© Reuters.
In a move that underscores the growing intricacies of Europe’s “white label” exchange-traded fund (ETF) industry, HANetf has entered into a strategic partnership with Tidal Financial Group to expand investment opportunities across the Atlantic. This collaboration is poised to enhance the ability of smaller fund managers to efficiently launch new funds by leveraging the combined expertise and infrastructure of both entities.
HANetf, a leading European third-party ETF platform co-headed by CEO Hector McNeil, currently manages $2.7 billion across 33 ETFs. The partnership with Tidal Financial Group, led by Mike Venuto, will enable asset managers to concurrently introduce ’40 Act (US) and Ucits (EU) structured funds, streamlining the process for rolling out new investment products in both markets.
The white-label ETF sector in Europe has been gaining momentum, with various players aiming to capitalize on the market’s potential. Waystone’s CEO Paul Heffernan is steering their white-label business towards launching four client funds, pending seed funding discussions. Meanwhile, Benjamin Linn of Axxion is working on introducing a fund focused on global sustainability goals. Goldman Sachs’ Accelerator is also preparing to make its entry into Europe with innovative offerings.
Additionally, Leverage Shares, under the guidance of Jose Poncela, continues to grow its suite of ETPs (Exchange-Traded Products), targeting various strategies while navigating the fragmented European market. The European landscape presents unique challenges due to regulatory diversity, which often hinders standardized expansion efforts.
This partnership between HANetf and Tidal Financial Group signals a significant development for the white-label ETF industry in Europe, providing a template for other firms looking to bridge gaps between different regulatory environments and expand their global footprint.
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