European ETF provider HANetf has partnered with US ETF investment and technology platform Tidal Financial Group to offer ETF white-label services to each other's clients.
Under this agreement, HANetf said it would expand its services to include Tidal’s client base, providing access to Ucits ETFs, ETNs and ETCs. In return, Tidal would enable HANetf's clients to enter the US market with ‘40 Act and ‘33 Act ETFs.
According to the ETF provider, this partnership "bridges the gap" between European and US ETP markets, offering global asset managers an opportunity to launch funds seamlessly. It added that the "dual approach" safeguards intellectual property by launching it in both wrappers and markets, providing access to a broader audience with specific preferences, including "tax considerations and time zones".
Both wrappers are also popular in other geographies, including Latin America and Asia, added HANetf.
Mike Venuto, co-founder and CIO of Tidal Financial Group, said: “With this partnership, we are now able to connect our US-based customers with our counterparts in Europe, and our clients will be able to repurpose the innovation, ideas and content we produce with HANetf here to access the European Ucits ETF market.”
Hector McNeil, co-founder and co-CEO of HANetf, said: “Clients will be able to either supplement their Ucits ETF offering with ‘40 Act ETFs or, if they haven’t entered the ETF market, offer both wrappers to allow simultaneous launch in both the world’s leading ETF markets in one fell swoop.”
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