At a glance
- The funds are the State Street Kempen US Small Cap Active Equity UCITS ETF and the State Street Kempen Europe ex-UK Small Cap Active Equity UCITS ETF.
- For a fund selector, the total cost of access remains unresolved because expense ratios have not been published.
- State Street IM said the launch continues the expansion of its active ETF range, which it says has grown significantly over the past year.
State Street Investment Management and Van Lanschot Kempen are launching two active small-cap equity ETFs, one for US small caps and one for Europe ex-UK small caps.
The funds are the State Street Kempen US Small Cap Active Equity UCITS ETF and the State Street Kempen Europe ex-UK Small Cap Active Equity UCITS ETF. Both will be established inside State Street IM's existing ETF umbrella, with Van Lanschot Kempen sub-advising the portfolios. They are Article 8 products under SFDR and build sustainability characteristics into the investment process.
For a fund selector, the total cost of access remains unresolved because expense ratios have not been published. Van Lanschot Kempen's small-cap team will run the portfolios using its fundamental process, while State Street IM provides the umbrella and distribution. The eventual fee determines how much of the specialist manager's stock selection reaches investors.
State Street IM said the launch continues the expansion of its active ETF range, which it says has grown significantly over the past year. As Private Wealth Daily previously reported, it added a mutual fund share class to its $170 billion SPYM ETF in October.
Reported by the Launches desk from ETF Express. Published . Corrections