Hector McNeil, co-CEO of HANetf, has said MiFID II and the industry's greater focus on transparency will drive further assets into passive products, although he highlighted active ETFs will be the main beneficiary.
Speaking to Investment Week following the launch of his new venture HANetf - the firm he set up with his former co-CEO from both Boost/WisdomTree Europe and ETF Securities Nik Bienkowski - McNeil said a key driver of flows from mutual funds to ETFs was regulation such as MiFID II and the increasing focus on fees. MiFID II, which comes into effect on 3 January 2018, is designed to increase transparency across all assets classes and offer more protection to investors. "MiFID II is the latest injection of steroids into the ETF business," McNeil said. "It is not the be all and end all but...
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