Dreyfus, a subsidiary of BNY Mellon Asset Management, will act as subadviser to the Trust. Through its asset servicing business, The Bank of New York Mellon will provide full fund accounting and administration services for the new ETFs.
The products will be marketed by both organizations.
“The creation of new ETFs complements what BNY Mellon Asset Management does already,’ said BNY Mellon Asset Management CEO Ron O’Hanley, in a press release. BNY Quantitative Equity Management Group already subadvises for WisdomTree, among others.