DALLAS, Dec. 13, 2012 /PRNewswire/ -- Esposito Partners (EP) is pleased to announce the expansion of its Sub-Advisory services for Factor Advisors' three new PureFunds global equity Exchange Traded Funds (ETF). These include the first ever ETF to hold shares exclusively of companies engaged in the diamond/gemstone industry. These innovative funds track indices developed by the International Securities Exchange (ISE) with annual expense ratios of 0.69 percent. With this increased business in global ETF operations, EP has proven it is a value added Sub-Advisory partner to Global and Emerging Markets, as well as other asset classes.
"Our growth has been fueled by partnerships with our clients to fill unmet needs through our core competencies and to innovate and create a technology platform that benefits our partners," said Mark Esposito, Founder of Esposito Partners. "Many existing relationships have realized a strategic benefit by designating EP as their Sub-Advisor of choice. Working closely with the ETF's custodian and trustee, EP has developed processes designed to minimize the costs and tracking errors in order to optimize the efficiencies associated with domestic and global ETFs."
"We are pleased that Esposito Partners has been selected as the Sub-Advisor for PureFunds," said Kris Monaco, Head of New Product Development at ISE. "Together with PureFunds and Factor Advisors, we are confident that this will develop a strong foundation for future product innovation."
Andrew Chanin, PureFunds Co-Founder and COO stated "PureFunds is proud to debut these innovative ETFs (GEMS, MSXX and SILJ), and looks forward to building a strong and mutually beneficial relationship with Esposito Partners as Sub-Advisor to the Funds."
PureFunds™ ISE Diamond/Gemstone ETF (NYSEARCA:GEMS), seeks to replicate the price and yield performance of the ISE Diamond/Gemstone™ Index of companies actively engaged in the gemstone industry including exploration, production, or sales of precious stones.
PureFunds™ ISE Mining Service ETF (NYSEARCA:MSXX), seeks to replicate the price and yield performance of the ISE Mining Service™ Index of the largest and most liquid companies involved in facilitating the operations of the mining industry as a whole, including companies that manufacture, lease, sell and provide equipment, as well as, companies that provide consulting or other services to the industry.
PureFunds™ ISE Junior Silver ETF (NYSEARCA:SILJ), seeks to replicate the price and yield performance of the ISE Junior Silver Miners™ Index, a benchmark for investors interested in tracking small-cap public companies active in the silver mining exploration and production industry.
Sam Masucci, CEO of Factor Advisors added, "We are excited to be working with Esposito Partners on PureFunds which are the 1st products to launch on our new '40 Act ETF platform. The Esposito team of seasoned professionals is well equipped to fill the role of sub-advisor to the new global equity funds."
Esposito provides across the board services to its clients that create a valuable resource to the Portfolio Managers' investment decisions. Esposito Partners, LLC is a SEC registered Investment Advisor offering Sub-Advisory and ETF solutions. To experience the Esposito commitment to customer service and for further information on their products and services, please contact us at [email protected].
SOURCE Esposito Partners
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