Total assets under management at independent white-label UCITS ETF issuer HANetf have reached $51 million.
This total is driven by significant investor inflows and performance-based growth, resulting in year-to-date asset growth on the platform to 768 percent. Organic growth in on-platform funds has additionally contributed to the growth in assets, with year to date performance ranging from 14 to 23 percent.
Currently HANetf has 3 asset management clients and 5 ETFs with an end goal of being a major European ETF player with ETFs covering all asset classes. The breaking of the $50m barrier is seen by HANetf as indicative of the success of its distribution and marketing.
The firm scored a coup with the launch of the first ETF tracking the Kuwait index. This product was given a major boost earlier this week when indices provider MSCI upgraded the country to emerging market status, which will attract more institutional money.
HANetf started business in 2017 and launched the first product on its platform in the fourth quarter of 2018. It aims to provide opportunities and solutions for asset managers who want to successfully launch and manage UCITS ETFs. The issuer was founded by two ETF specialists, Nik Bienkowski and Hector McNeil, who have since utilised the white-label platform to launch the EMQQ Emerging Markets Internet and Ecommerce UCITS ETF and the world’s only pure-play Kuwait ETF (KMEFIC FTSE Kuwait Equity UCITS ETF).
They have also developed Europe’s first dedicated Cloud Computing ETF and they are currently in conversations with over 300 asset managers worldwide about entering the European UCITS ETF space.
Mr McNeil, who is co-CEO of HANetf as well as co-founder, believed that HANetf had successfully managed to simply the process of creating an ETF business, and that it was likely to benefit from the growth of the industry across Europe.
He said: “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 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.”
