SEI and Brown Advisory have selected the Advisors’ Inner Circle Fund series trust as its operational platform to launch the Brown Advisory Flexible Equity ETF.
This is Brown Advisory’s first ETF; a fundamental active strategy focused on US companies.
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Brown Advisory’s Flexible Equity ETF is managed by a tenured team with an existing footprint in mutual funds and separately managed accounts (SMAs).
Moreover, Brown Advisory’s fund launches as the US market maintains a strong growth rate, reaching a record high of $10trn at the end of September.
Institutional asset managers, such as Brown Advisory, have driven growth in recent years, bringing to market established strategies and entering the market with significant assets due to the conversion of SMAs or mutual funds. The BAFE ETF was launched through the conversion of taxable SMAs.
Chris Bartlett, Head of the Institutional business of Brown Advisory, said: “We chose to partner with SEI through the Advisors’ Inner Circle platform because they offer an established, proven infrastructure, high-touch service, specialist resources, and a knowledge transfer model that supports our long-term plans in ETFs. ETFs afford multi-dimensional benefits to our clients, and we view SMA conversions as a unique tool to accomplish a tax-efficient transition to a tax-efficient vehicle. The conversion required a significant level of care, coordination, and due diligence, and SEI has been a strong strategic partner in this important initiative.”
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By GlobalDataJohn Alshefski, Senior Vice President and Head of SEI’s Traditional Investment Managers business, added: “We’re excited to welcome Brown Advisory to the Advisors’ Inner Circle Fund Trust and believe the ETF marketplace and ecosystem will celebrate the entry of this unique manager. We’re committed to supporting Brown Advisory’s growth and look forward to building a long-term relationship.”
