In comparison, someone would have to pay $500,000 to $1.25 million to launch an ETF from scratch, according to ETF industry consultant Robert Tull.
Foreign asset managers are also turning to these white label companies to gain easy access to U.S. investors.
“We’ve had a lot of interest from overseas (firms) wanting to come and talk to us,” Exchange Traded Concepts Chief Executive Officer Garrett Stevens said in the article. “The (U.S.) markets are very unfamiliar to them.”
For more information on the ETF industry, visit our current affairs category.
Max Chen contributed to this article.