Active ETFs launch in France

This week saw the news that, as our Paris-based correspondent, Romain Thomas, put it, The Financial Markets Authority (AMF) by an order from the Minister of the Economy, Finance and Industrial and Digital Sovereignty published in the Official Journal, now allows to list active ETFs on the Paris Stock Exchange, operated by the pan-European stock exchange Euronext.

Since the launch of the first French ETF in 2001, the Monetary and Financial Code in France has provided for the possibility of admitting shares of a collective investment on a regulated market, only if this ETF replicates an index and responds to systematic and non-discretionary management. The development will encourage growth in active ETFs in France, with leading French ETF issuers queuing up to launch their existing active ETF range on Euronext in Paris.

We also have news this week from Luxembourg, where the recent ALFI conference heard a proposal to offer tax breaks on active ETFs.

Far from Paris and Luxembourg, Fiona Nicolson reported on the Lone Star State’s Texas Capital, which is where ETF veteran Ed Rosenberg has landed as managing director, head of ETF & funds management. 2023 saw the firm launch three ETFs focused on their home state but Rosenberg tells her that plans are afoot to strategically broaden the range within the Lone Star State.

Nominations for Canadian ETF service providers are still open – place your nominations now, using this link.

Voting for Canadian ETF issuers, shortlisted using data from our data partners Trackinsight, and the winning nominees from the service providers, will open on 15th April.

Beverly Chandler, Managing Editor

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Delegates at ALFI’s 2024 Global Asset Management Conference held at the European Convention Center in March saw chair Jean‑Marc Goy admit that this year the fund industry is confronted with an uncertain and unstable economic and geopolitical environment, buffeted by high inflation and interest rates. 
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is now possible to list active ETFs in France.
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial, investment and personal banking.   
The survey to nominate your chosen ETF service providers in the Canadian ETF industry is open now. Please follow this link to make your nominations.

Global ETF Launches

Global Launches sponsored by STOXX
A quiet week of launches in the non-North American sector brings us ETCs based on bitcoin and Ethereum from Xtrackers, plus a new index from Solactive, who has partnered with CEPRES to bring us the US Private Equity Replicator Index.

US ETF Launches

US Launches sponsored by STOXX
10 new ETF offerings were launched for the week, each with a distinct value proposition for investors. Detailed below are the respective launches from each asset manager.


Canada Launches sponsored by STOXX
A summary of the Canadian ETF launches that occurred in March 2024.
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