Credit score Suisse Asset Administration has added ETFs to its funding fund merchandise vary for the primary time, the Swiss agency has introduced.
The three new ETF methods will complement its current index fund providing and, in accordance with the asset supervisor, come as a respone to growing demand for liquid exchange-traded merchandise pushed by digitalisation.
The asset supervisor will convert three current index funds into ETFs, which will probably be:
- CSIF (IE) MSCI USA Blue Ucits ETF
- CSIF (IE) MSCI USA ESG Leaders Blue Ucits ETF
- CSIF (IE) MSCI World ESG Leaders Blue Ucits ETF
The agency mentioned it launched ETFs in areas the place this explicit fund construction is extra environment friendly than index methods.
The launch of the agency’s first ETFs is a part of its ambition to complement its index merchandise to raised serve such buyers like fintechs which have geared their processes and techniques to stock-market transactions.
Commenting on the launch, Valerio Schmitz-Esser, head of Credit score Suisse Asset Administration Index Options, mentioned: ‘We now have been replicating indices with exacting precision for a wide selection of asset lessons, areas and currencies since 1994, and have been doing the identical for ESG sustainability indices for over two years now.
‘By means of our core enterprise, index funds, we have now the crucial mass and possess the expertise and experience to supply ETFs in focused funding segments that complement our current choices.’
The primary three ETFs of the asset supervisor will probably be listed on the SIX Swiss Trade, the Borsa Italiana and the Deutsche Börse. Brown Brothers Harriman is because the fund administrator and custodian financial institution.