Nevertheless, the analyst leaves some room for smaller players with novel ideas.
“Management sees room for other niche players to come in with an interesting value propositions to capture share as the overall market for ETFs builds,” Katz said in the article.
“The move also reinforces the scarcity value for existing platforms with differentiated product sets and strong(er) organic growth prospects,” Katz added, Joe Morris reports for Ignites. “As such, we continue to believe WETF’s [WisdomTree’s] model efficacy and scarcity value are rising, and could ultimately drive a change-of-control premium.”
For more information on the ETF industry, visit our current affairs category.
Max Chen contributed to this article.