Credit Suisse Asset Management has expanded its range of funds to include Exchange Traded funds (ETFs).
The new ETFs complement the existing Credit Suisse Index funds. With the introduction of ETFs, Credit Suisse is responding to the growing demand for liquid products that are tradable on the stock exchange due to digitalization.
The first three ETFs are listed on the SIX Swiss Exchange, the Borsa Italiana and the Deutsche Börse. They will be launched in areas where they have efficiency advantages over index funds.
By introducing selected ETFs to complement index funds, Credit Suisse Asset Management wants to better serve investors such as fintechs who have aligned their processes and systems with stock exchange transactions.
Michel Degen, head of Credit Suisse Asset Management Switzerland and EMEA said: "We are constantly analysing the market, new trends and customer needs in order to offer suitable solutions for our customers. With the increasing importance of digital sales platforms, ETFs will become even more strategically important in the future."
In the first phase, three existing index funds will be transferred to the new, extremely efficient ETFs, which are launched under Irish law and listed on the SIX Swiss Exchange, Borsa Italiana and Deutsche Börse.
Brown Brothers Harriman was selected as the fund administrator and custodian.