News Round-up: Allfunds makes statement of intent with ex Global X CEO hire
Allfunds has made a statement of intent with the hire of ex Global X CEO Luis Berruga as senior advisor ahead of the launch of its white-label exchange traded product (ETP) platform in 2025. The appointment marked the second hire of an ETF industry veteran for Allfunds after hiring Marc Knowles as global head of ETP markets the week before. In August, Allfunds announced the launch of an exchange-traded product (ETP) platform as it hopes to “revolutionise” the distribution of ETPs in Europe. Read the full story here.
European investors continue to be hesitant in their uptake of single stock exchange traded products (ETPs) despite Europe’s plethora of these products available. This can be put down to differing investment cultures, according to Oktay Kavrak, communications and strategy director at Leverage Shares. He added single-stock ETPs are widely available on US brokerage platforms whereas access is more difficult for European investors. Toby Lawes has the full story.
Finally, the distinction between 'active' and 'passive' ETFs may need to be reassessed, with a team at State Street Global Advisors (SSGA) suggesting ETFs doing anything other than track broad cap-weighted indices should be re-labelled as 'active'. Read the full story here.
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5. Allfunds appoints ex Global X CEO as senior advisor
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