Some market observers are skeptical about the effectiveness of this move to attract fund providers, pointing out that the costs outweigh the benefits.
“The change is probably insufficient to entice major ETF providers out of their existing locations,” Ben Gutteridge, Brewin Dolphin head of fund research, said. “This is due to a combination of factors including a well established and successful financial infrastructure, prohibitive relocation costs, and more favorable corporate tax rates.”
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