London-based investment platform Hanetf has passed the $500 million milestone in assets under management (AuM) following six months of significant growth.
The ‘white label’ ETF issuer’s AuM stand at $509 million as of July 27 – an increase of 600% compared to 6 months ago, the firm has reported.
The surge in AuM was predominantly driven by “extensive” flows into its Royal Mint gold ETC, as well as positive performance seen in various emerging technology themes.
Co-founder Nik Bienkowski said: “The appetite for ETFs grows stronger every day as investors are placing higher value on products that offer great exposures with the added benefits of cost-effectiveness and liquidity.
“This, in turn, is drawing more asset managers into the ETF space and they seek to tap into the immensely effective distribution power of ETFs.”
Hanetf currently has six asset management clients and eight ETFs and similar products.
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