Smartshares Implements Bloomberg Solutions to Enhance ETF Portfolios and Support Future Growth

Bloomberg’s AIM and BSKT solutions deliver a robust passive investment management platform for Smartshares’ ETFs and unlisted funds

Bloomberg today announced New Zealand’s leading ETF provider, Smartshares, has selected Bloomberg’s solutions to significantly enhance its portfolio management and trading capabilities.

Smartshares uses AIM, a leading order management system (OMS), for enhanced portfolio analytics and risk management, trade execution, post-trade matching and compliance, and BSKT, to automate ETF creation and redemption process. The integration between AIM and BSKT enables Smartshares to significantly enhance its ETF portfolio management and trading capabilities and allow for long-term scalable growth across its funds business, which now has more than $5 billion Funds Under Management (FUM).

Smartshares CEO, Hugh Stevens, said, “We see this partnership as a major step forward in offering an institutional quality passive investment management capability across our ETFs and unlisted funds. Over the past year we’ve seen significant growth in interest of ETF’s from both investors and advisors and are very much looking forward to working closely with Bloomberg – as the first in the Asia-Pacific Region to be using these systems, to deliver better outcomes for our customers and clients.”

Bloomberg’s AIM is a leading order management system (OMS) that offers multi-asset capabilities for enhanced portfolio analytics and risk management, trade execution, post-trade matching and compliance and supports every stage of the investment lifecycle. BSKT automates the creation and redemption of baskets of ETFs. Together, the two solutions create a streamlined and efficient workflow that enhances ETF portfolio management by simplifying this complex investment process on a single interface resulting in significant cost efficiencies and a reduction in operational risk.

Philippa Thompson, Bloomberg’s Head of APAC Buy-side Enterprise sales, said: “We’re excited to partner with Smartshares in providing innovative technology solutions. ETF management workflows can be incredibly complex, involving interactions with many third parties that support trade matching, reconciliation, and execution. Bloomberg’s AIM and BSKT will allow Smartshares to have a more simplified process in connecting all parts of the workflow related to ETF creation and redemption.”

Bloomberg AIM, a leading order management system is part of Bloomberg’s Buy-Side solutions, which include AIM, PORT and PORT Enterprise. These solutions are used by some of the largest asset managers, hedge fund, insurance companies, pension funds and government agencies and now ETF issuers. AIM is used by nearly 15,000 professionals at over 900 client firms in over 90 countries to manage more than $17 trillion in assets.

BSKT is a part of Bloomberg’s comprehensive ETF suite of products that support the entire ETF lifecycle, and are used by investors, issuers, and liquidity providers. Powerful portfolio analytics allow clients to analyse positions, historical performance and risk. BSKT can also be leveraged by market-makers to create baskets of the underlying ETF assets in an automated way, creating major efficiencies across the entire investment lifecycle. Bloomberg subscribers can access more information via BSKT<GO> on the Bloomberg Terminal.

About NZX
For more than 150 years we have been creating opportunities for Kiwis to grow their personal wealth and helping businesses prosper. As New Zealand’s Exchange, we are proud of our record in supporting the growth and global ambitions of local companies. NZX operates New Zealand’s equity, debt, funds, derivatives and energy markets. To support the growth of our markets, we provide trading, clearing, settlement, depository and data services for our customers. We also own Smartshares, New Zealand’s only issuer of listed Exchange Traded Funds (ETFs), and KiwiSaver provider SuperLife. NZX Wealth Technologies is a 100%-owned subsidiary delivering rich online platform functionality to enable New Zealand investment advisors and providers to efficiently manage, trade and administer their client’s assets. Learn more about us at: www.nzx.com

About Bloomberg
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Terminal. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit Bloomberg.com/company or request a demo.

Media Contacts:

NZX Media
David Glendining –
+64 027 301 9248
David.glendining@nzx.com

Bloomberg
Helen Nelson
hnelson27@bloomberg.net