The State Street Alpha Data Platform, an end-to-end data management and warehouse solution for institutional investment and wealth managers, has launched.
The platform uses an open architecture system, enabled by Snowflake, and allows clients to “seamlessly assemble and access investment data spanning internal and third-party services across their investment processes,” according to State Street. It provides access to front office data in near real-time and uses data catalog and visualization capabilities that yield higher quality data while reducing cost and accelerating decision making, the company says.
State Street Alpha leverages the product and engineering capabilities of Charles River Development and State Street, which has also partnered with Microsoft Azure on the new platform, it says.
The interoperable platform will also “serve as the foundation for the next stage of development for Alpha’s new solutions for cash and position management and performance measurement,” State Street says.
Tuttle Tactical Management Launches SPAC ETF
Tuttle Tactical Management introduced the SPAC and New Issue ETF (SPCX), which has an expense ratio of 0.95% and is listed on the NYSE.
The ETF is an actively managed portfolio of holdings in the fast-growing SPAC asset class, composed of special purpose acquisition companies, which are shell corporations designed to take companies public without going through the traditional IPO process. It also includes holdings of traditional initial public offerings. Citigroup is providing fund accounting and administration, custody, fund compliance support services, transfer agency and ETF services for the new fund.
Natixis Adds Sustainable Equity Fund
Natixis Investment Managers has launched the Mirova US Sustainable Equity Fund (MUSYX, 0.80%), a high-active share U.S. equity mutual fund that it says “benefits from Mirova’s deeply rooted experience in global sustainable investing and leadership” in environmental, social and governance (ESG).
MUSYX is an all-cap U.S. equity fund that seeks long-term capital appreciation by maximizing exposure to companies with a positive impact on the United Nations’ Sustainable Development Goals, as well as those with strong performance on material ESG indicators, it says.
Blue Horizon, Distillate Capital, Innovator Capital and Krane Funds Advisors Launch ETFs
Blue Horizon, Distillate Capital, Innovator and Krane Funds have all launched new exchange-traded funds.