PwC’s Coady: Global reach of UCITS ETFs ‘real opportunity’ for asset managers

There are distribution efficiencies in regions such as Latin America

Tom Eckett

Marie Coady, global ETF leader at PwC, has predicted more US-based ETF issuers will enter the European market due to the global reach of UCITS.

In a recent ETF Stream webinar, titled ETF Investigations: The European ETF market’s biggest trends in 2023, Coady said the global reach of UCITS ETFs is a “real opportunity” for ETF issuers.

In particular, she highlighted Latin America as a region where demand for UCITS ETFs has been strong due to the distribution efficiencies of the structure.

Highlighting this, Latin America-based investors in US-listed equity ETFs pay 30% withholding tax on dividends.

“Many US ETF issuers are looking at that region but realise they need a European product to be efficient in that market,” Coady explained.

“Other markets that have seen huge new registrations recently are Denmark, the Middle East and Asia-Pacific. The unique tax-neutral feature of UCITS is now being understood on a global basis.”

Speakers in this webinar include:

  • Ciaran Fitzpatrick, head of ETF solutions for Europe, State Street

  • Marie Coady, global ETF leader, PwC

  • Jim Goldie, head of ETF capital markets and indexed solutions, EMEA, Invesco

ETF Investigations is a new webinar series from ETF Stream which examines the key issues facing ETF investors in Europe. To watch a full replay of this webinar, click here.


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