Thornburg win puts SS&C’s ETF services in focus
Thornburg Investment Management’s decision to use SS&C Technologies Holdings (SSNC) for its actively managed ETF share class structure puts fresh attention on the stock and its role in fund operations.
The mandate covers oversight, calculation, reconciliation, shareholder coordination and conversion processing for Thornburg’s ETF share classes, which sit alongside existing ETFs with more than $860 million in assets.
Against that backdrop, SS&C Technologies Holdings has seen momentum build over the past quarter, with a 20.9% 90 day share price return and a 7.0% one year total shareholder return, even though the year to date share price move is slightly down from the US$84.07 level at the start of the year.
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