HANetf, which has been preparing to enter the European exchange-traded fund (ETF) market since last year, says it has appointed market makers to provide liquidity.
Goldenberg Hehmeyer, IMC, Old Mission Europe and RBC Europe are the ‘authorised participants’ and the appointment of the firms is the latest in a series of announcements of providers or hires at HANetf as it looks to become Europe’s “first independent ‘white-label’ Ucits ETF platform”.
In January the firm said it had hired BNY Mellon as its asset servicer.
More recently it hired a sales chief for Italy.
The firm said it would launch its first funds – which are scheduled for listing on the London Stock Exchange, Borsa Italiana and Deutsche Boerse Xetra – “in the near future”, subject to regulatory approval.
Founded by co-chief executives Hector McNeil and Nik Bienkowski, HANetf will provide a full service offering to prospective ETF issuers, including product development, operations and distribution.
The firm says it will remove barriers to entry for new entrants to the European ETF market, making it easier and more cost-efficient for asset managers to launch ETFs.
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