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Rating:A 47-Year-Old Boutique's 1st ETF Reaches $100MM Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 31, 2024

A 47-Year-Old Boutique's 1st ETF Reaches $100MM

Reported by Neil Anderson, Managing Editor

The team at a $9.1-billion-AUM (as of March 31), 47-year-old, options-focused boutique is celebrating a big milestone for their first ETF. The Ohio asset manager is part of a $1.3-trillion-AUM multiboutique.

Earlier this month, Michael Buckius — who is president, CEO, and chief investment officer of Natixis Investment Managers' [profile] Gateway Investment Advisers, LLCrevealed that the Natixis Gateway Quality Income ETF (GQI on the NYSE Arca) recently surpassed $100 million in AUM. As of yesterday, the actively managed ETF had $103.71 million in AUM.

GQI is a series of Natixis ETF Trust, and the fund's inception date was December 13, 2023, about seven months ago. It comes with an expense ratio of 34 basis points (which bakes in a 24bps fee waiver promised through April 30, 2026).

Boston-based Natixis Advisors serves as investment advisor and administrator to GQI, while Cincinnati-based Gateway serves as subadvisor. The ETF's PM team includes four Gateway folks: Daniel Aschcraft, vice president and portfolio manager; Kenneth Tolt, senior vice president and PM; Michael Trotta, PM; and Buckius himself.

Buckius highlights "the rapid investor adoption of GQI."

"Gateway is proud to offer this actively managed ETF for investors who seek consistent income and wish to remain invested in the stock market," Buckius states.

Nicholas Elward, senior vice president and head of institutional products and ETFs at Natixis IM, says that the milestone shows "that investors are starving for simple products that solve complex problems."

"As an active, income-producing ETF, GQI allows investors to stay invested in the stock market, ᰬ especially important in thses volatile times ̵ while offering consistent income.

GQI's other service providers include: SS&C's Alps Distributors, Inc. as distributor; PricewaterhouseCoopers LLP as independent accounting firm; Ropes & Gray LLP as counsel; and State Street Bank and Trust Company as custodian, dividend paying agent, shareholder servicing agent, and transfer agent. 

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