Credit Suisse Asset Management Revives ETFs After BlackRock Sale
- Swiss manager to convert three European index funds to ETFs
- CS AM sold its regional ETF business to BlackRock in 2013
A logo hangs in the entrance to Credit Suisse Group AG's headquarters in Zurich, Switzerland
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
Credit Suisse Asset Management is getting back in the exchange-traded fund game nearly a decade after it effectively exited the business by selling its European unit to BlackRock Inc.
The Swiss firm plans to convert three of its index funds into ETFs that will trade on Deutsche Boerse AG, Borsa Italiana and SIX Swiss Exchange AG, it said in a statement on Monday. The asset manager will introduce products “where they exhibit efficiency advantages over index funds,” according to the release.