HANetf will partner with US-based ETF and investment platform Tidal Financial Group, allowing the companies to offer services across each other’s client bases.
Through the deal HANetf will have access to the Tidal network, offering UCITS ETFs, ETCs, and ETNs. Conversely, Tidal will offer ’40 Act and ’33 Act ETFs to the HANetf network. Through the deal, clients will have access to both European and US markets.
HANetf has introduced 45 products through its lifetime, adding up to $2.6bn in assets under management, while Tidal, which currently partners with more than 50 ETF issuers with 118 ETFs, holds $9.5bn in assets.
Hector McNeil, co-founder and co-CEO of HANetf, said: “We are very proud to announce our agreement to work with Tidal in order to offer US ETF white label capability to our clients. Since launching HANetf five years ago, we have had multiple requests from global clients to be able to offer both UCITS and US ETF capability.
“Both firms own and have developed significant infrastructure including Irish Manco, ICAV and US Trusts making the infrastructure costs cost and time efficient. Both firms also have marketing and distribution capabilities which is arguably the hardest part of achieving success in the ETF market.”
The partnership will allow clients to supplement their portfolios with either US or European products, McNeil said. HANetf will launch ETFs through its Irish ManCo and ICAV platforms.
Mike Venuto, co-founder and CIO of Tidal Financial Group, said: “We are excited to expand our relationship with HANetf. Over the past few years, we have participated in the growth of European ETFs as a sub-adviser to HAN clients. With this partnership, we are now able to connect our US-based customers with our counterparts in Europe.
“Through this partnership, our clients will be able to repurpose the innovations, ideas and content we produce with them here to also access the European UCITS ETF market.”