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Cullen Capital Management LLC Selects SEI's Advisors' Inner Circle Fund Trust to Launch First Active ETF
Active ETF Trend Provides Growth Opportunity for Asset Managers OAKS, Pa., March 7, 2024 /PRNewswire/ -- SEI® (NASDAQ: SEIC) today announced that Cullen
About this update from Sei Investments Company
[{"type":"text","content":"Active ETF Trend Provides Growth Opportunity for Asset Managers \nOAKS, Pa., March 7, 2024 /PRNewswire/ -- SEI® (NASDAQ: SEIC) today announced that Cullen Capital Management LLC (Cullen Capital) selected the Advisors' Inner Circle Fund® as its operational platform for the Cullen Enhanced Equity Income ETF (NYSE: DIVP), its first active ETF. Cullen Capital's first active ETF aims to offer a higher income potential compared to traditional equity-income investments.\n\nAssets in active ETFs have grown significantly from $350.4 billion in 2022 to $532.9 billion in 2023, representing a 34% increase1 and driving the entry of asset managers like Cullen Capital into the active ETF market. DIVP integrates dividends from equity holdings with premiums from covered call options on a portion of the portfolio, enabling the potential for upside market participation in addition to income generation.\nJeff Cullen, Managing Director of Cullen Capital Management, said: \n\"We've selected SEI's Advisors' Inner Circle Fund to launch our first active ETF because it offers an established, proven operational platform that efficiently addresses the complexities associated with ETF product strategy, distribution, and compliance. SEI's series trust and client service model provides us with the infrastructure and expertise needed to quickly and successfully bring our first ETF to market.\" \nMike Beattie, Managing Director of SEI's Investment Managers business and President of the Advisors' Inner Circle Fund, added: \n\"We are pleased to provide Cullen Capital Management with the operational infrastructure and advice they need to launch their active ETF product. With our turnkey operational platform and dedicated, skilled relationship management team, SEI will provide ongoing oversight of their ETF fund.\" \nWith the significant increase in new active ETFs hitting the market in 2023, investors piled another $131 billion into their net flows, setting another annual record. That growth accounted for 22.1% of net flows into all ETF products in 2023.1 \nJohn Alshefski, Senior Vice President and Managing Director of SEI's Traditional Investment Managers business, said:\n\"Asset managers like Cullen Capital Management are expanding their investment lineup with active ETFs, and we're excited to support them with the Advisors' Inner Circle Fund Trust—alleviating t...