Gabelli Funds selects BNY Mellon OMNI for launch of new actively managed ETF

Gabelli Funds has selected BNY Mellon’s OMNI platform for integrated custody, accounting, administration and ETF Services – including BNY’s proprietary ETF Center – for the launch of its new actively managed ETF, Gabelli Love Our Planet and People (LOPP). 

LOPP focuses on investing in companies committed to sustainable practices such as renewable energy and the reduction or recycling of long-lived wastes. The fund incorporates a research-intensive process of both value focused social screens and a holistic ESG analysis to deliver returns in an environmentally accountable manner. Additionally, all fees and expenses will be absorbed by Gabelli Funds on the first $100 million invested in the Fund, for at least the first twelve months. 

“This win marks yet another milestone in BNY Mellon’s growth in servicing active non-transparent ETF products,” says Ben Slavin, Global Head of ETFs, Asset Servicing at BNY Mellon. “Now more than ever, flows into the ESG space continue to climb, and it appears that this trajectory will only accelerate. We are proud to support these types of ESG-themed products through our OMNI platform, and are excited to work with Gabelli Funds to provide investors with the opportunity to expand their portfolios into ESG and sustainable investing-themed products.” 

Through its unique insights in the ESG space and extensive client experience with individual and institutional investors, BNY Mellon will support Gabelli Funds’ entry into the field. This collaboration will facilitate greater efficiency and transparency in fund administration, providing value for investors who seek a fund that mirrors their own ESG principles. 
 

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