HANetf and Tidal Financial Group have entered into a strategic partnership to expand investment opportunities beyond Europe, emphasizing the increasing complexity of the “white-label” exchange-traded fund (ETF) industry. This collaboration aims to leverage the combined expertise and infrastructure of both organizations to enhance the ability of smaller fund managers to efficiently launch new funds.
HANetf, a leading third-party ETF platform in Europe, currently manages $2.7 billion across 33 ETFs, with CEO Hector McNeil co-chairing the platform. The partnership with Tidal Financial Group, led by Mike Venuto, will allow asset managers to simultaneously offer ’40 Act (US) and Ucits (EU) structured funds, streamlining the process of introducing new investment products in both markets.
HANetf and Tidal Financial Group partner for transatlantic ETF offerings
The white-label ETF sector in Europe is gaining momentum with various players aiming to capitalize on the market’s potential. Waystone’s CEO, Paul Heffernan, is directing their white-label business to launch four client funds awaiting seed funding discussions. Meanwhile, Benjamin Linn from Axxion is working on introducing a fund focused on global sustainability goals. Goldman Sachs’ Accelerator is also gearing up to enter Europe with innovative offerings.
Additionally, Leverage Shares, under the guidance of Jose Poncela, continues to expand its package of Exchange-Traded Products (ETPs) targeting various strategies while navigating the fragmented European market. The European landscape presents unique challenges, often hindering standardized expansion efforts due to regulatory diversity.
The partnership between HANetf and Tidal Financial Group signifies a significant development for the white-label ETF industry in Europe and provides a template for other firms looking to fill gaps between different regulatory environments and expand their global footprint.
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