State Street Corporation announced that it will serve as the custody, accounting, and regulatory compliance provider for Dimensional Fund Advisors’ two newly launched UCITS ETFs – the Global Core Equity UCITS ETF and the Targeted Value UCITS ETF – with the funds domiciled in Ireland and listed on the London and Frankfurt exchanges.
The partnership gives State Street full responsibility for the funds’ day‑to‑day operations, including custody, fund accounting, and compliance with EU UCITS regulations. By handling these core functions, State Street will enable Dimensional to focus on its evidence‑based investment strategy while leveraging State Street’s established European infrastructure.
For State Street, the deal expands its fee‑generating platform services in a high‑growth segment of the ETF market. Adding Dimensional, the largest active‑ETF issuer in the United States, strengthens State Street’s client portfolio and positions the firm to capture a larger share of the European UCITS fee stream.
Dimensional’s entry into the European market reflects the growing demand for actively managed ETFs that target factors such as size, value, and profitability. The UCITS framework allows the funds to be marketed across the EU, giving Dimensional access to a broad investor base while State Street’s expertise in regulatory compliance ensures a smooth launch.
Ken Shaw, Head of EMEA ETF Product at State Street, said the partnership “leverages our global leadership in ETFs and our robust operational infrastructure to support Dimensional’s important launch.” Andreas Constantoulakis, Head of ETF Capital Markets, EMEA, at Dimensional, added that “State Street’s experience, technology and ETF servicing expertise have been instrumental in preparing for this launch, and we look forward to working with them as our ETF lineup expands.”
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