Total AUM for European white label UCITS ETF issuer HANetf’s on-platform funds has reached USD51 million, driven by significant investor inflows and performance-based growth, bringing YTD asset growth on the platform to 768 per cent.
HANetf, which was formed in 2017 by Nik Bienkowski and Hector McNeil and launched its first product in the fourth quarter of 2018, provides a full white label issuance, operational, regulatory, distribution and marketing turn-key solution for asset managers who want to launch and manage UCITS ETFs.
HANetf currently has three asset management clients and five ETFs but is aiming to establish itself as a major European ETF player with ETFs covering all asset classes. The company says it is currently in conversations with over 300 asset managers globally about entering the European UCITS ETF space.
Hector McNeil, co-Founder and co-CEO HANetf, says: “We are delighted to have reached this important milestone, which demonstrates the unique power of the HANetf platform. Prior to the advent of HANetf, new ETF issuers have struggled to enter Europe due to the cost and complexity of establishing an ETF business from scratch. By providing a full regulatory and operational infrastructure, HANetf is enabling asset managers to leverage the disruptive distribution potential of ETFs to reach new types of investors in new markets with new or added value investment concepts.
“The HANetf team has over 150 years of experience in ETFs and we have built, and are growing, one of the most formidable and knowledgeable ETF sales and distribution teams in the market, supported by a sophisticated digital marketing platform that gives our clients immediate reach, scale and value and enables them to compete and win against established providers.
“The European ETF industry is growing rapidly and continues to see consistent inflows even as investors withdraw money from traditional funds. We see significant room for European assets to exceed $2 trillion in the near future and HANetf will be part of this growth story, providing innovative ETFs for modern portfolios.”
Organic growth in on-platform funds has also contributed to the growth in assets, with year to date performance ranging from 14 per cent to 23 per cent.