SS&C will oversee key operational functions for Thornburg’s exchange-traded fund (ETF) share classes, including calculation, reconciliation and shareholder coordination.
New Mexico-based Thornburg Investment Management (Thornburg) has selected SS&C Technologies Holdings to support the ETF share class structure for its investment products. As of 31 August, Thornburg reported US$62 billion in client assets The mandate follows Thornburg’s receipt earlier this year of exemptive relief to launch actively managed ETF share classes for two mutual funds, Thornburg American Opportunities Fund and Thornburg Focus Growth Fund. The share classes, launched in