ETF Securities launches tool for wealth managers to build ETFs

ETF Securities has launched a service allowing asset and wealth managers to build and launch exchange-traded funds (ETFs) and ETF platforms.

The new service, called CANVAS, will allow asset managers and wealth managers offering model and multi-asset portfolios to add ETFs to their offering, convert existing UCITS funds into ETFs, or add ETF share classes to their funds. The platform will provide them with the infrastructure and legal framework to launch both physical and synthetic ETFs. Matt Johnson, head of distribution EMEA, said asset managers across the globe have already shown interest in the product, as their own use of ETFs grows and industry assets continue to increase. "There has been a tenfold increase in ETF ...