Carne Group: Fund managers expect up to 20% of AUM to come from ETFs by 2030
As the European ETF industry celebrates its 25th anniversary, new research covering equity and fund managers across Europe and the US commissioned by Carne Group, reveals more than a quarter (28%) of those surveyed believe exchange-traded funds (ETFs) are critical to their company’s long-term growth and prospects. A further 69% say they have an important role to play.
Respondents expect ETFs to account for even greater proportions of their AUM in the next five years. Looking to 2030, 49% of fund managers believe that between 15% and 20% of their company’s AUM will be held in ETFs. However, if fund managers are to deliver successful ETF launches, the research reveals they will need to secure support from specialist third parties.
Almost two-thirds (64%) of those surveyed say they use third parties to help them select service providers such as administrators and custodians, while 63% use support to establish legal structures typically under UCITs. More than half (57%) of fund managers outsource the preparation of prospectuses and other legal documents; 53% use a third party to submit documentation to the regulator; and one-fifth (20%) use specialist providers to help list the ETF on a stock exchange.
