Credit Suisse has raised more than $500m in
assets under management (AuM) in its 13 new swap-backed exchange
traded fund (ETF) range since it was launched across four
European markets in the third quarter of 2010.
The 13 swap-backed ETFs, which specifically
target emerging markets, form part of the wealth manager’s range
available in Germany, Italy, Switzerland and the UK.
Go deeper with GlobalData
Credit Suisse’s asset management ETFs global
head Dan Draper said that the bank now has more than $14bn in AuM
across its 54 Europe-based ETFs.
Draper, who joined Credit Suisse in March 2010
from Lyxor Asset Management, described ETFs as “a real growth area”
and said the bank wants to launch ETFs globally.
Private client appetite for ETFs picks
up
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By GlobalDataThe head of investment solutions for Credit
Suisse’s UK private banking unit, Dennis Geelan, said he
expects to have a much larger number of private clients interested
in ETFs.
Credit Suisse’s ETF products are also
listed on the SIX Stock Exchange, Borsa Italiano and Frankfurt
Xetra Exchange.
The private bank launched its ETF platform in
2001.
It claims to be the largest provider of ETFs
in Switzerland and the fourth largest provider in Europe.
