Rhea-AI Summary
SEI announced that Brown Advisory has selected the Advisors' Inner Circle (AIC) series trust platform to launch its first ETF, the Brown Advisory Flexible Equity ETF (BAFE). The fund, focusing on U.S. companies, was created through the conversion of taxable SMAs. This launch comes as the U.S. ETF market reached a record $10 trillion in September 2024.
The AIC platform, pioneered by SEI over 30 years ago, currently manages $103 billion in net assets, serving 45 clients and 121 funds. The platform enables investment organizations to launch and grow various fund types without building their own operating infrastructure.
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