European white labelling firm, HANetf, has announced its total assets under management (AUM) has now exceeded USD5 billion.
At the start of 2024, HANetf’s total AUM stood at USD3.02 billion, and has since risen by 65.5 per cent year-to-date (YTD), making it one of the fastest growing ETF issuers in Europe across 2024.
The firm writes that significant AUM growth has come from investor interest in defence and uranium. Future of Defence UCITS ETF (NATO) has seen over USD500 million flows this year alone, now standing at over USD650 million AUM. Meanwhile, Sprott Uranium Miners UCITS ETF (URNM) has had over USD53 million in flows YTD, reaching USD273.85 million AUM.
Lloyd Focused Equity UCITS ETF (FEP) and Lloyd Growth Equity UCITS ETF (GEP), both of which only launched in May of this year, have also both seen notable inflows, the firm says. The focused equity ETF has accrued USD239 million, reaching an AUM of USD253.7 million. The growth equity ETF has seen USD196.1 million of inflows, reaching an AUM of USD211.8 million.
In terms of ETCs, The Royal Mint Responsibly Sourced Physical Gold ETC (RMAU) surpassed the USD1 billion AUM milestone for the first time in September, and also this year saw the proportion of recycled gold in its custody exceed 50 per cent, which was the initial target for the ETC. Meanwhile, SparkChange Physical Carbon EUA ETC (CO2) has seen USD63 million in inflows, reaching an AUM of USD154.6 million.
Hector McNeil, Co-Founder and Co-CEO of HANetf, comments: “We are delighted to have surpassed the USD5 billion AUM milestone. We now have over USD5 billion assets under management spread across our diverse fund range, thanks to significant growth in 2023 and 2024.
“At HANetf, we are committed to helping our white label clients launch new and exciting ETFs and ETC/Ns, and it is great to see these products gaining such impressive institutional interest. Since HANetf launched only five years ago, we have had positive net new assets every year – a real achievement given the market volatility we’ve seen over that period.
“We’ve also entered partnerships with some truly brilliant people, and we look forward to continuing to work with them in the future, as well as with new clients coming to our platform. I’d like to thank our clients, investors, service providers, and the entire HANetf team for their help and hard work.
“HANetf has proved that we can lower the barriers to entry to the European ETF market for asset managers who have unique and exciting IP and want to offer to European investors in a time and cost-efficient manner. The extra benefits of having a full distribution solution including a comprehensive sales team, highly effective marketing including digital offering, and a very experienced capital markets team, means that asset managers reduce their time to market, execution risks and costs.”
“HANetf has received enquiries from not just asset managers, but also hedge funds, private equity, neo & online brokers, robo-advisers, pension funds, governments, wealth managers, private banks, high net worth individuals and even YouTubers about creating ETFs for them. This shows the power of white labelling!”
“Going forward, we have some exciting products in the ever-bulging pipeline, including active and defined outcome ETFs – make sure to watch this space!”
