Money managers follow their own investment styles and quirks, and now anyone around the world can market their strategy in Europe through ETF Securities’ new CANVAS exchange traded fund service.
On Monday, ETF Securities came out with its CANVAS service that helps assets managers construct ETFs, convert Undertakings for Collective Investment in Transferable Securities (UCITS) into ETFs or add ETF share class into a UCITS fund, according to a press release.
Essentially, the new ETF service promises to provide the foundation for any asset manager to launch their fund strategy, including bringing products to market and handling regulatory paperwork.
“CANVAS provides an easy and efficient way for [asset managers]to launch ETFs, relying on ETF Securities’ years of expertise and infrastructure,” Graham Tuckwell, Chairman, ETF Securities, said in the press release. “To date we have already received strong interest from asset managers in Europe, the US and China.”