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Nottingham shepherds first administrator issuer led conversion of mutual fund to ETF
May 10, 2021 GMT
Adaptive Growth Opportunities ETF (AGOX)
The Nottingham Company, a leading fund administrator, issuer and consultant to the mutual fund and ETF industry, is pleased to announce live trading on NYSE ARCA for its first conversion of an open-end mutual fund to an exchange traded fund (ETF). Nottingham-affiliated series trust Starboard Investment Trust completed the registration portion of the process recently for the Adaptive Growth Opportunities Fund converting to Adaptive Growth Opportunities ETF (AGOX). Starboard Investment Trust is the first fund administrator sponsored series trust to convert one of its mutual funds to an ETF. The Adaptive Growth Opportunities Fund converted all its assets to AGOX on Friday May 7th, with public trading opening Monday morning May 10th.
May 10, 2021
On Monday, the Nottingham Company, a leading fund administrator, issuer, and consultant to the mutual fund and ETF industry, announced live trading on NYSE ARCA for its first conversion of an open-end mutual fund to an exchange traded fund (ETF).
Nottingham-affiliated series trust Starboard Investment Trust completed the registration portion of the process recently for the Adaptive Growth Opportunities Fund as it converted to the Adaptive Growth Opportunities ETF (AGOX). Starboard Investment Trust is the first fund administrator-sponsored series trust to convert one of its mutual funds to an ETF.
The Adaptive Growth Opportunities Fund converted all its assets to AGOX on Friday, May 7th, with public trading opening Monday morning, May 10th.