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Stock impact report

U.S. Bank Expands Client Offerings in Europe With New ETF Servicing Capability, Secures First ETF European Client

U.S. Bancorp (USB) 
Last u.s. bancorp earnings: 4/15 06:45 am Check Earnings Report
Company Research Source: Business Wire
DUBLIN--(BUSINESS WIRE)--U.S. Bank today announced the launch of their new exchange-traded fund (ETF) services in Europe, as well as their first client for this offering. U.S. Bank will support Horizon Kinetics’ European version of their Inflation Beneficiaries ETF (Ticker: INFBN NA), an actively managed fund that seeks to address one of the most important economic and investment drivers – inflation – by identifying unique, scalable businesses that have the potential to thrive in an inflationary environment. The fund is structured as a UCITS ETF and will initially trade on Euronext Amsterdam.U.S. Bank will provide clients with a holistic suite of offerings, including fund administration, transfer agency, depositary and global custody solutions, as well as a number of specialized European exchange-traded fund services. “This builds on our reputation in the United States as a provider of choice for many leading U.S. ETF issuers,” said Ken Somerville, head of U.S. Bank Global Fund Se Show less Read more
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