Monica Gogna, a partner at Pinsent Masons, the law group, expects the move to increase the total number of European ETFs.
However, the tax changes may not show any immediate effects on the industry. For instance, Alan Miller, chief investment officer of asset manager SCM Private, remains skeptical, pointing out that long-established operations in Ireland and Luxembourg won’t automatically shift operations into the U.K.
“For the investors there is no difference,” Hector McNeill, co-chief executive of Boost ETP, said in the Financial News article. “For the ETF company, they are probably already paying a lower rate of corporation tax within those centres. I can’t quite understand the point of it to be honest.”
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