision of past performance and document collation, as part of the expansion of its current servicing relationship.
Presently, State Street offers support for EARNEST Partners’ onshore funds.
State Street head of the asset manager solutions team in Ireland Gavin Nangle said: "This UCITS partnership and State Street’s related best of breed products and services will help support EARNEST Partners as they expand their offshore fund offerings."
Earnest Partners founder and CEO Paul Viera commented: "We have seen increasing interest from investors for offshore opportunities, so this extension of our relationship with State Street enables us to meet this demand."
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By GlobalData"The UCITS structure provides important investor protection, regulatory and disclosure characteristics, which, combined with State Street’s extensive experience in the area, make these funds an attractive prospect for investors."
