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Magazine Issues » December 2022

2022 Funds Europe Award winners

European ETF Provider of the Year

Winner – Global X ETFs

The judges rewarded Global X ETFs for its growth in assets and for the level of diversification offered through the firm’s product range.

ETFThe ETF issuer saw AuM grow globally by 38% across its 90 different ETF strategies, from €27 billion to €38 billion. However, it was in Europe where the firm was most successful. Having launched its European business in December 2020, Global X has since seen rapid growth, with a 511% jump in assets under management from €49 million to €3 billion

Global X also launched a number of ETFs specifically for the European market, including the first Uranium Ucits ETF, as well as funds focused on infrastructure development in the US, global wind energy providers and global e-commerce.

In addition, Global X launched physically backed crypto ETFs on Deutsche Boerse, adding to its suite of income and commodities products and meeting its stated aim to be a standard-bearer for the ETF industry’s “passively managed roots” and its “disruptive and thematic future”.

Shortlisted

WisdomTree – The US ETF provider may have seen its assets under management fall slightly in a challenging market environment, but it has continued to launch innovative passive products. Between June 2021 and May 2022, it unveiled 15 funds, including its Carbon fund, which tracks the price of the ICE carbon allowances EUA futures and pulled in $275 million of net inflows as of March 2022. Other sectors covered in its new ETFDs include the crypto market, commodities, and biotech.

Northern Trust Asset Management FlexShares – Northern Trust Asset Management’s FlexShares entered Europe with five climate-focused ETFs, which generated inflows of $174.72 million by end of August 2022. With ten years’ experience in the US market, FlexShares is looking to use its market knowledge to bring new and useful products to European investors. Four of its five ETFs are climate-focused, while the fifth offers exposure to the listed private equity market.