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November 24, 2010updated 04 Apr 2017 3:52pm

Credit Suisse predicts pick up in ETF appetite

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 in the UK in September. The 13 swap-backed ETFs, which specifically target emerging markets, form part of the wealth managers range of 45 ETFs in the UK. 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.

By Nicholas Moody

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.

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

The 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.

 

 

 

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