Vanguard’s decision to switch to FTSE Indices has put exchange traded fund indexing in the spotlight, and now FTSE Group will launch its own exchange traded product service unit to help foster growth between the index provider and other potential fund sponsors.
“The creation of FTSE’s new dedicated ETP Service Unit is the latest step in a strategy designed to deliver the best possible index and service solutions to our clients globally,” Mark Makepeace, CEO, FTSE Group, said in a press release.
The new service unit will bring dedicated research and relationship management resources together with clients to develop ETP index options. The unit will be headed by Jonathan Horton, President, FTSE North America.
FTSE expects global ETP assets to continue to grow as investors search for low-cost, transparent and diversified investment options.